Protect rings, watches, and heirlooms with confidence always. Model risks, deductibles, and policy add-ons smartly. Get a clear limit and premium estimate instantly here.
Use appraised values to build a realistic starting limit. The calculator adds inflation and appreciation cushions to reduce underinsurance over time. If an appraisal is older than one year, the appreciation factor increases the target limit. Replacement valuation keeps limits closer to current market costs, while cash value reduces limits to reflect depreciation.
Scheduled coverage aligns limits to each listed item, which is helpful for high-value rings, watches, and heirlooms. Blanket limits simplify administration for many pieces and can reduce modeled pricing. Mixed structuring schedules key items and blankets the remainder to balance clarity and cost. Use an unscheduled sublimit to flag pieces that should be scheduled.
A higher deductible typically reduces estimated premium, but increases your expected out-of-pocket amount on a loss. Flat deductibles are straightforward. Percent deductibles are modeled using a claim-size estimate based on the coverage limit, so review insurer wording before relying on the figure. Compare the deductible chart to see sensitivity at common points like 500, 1,000, and 2,500.
Location and residence factors represent theft and loss exposure. Security level provides a modeled discount for alarms, safes, or bank storage. Wear frequency, travel days, and business use increase exposure and can raise both premium and expected annual loss. Add-ons such as mysterious disappearance, accidental damage, and worldwide protection increase modeled premium but reduce uncovered scenarios.
Compare annual premium, term premium, and payment amount to match your budget. Review the premium drivers waterfall to understand which inputs matter most. Adjust the base rate per 100 units to align with a real quote, then re-run scenarios. Use the CSV for inventory records and the PDF report for underwriting discussions. For renewals, update appraisals, confirm sublimits, and store photographs and receipts. Small documentation steps can materially improve claim speed, clarity, and settlement outcomes later.
Schedule items that exceed your unscheduled sublimit or have unique value. Blanket coverage works for smaller pieces, but scheduling improves limit clarity and reduces disputes for high-value items.
Use an appraisal when available. If you only have a receipt, start with purchase price and update later. Older appraisals may understate replacement cost, so consider the appraisal age and appreciation settings.
Replacement cost targets current cost to replace with like kind and quality. Cash value models depreciation, which can reduce both limits and claim settlement amounts, especially for older items.
Frequent wear and travel increase exposure to loss, theft, and accidental damage. The calculator applies a usage factor so you can compare conservative versus high-activity scenarios.
No. It is a planning estimate based on your inputs and a tunable base rate. Use it to compare scenarios, then align the base rate with an insurer quote for your location and policy terms.
Save the CSV as your inventory list with values and details. Generate the PDF report for agent discussions and underwriting. Keep photos, receipts, and appraisals with the exported files for faster claims.
Important Note: All the Calculators listed in this site are for educational purpose only and we do not guarentee the accuracy of results. Please do consult with other sources as well.