Have you ever thought about buying insurance for your precious jewelry, which is sometimes expensive, so we take extra care. But no matter how careful you are when using jewelry, there is always the possibility of it being stolen, lost or damaged. Jewelry insurance is essential and is useful in this case. If something goes wrong with your jewelry, you can rest assured that it can be repaired or replaced. Here are some of our tips on 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.
Many times, jewelry is purchased with a warranty. Unlike insurance, the warranty is limited. In addition, warranty is unlikely to replace jewelry in the event of theft. With insurance, you don’t have to worry about wearing jewelry.