Jewelry Insurance
Jewelry Insurance Quote Forms
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Jewelry Insurance Information
Your jewelry collection may be among your most treasured possessions. Engagement rings, family heirlooms and other precious items have both financial and sentimental value. With that in mind, being able to repair and replace them is of the utmost importance. Fortunately, jewelry insurance can offer essential coverage.
What Is Jewelry Insurance?
This type of insurance lives up to its name by specializing in protecting your jewelry. Homeowners may make the mistake of believing that because their homeowners’ insurance includes coverage for personal belongings that their jewelry is also adequately protected. But standard policies may not be sufficient. Fortunately, jewelry insurance can provide the additional coverage needed to insure your treasures.
What Does Jewelry Insurance Cover?
An adequate jewelry insurance policy can provide financial assistance for repairing or replacing your jewelry. This type of coverage can help pay for costs arising from many common incidents, including the following:
- Loss—If you forget a piece of jewelry, drop it somewhere or misplace it, your insurance can help pay to replace it.
- Theft—If jewelry is stolen from your home, vehicle, bag or off your person, your policy can cover the replacement cost.
- Damage—If you strike your jewelry against an object and it breaks or is otherwise physically damaged, your insurance may be able to cover the cost of repairs.
Policyholders should be aware that, in most cases, jewelry insurance does not cover tarnishes or scratches accrued over time from normal wear and tear.
How Much Does Jewelry Insurance Cost?
Like most types of insurance, the cost of adequate jewelry coverage will depend on your circumstances. In general, insurance providers may consider where you live and the total value of the pieces you want to be covered.
Get the Right Coverage
Your jewelry is not only valuable for financial reasons. Although protecting any investment with adequate insurance is necessary, this need may be even direr given the emotional attachment that you may have to certain pieces. Without jewelry insurance, you may lack the means to repair or replace precious possessions.
For over 80 years, the agents at Price Insurance have helped individuals, families and businesses in Lake Forest and the surrounding North Shore area assess and address their insurance needs with optimal coverage. Contact us today to get started.
Learn more by contacting us today at 847-234-0411.
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