Jewellery

Jewellery Insurance

Jewellery Insurance Brings Protection And Peace Of Mind

Jewellery insurance is an important amenity when it comes to protecting yourself against theft and loss. The fact is that jewellery is made to be worn. Expensive, valuable pieces stored in a safe or a safe deposit box defeats the purpose of having it at all, but every time you wear your favorite necklace, bracelet, or earrings, you are taking a chance of having that piece lost or stolen. Jewellery insurance cannot replace the emotion behind a priceless heirloom, but it can make up for the loss monetarily.

Where Do I Buy Jewellery Insurance?

While it is not as heavily advertised as car insurance and homeowners’ insurance, jewellery insurance is just as easy to find. In fact, if you call your current insurance carrier, you will likely find that they carry jewellery insurance as well. If they do not, you will find that a few calls to a few mainstream insurance companies will reveal several options for insuring your valuable accessories.

Isn’t My Jewellery Covered By My Homeowners’ Policy?

If your jewellery is stolen from your home, it may be covered by your homeowners’ policy. Many companies require that you report those items and have them listed on your policy in order to cover them. If, however, you are traveling and your jewellery is stolen from your hotel room or if you are mugged and your jewellery is taken from you, your homeowners’ policy will not cover this loss. For this reason, if your accessories are of substantial monetary value, you will need a separate jewellery insurance policy.

What Information Is Needed?

In order to purchase a jewellery insurance policy, you will need to produce an appraisal on your items, completed by a professional. In some cases, your insurance company may require that you use an appraiser from their specific list of approved professionals. This person will consider the weight of your jewellery, the purity of the precious metals, the quality of the gems or stones, and the artistry of the items, ultimately placing a monetary value on each piece of jewellery. Your jewellery insurance company will use this information to determine the cost of your policy and the pay-out in case of loss or theft.

Peace Of Mind

If you are the owner of a beautiful piece of jewellery that is perhaps more valuable than what you are accustomed to, it is very easy to avoid wearing it. Insurance gives you the peace of mind to be able to enjoy your jewellery and even show it off a little. Jewellery insurance allows you to wear your beautiful pieces as they were meant to be worn.