RULE 05.4 - PROHIBITED LIST - SCHEDULED PERSONAL PROPERTY
The following risks may not be submitted:
1) Loose or unmounted stones.
2) Chipped or cracked stones.
3) Any item valued at over $5,000 without an appraisal dated within the past 3 years or a gemologist appraisal for jewelry dated within the past 3 years. (Pawnshop appraisals are not acceptable.)
4) Scheduled personal property exceeding 50% of the Coverage C limit.
5) Any claims on scheduled personal property within the past 3 years.
6) Any single item valued at $20,000 or more without prior Underwriting approval.
7) Any schedule of items totaling over $60,000 without prior Underwriting approval.
8) Any risk involving extensive travel or leaves the residence unoccupied.
