Many are shocked when told to ensure their jewellery. These days you can ensure just about anything, so why not something you value greatly and you paid a lot for like jewellery? Well that’s exactly what you need to do! Getting a good policy is important for achieving the best safety and replacement plan of your favourite accessories. You can relax and feel safe from theft and disaster if you have a good insurance policy.
The first thing you’re going to need to do is appraise the jewellery you wish to insure. This may not be needed if you have the receipt of the piece. Keep in mind that it’s essential to get your jewellery insured quickly. This is why some insurance companies will start the policy purchase process before the appraisal is done. Check if you can appraise your piece right from the initial purchase. Be careful, because some insurers may not allow your own appraiser to determine the value, but instead use their company appraiser for a better estimate.
Make sure the right insurance coverage is met in your policies. Before you sign anything, make sure certain requirements are met. Check if you can use your appraiser or is that service offered by the insurer. Know the requirements for loss and theft evidence acceptance. Get to know if the missing jewellery will be replaced with a duplicate, or repaid with a written check. Check who covers the travelling losses. And most importantly, see if your policy will only cover theft or will it cover damage and loss due to disasters as well.
Whichever policy you go for, you’ll certainly sleep easier with a calm mind that has one less thing to worry about. These items are usually small and as such they are often misplaced or easily stolen.