Insurance Coverage for Jewelry
Your jewelry collection has probably taken you years to build up. From the most sentimental pieces, such as your grandmother’s wedding ring, to simple treasured items, such as your collection of necklaces, chances are your jewelry box is worth thousands of dollars. If the unthinkable happens and you are robbed, would you be covered by your insurance?
While most homeowners insurance policies will provide coverage for your jewelry, it may not be enough. The personal property limits that are provided by home insurance policies have strict limits, and if you have any valuable pieces of jewelry, it is probably not enough coverage.
When it comes to properly insuring your jewelry, there are two main options. The first is to increase the personal property coverage limits that are provided by your home insurance. Keep in mind that while this will provide more coverage in a case of a disaster, it will not provide any coverage specifically for your jewelry.
The second option is to schedule your jewelry within your home insurance policy. When you schedule your jewelry, you will have specific protection for each piece that you list. Your insurance provider will require proof of the value of your jewelry, either with the copy or a receipt or appraisal if the piece is older, so that they can be sure to provide enough protection. As an added benefit, when you schedule your jewelry, you will get extra protection that is not provided by any other insurance policies, such as coverage for mysterious disappearance.
For all of your insurance coverage needs when insuring your jewelry, contact the insurance professionals at Young Insurance in Burbank, California. As an independent insurance agency, we will work with you to ensure that you have the right amount of coverage, all at the right price to fit your budget.