If jewelry is on HO:
The impact of a jewelry claim is serious!
Jewelry loss counts as HO loss.
Jewelry losses hit CLUE and PILR reports.
Client loses homeowners’ “claim free” rating.
HO policy is difficult to re-market after a loss.
“Mysterious disappearance” claims, in particular, are red flags.
HO policies have capacity limitations.
Many HO carriers will not cover higher-value jewelry.
HO policies will not list non-family members with “insurable interest.”
NOTE:
70% OF PERSONAL PROPERTY
THEFT LOSSES ARE
JEWELRY
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