Do You Have Enough Jewelry Insurance?

Do You Have Enough Jewelry Insurance?

Your jewelry may be extremely valuable to you, and that is the exact reason why you should have the perfect amount of jewelry insurance.

A ring from your loved one, a necklace handed down for generations, a watch marking a special occasion. These items have more than monetary value, they have sentimental value. And while losing these items (due to negligence, theft, or other circumstance) can feel like money lost, it will be your heart that aches the most because of the value that you had attached to that particular item. Jewelry insurance can’t bring back the item that meant so much to you, but it can provide some fiscal comfort. So begs the question, do you have enough jewelry insurance for all of your jewelry?

  1. What does your current policy cover?
    Your homeowners insurance policy already covers some jewelry up to a limit. What is that limit? Additionally, home insurance only covers jewelry for fire, burglary, and other home-related incidents. What if a stone falls out or need it reset?
  2. What is your collection worth in the modern economy?
    To determine if you need insurance, you need to have a professional analyze your jewelry and appraise its worth. Only then will you know if the coverage for your jewelry is enough.
  3. Are there things that require additional coverage?
    There may a ring or necklace in your collection that’s worth more than most people’s car! A family heirloom that will certainly reach and even surpass your present coverage. It is a good idea to add more coverage to this piece to ensure that you, at the very least, get your money’s worth.

You should know if you have enough jewelry insurance. If this question makes you scratch your head and raise an eyebrow, we know your next course of action. Visit Lamburt Corporation Insurance for all of your homeowners insurance needs in Stratford, Connecticut. Contact us today for the insurance you and your home needs and deserves.