Jewelry & Valuables Insurance
A special kind of joy comes from acquiring new jewelry. Its small and portable, yet very valuable nature makes it a simple target for burglars. It can easily be lost, stolen, or damaged. Insuring your valuables will help ensure you get financial compensation when you make a claim. You can either incorporate them into your existing homeowners insurance policy, which can limit coverage based on the type of item and cause of loss, or you can purchase a specific jewelry & valuables insurance policy to fully cover your important possessions.
It’s not just a thing for the wealthy. From jewelry to guns to collectibles, you might have more items of value than you realize. This article answers the most important questions you’d ask about jewelry & valuables insurance.
What is Classed as a 'Valuable'?
What Does Jewelry & Valuables Insurance Cover?
- Jewelry & engagement rings
- Silverware, china & crystal
- Musical instruments
- Golf Equipment
- Fine art
- Stamp & coin collections
- Sound equipment
- Sports equipment
What Jewelry & Valuables Insurance Doesn't Cover
How Much is your Jewelry Really Worth?
The price of precious metals, like gold and silver varies hugely. Case in point, the price of gold has risen by over 150% in just the past 10 years. Art, antiques, and other collectibles vary in value, as well, according to the prevailing economic and market conditions.
It makes sense to get such valuables appraised every few years. Outdated values can end up costing you more if you jewelry is over valued, and if undervalued and you file a claim – you might not get back the items full value. Upon valuation, you might realize that the replacement cost of a treasured piece of jewelry exceeds the single item limit. Getting your valuables valued prior to taking out an insurance policy will help ensure that they’re insured for the correct amount. It’s highly advisable that you have expensive jewelry appraised after every two years by an accredited jeweler.
How Much Does Jewelry & Valuables Insurance Cost?
Get A Jewelry & Valuables Insurance Quote
Choosing the right valuables policy isn’t always the easiest process. Many higher value items will need to be appraised to be sure they are covered for their true vales. Let our trained agents help you find the best fit policy for your prized possessions.
Different States Jewelry & Valuables Insurance
If you are looking for state specific Jewelry & Valuables Insurance insurance quotes, costs and information: