You don’t think twice about insuring your home, your life, or your car–so why don’t you have insurance policies to cover your jewelry, too? Jewelry insurance is more important than you think.
If you think your jewelry (or art, guns, silver, and furs) is covered with your homeowners policy, you’re right–but only up to about $2,000. Jewelry can be easily lost or stolen, a basic policy will not cover the replacement cost of the piece(s). If, heaven forbid, your engagement and wedding rings disappear on your honeymoon, you’ll only get that couple of thousand back from your insurance company. And that’s only if they were stolen–not just lost.
It’s really easy to get the coverage you need for your jewelry–and the peace of mind that comes with it. The premiums for a separate policy, called a personal articles policy, is inexpensive–about $200 yearly for $20,000 in coverage. Your insurance agent at Branco Insurance Group can guide you through the process in more detail, but here’s how you get started.
Here’s what the appraisal will cover.
You’ll get a couple of copies, and the jeweler will keep a copy in their files.
Give Branco Insurance Group a call at 203-723-8500 to discuss your jewelry insurance needs.