Have you ever thought of getting an insurance for your precious jewelry? Jewelry, at times, come with a hefty price tag and that is why we take extra care of them. But no matter how cautious you are when you use your jewelry, the possibility of it being stolen, lost, or damaged is always there. Jewelry insurance is essential and comes in handy for these type of situations. If something were to happen to your jewelry, you can rest easy knowing it can be fixed or replaced. Here’s our quick tips about jewelry insurance.
All Types Of Jewelry Can Be Insured
From your precious wedding ring to the gorgeous watch that your mother gave you as a birthday gift - any and all types of jewelry pieces can be insured. Insurance companies can offer coverage for items such as rings, watches, earrings, bracelets, necklaces, pendants, charms, and even smart jewelry.
You Have To Get A Jewelry Insurance Quote
Similar to all other types of insurance, you will have to obtain an insurance quote. An appraisal of the jewelry piece will be completed to ensure that the insurance quote is appropriate. The appraisal lists a detailed description of the item and provides an opinion of value based on the jewelry's characteristics. Keep in mind, you will want to go to a professional and reputable jeweler for an appraisal to get the best evaluation of your jewelry piece.You can search for more than one insurance quote at a time.
Read And Understand The Coverage
Fully understanding what is written in your insurance will save your from any hassle when it’s time to use the insurance. Some insurance may not include full replacements or they may require a deductible prior to any repairs or replacement. The more you know about what the insurance offers, the easier it will be when it's time to file a claim.
Lost, Stolen, Damaged
Protect your jewelry from loss, theft, or damage with comprehensive insurance. Comprehensive insurance is the best insurance to have as it covers the most severe situations like when you leave your jewelry out somewhere, it gets stolen, or if your jewelry cracks. Jewelry insurance companies will replace the same jewelry piece or with a comparable piece, should the exact jewelry piece not be available anymore.
Often times, jewelry comes with a warranty when purchased. A warranty differs from insurance as it only provides limited coverage with an expiration date. Also, warranties are unlikely to replace the jewelry piece in event of theft. Having insurance lets you wear your jewelry worry free.