Yes — we tend to be a bit repetitive about protecting your jewelry!
Sorry to bother our clients again about jewelry coverage, but every time we have a client that has a jewelry question we like to share the information with all!
Here are a few simple pointers to review if you own jewelry items that you would like to have insured:
- Home insurance policies have very limited jewelry coverage. If you own more than $2500 worth of jewelry items, you should consider adding additional jewelry insurance protection.
- Some specific jewelry items are not directly replaceable, so be sure to discuss appreciation and replacement rules when reviewing additional jewelry insurance options.
- If the item is particularly valuable, having an up-to-date jewelry appraisal completed is a smart idea. Over the past five years, gold prices have jumped nearly 50%.
- Insuring jewelry doesn’t mean that it should be locked in a safe. Once you add your jewelry insurance protection, feel free to wear your items and enjoy!
More questions about insuring your valuable jewelry items? We are ready for you!