Nov 03, 2015
Jewelry often represents either a substantial investment or an important emotional attachment—sometimes it includes both. Whether you want to protect your grandmother’s pearls, your dad’s old Rolex, your engagement ring, or your entire collection of jewelry, you’ll need to take a few steps to protect your investment and your treasured memories.
Start by protecting your jewelry from loss, damage, or theft.
Doing what you can to protect your jewelry is a good start, but it may not be enough. You can’t always prevent fires, burglaries or other disasters so insurance coverage is still quite important.
While some people choose to purchase coverage through a specific jewelry insurance company, many people use their regular insurance company since jewelry can usually be covered through your homeowners insurance policy.
In some cases your jewelry may already be covered, but you’ll need to check the specifics in your policy to see if you need to add the coverage. Some homeowners policies exclude items or carry limits on items like jewelry, furs, and instruments unless you purchase special coverage so it’s important to discuss with your advisor.
When you contact Bradenton Insurance you should be thinking of the following questions:
Once you’ve settled on an insurance company, have your jewelry appraised and take photographs for your records. It is also smart to have jewelry reappraised every few years since in some cases the value can increase. You should also have a record of purchase receipts and any other pertinent documents.
It is wise to insure your jewelry and other valuables through your homeowners insurance policy whenever possible, but to do this you need to understand your policy and know if what you have is properly protected. When you’re looking for an insurance policy or adding coverage for jewelry, you need to also find out which scenarios are covered. Some insurance agencies cover theft and fires, but not loss or damage due to accidents, water damage or a flood.
Don’t risk losing your likely sentimental investment or treasured heirlooms—invest in an insurance policy that provides the coverage and protection you need. To learn more about insurance policies on Florida’s West Coast contact Bradenton Insurance today.