Once your jewelry is broken, stolen or lost can be a tragic incident. If you really love your jewelry as much as we do, it is important to keep it safe and sound. One of the ways to do so is to getting your jewelry insured.
But before making this crucial step, here are the things you need to know before calling up your insurance company.
If you need jewelry repairs in Colorado Springs, you can visit us.
Getting insurance for your jewelry is important (Image Source: Pixabay)
Yes. Your homeowner policy does cover your jewelry.
But, it cannot adequately do so. If the value of your jewelry goes over a thousand dollars, you should get additional jewelry insurance.
There are also some policies that only cover certain situations. For example, your policy can only cover stolen items or broken ones. It is never both, unfortunately. For other situations, your jewelry needs alternative insurance policies.
We advise you to get a stand-alone policy for your jewelry.
The moment you purchase a new piece of jewelry, get a policy for it immediately. You never know when an accident might happen, so it is better to make it insured on the same day you get it.
It would suck to lose something you just got!
Yes. even if it is a gift for a loved one, get it insured. Why? Well, again, accidents happen. It is better to be safe than sorry. This is why as soon as you purchase the gift, insure it. Once you hand it over to the receiver of the present, cancel your coverage since the insurance policy will no longer apply to you.
On the other hand, if you giving the gift to a partner or a family member, you can justify their names to the policy for convenience.
Thankfully, it is not. The appraisal cost of your jewelry will be the value of it when you sell it. But, make sure not to overinflate the cost of the piece when you do decide to sell it as it is considered to be fraudulent.
If you are wondering what information your appraisal should contain, here is the answer to your question.
The information contained in your appraisal is all the details that you need if you want to replace your jewelry and/or reimburse you for the retail value of it when you lost it.
The price of the premium for your jewelry is usually based on the city or state where you are residing in. If you are located in a major city, expect to pay more since the risks are higher there.
These are some of the few things you need to remember when getting your jewelry insured. Make sure to keep these pieces of information in mind when doing so for a great insurance experience.
Keep your jewelry safe (Image Source: Pixabay)
If you are looking for jewelry repairs found in jewelry stores in Colorado Springs, visit Lane Mitchell Jewelers or call (719) 632-1170 for more information.
