What You Need to Know About Scheduled Personal Property Coverage in Oklahoma Home Insurance

When Lisa’s engagement ring slipped off while gardening, she wasn’t too worried. “My home insurance will cover it,” she told her husband. But when the claim was filed, they found out her policy only covered $1,500 for jewelry—and the ring was worth over $8,000.

That’s when they learned about scheduled personal property coverage—something they wish they’d added before the loss.

If you own high-value items in your Oklahoma home, here’s why scheduling personal property might be the best move you haven’t made yet.

let's talk about your home insurance in okc!

​What Is Scheduled Personal Property Coverage?

Scheduled personal property coverage is an add-on to your home insurance that lets you fully cover specific high-value items—like jewelry, firearms, collectibles, and electronics—above the standard limits in a basic policy.
​
Think of it as a way to name certain things and protect them better. You list the item, submit its appraised value, and it gets separate, expanded coverage.

What Does Your Home Insurance Cover Without It?

Most home insurance policies include personal property coverage, but there are limits—especially for:

• Jewelry
• Watches
• Firearms
• Fine art
• Musical instruments
• Coin or stamp collections

In many Oklahoma policies, the standard jewelry limit is $1,000 to $2,500 total, and often only $500 per item. If your necklace, Rolex, or heirloom shotgun goes missing, that cap kicks in.
And here’s the kicker: theft losses for these categories often come with even stricter limits.

​Real-World Examples in Oklahoma

Jewelry LossLisa’s ring story happens more than you think. Scheduling your valuable pieces lets you recover the full appraised amount if it's lost, stolen, or damaged—even outside the home.
​
Guns and FirearmsOklahoma homeowners with large gun collections may be shocked to learn that their policy caps theft losses on firearms at just $2,000. Scheduling them individually (or as a group) provides better protection.

Antiques and CollectiblesWhether it's a baseball card collection or antique furniture passed down from your grandparents, these items can be difficult to value unless listed and appraised ahead of time.

​What Are the Benefits of Scheduling Items?

Here’s what you gain when you schedule your valuables:

• Higher coverage limits based on appraised value
• Coverage for more situations, including accidental loss (like dropping a ring down a drain)
• No deductible in many cases
• Worldwide protection—whether it’s lost at home or while traveling

​
It’s not just about theft. Scheduled coverage often includes mysterious disappearance, which most base policies do not cover.

​How Do You Schedule Personal Property?

It’s a pretty straightforward process:

1. Get an appraisal or original receipt to document the value.
2. Send that to your insurance agent.
3. Add it to your policy as a scheduled item.

Some items may need to be reappraised every few years depending on their value.

​What Does It Cost?

The extra cost is usually small compared to the value of the item. For example:

• Scheduling a $10,000 ring might cost $100 to $150 per year.
  
• A $5,000 hunting rifle could be added for around $50–$75 annually.
  

Rates vary based on risk, value, and whether you live in a higher-crime area of Oklahoma City or in a more rural area.

​Do You Need This Coverage?

If you answered yes to any of the following, you probably should consider it:

• Do you own any jewelry worth more than $2,000?
  
• Do you have collectibles, firearms, or fine art?
  
• Do you play or own high-end musical instruments?
  
• Would you want full replacement value for these things, even if lost outside the house?
  

It’s also worth considering if you’re newly married, inherited heirlooms, or have added expensive new items recently.

Talk to an Agent Who Knows What to Ask

Many homeowners think they’re covered—until they file a claim. And when it comes to valuables, you can’t afford to find out too late.

At Oklahoma Insurance Professionals, we help homeowners in Oklahoma City and surrounding areas find the gaps in their coverage—before disaster strikes. As an independent agency, we’re not tied to one company. We help you compare and choose the best protection for your needs and your stuff.
​
If you have questions about what your home insurance actually covers, give us a call. We’ll help you make sure your valuables are really protected—not just partially covered by a basic policy.

get the best okc home insurance!

---

Scott Godwin
Founder

Oklahoma Insurance Professionals LLC serves Oklahoma City and the surrounding Oklahoma communities by protecting the people we work with just like we protect our own family members. Home insurance, auto insurance, business insurance, and more. We can help you find the coverage you need. ​​