Valentine’s Day has come and gone, and it’s a safe bet there’s some new jewelry taking up real estate on your finger, wrist, neck, or ears. Hey, maybe all four! Now, here’s the bad news: your standard homeowners insurance isn’t enough to cover your jewelry.
Is my current homeowners insurance enough to cover my jewelry?
Sadly, the answer is no. Most homeowners policies do cover theft. However, you’ll need a rider to cover loss, and mysterious disappearances. Some riders won’t even cover damage, flood, earthquake and more often than not, you’ll have an out-of-pocket cost for your deductible.
What kind of insurance do I need to protect my jewelry?
Simply put: Jewelry Insurance. A good jewelry insurance policy will cover each and every sparkler in your jewelry box:
- Engagement rings
- Loose stones
What does Jewelry Insurance cover?
Let’s just put it out there, we all know many people consider their jewelry special because of what it represents; or, because it’s been passed down from generation to generation. Obviously, insurance isn’t going to cover the sentimental value, or the heartbreak you feel when something happens to your precious gems.
What jewelry insurance does cover:
Flood or Earthquake
Worldwide Coverage (for travelers)
Out-of-Pocket Expenses (there’s a 0 deductible option)
Having jewelry insurance also means your homeowners insurance won’t be jeopardized.
Important benefits of owning a jewelry insurance policy
Beyond everything insurance covers, there’s the peace of mind that if you happen to damage your jewelry, you can use your own trusted jeweler to repair or replace the damaged jewelry. Not only repair and replace it, but also match the quality of your piece.
Insurance specifically created for covering jewelry is definitely something you’ll want to discuss with our experienced staff.
Give us a call today at 631.543.0500.
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