It is that a deductible on personal items as well? Sometimes they break these out.
If it's scheduled, which means if you reported this item to your insurance and paid a small amount for it's coverage then it won't have a deductible. No one is understanding that the State farm insurance is a personal items insurance and if you have renters or homeowners you can already do that on that policy.
How do you think people cover say a diamond ring. They don't leave it in the total personal items on the house normally, it's suggested they "schedule it". Meaning they call the insurance agent and tell them they have a ring at x value that they want to insure. The company may need an appraisal but then they set a rate and that specific item has a value and it's covered, with no deductible.
If you don't schedule it then items will typically fall under your personal property on the home or renters and that coverage follows you worldwide, but whatever deductible you have is applied if you lost something. It's applicable for individual items being stolen but it's really there if say your house burns down and you lose it all, or that type of scenario.
So if you schedule it and anyone with home or renters can do this in the US, then typically it's a preset and agreed amount that you pay for within your home or renters insurance costs.
If you don't schedule then it's just wrapped up in the personal items coverage on the home or renters and at whatever deductible you set for that.
Oh and since you just bought it did you pay with credit card? If so they may have a coverage for theft or breakage, or loss within the first 90 days. A lot of cards do this check the benefits on it.