When it comes to your jewelry, you want to make sure that you have the best protection possible. That’s why it’s important to have additional insurance coverage for your jewelry. Most homeowners’ insurance policies don’t provide proper coverage for your jewelry, so you need to make sure that you have a policy that does. In this blog post, we will discuss why you need additional insurance coverage for your jewelry and how it can protect your valuable possessions!
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What is jewelry insurance?
Jewelry insurance is a policy that provides coverage for your jewelry if it is lost, damaged, or stolen. It can provide peace of mind knowing that you are financially protected in the event of an unfortunate incident.
Why do I need it?
Most homeowners’ insurance policies don’t provide adequate protection for your jewelry. In fact, many policies only provide up to $500 in coverage for jewelry losses. That’s not enough to cover the cost of replacing your jewelry if it is lost or damaged.
Additional jewelry insurance can protect you from costly losses and give you peace of mind knowing that your jewelry is protected. It can also provide coverage for jewelry that is not covered by your homeowners’ insurance policy.
How does it work?
Jewelry typically works in two ways: it can provide coverage for the replacement cost of your jewelry, or it can provide a payout for the jewelry’s current market value.
Replacement cost coverage will reimburse you for the cost of replacing your jewelry if it is lost or damaged. This type of coverage is ideal for high-value jewelry, as it will provide the funds necessary to replace your jewelry with similar pieces.
Market value coverage will payout the current market value of your jewelry if it is lost or damaged. This type of coverage is ideal for older jewelry that may not have a high replacement cost.
Additional insurance can provide you with the coverage that you need to protect your valuable jewelry. Make sure to talk to your insurance agent about the best policy for you!
Jewelry is often an expensive and valuable item, so it is important to have adequate coverage in case of theft or loss.
Additional insurance can provide you with the coverage that you need to protect your jewelry and ensure that you are financially protected in the event of an unfortunate incident.
If you’re looking for additional insurance, make sure to talk to your insurance agent about the best policy for you! Policies typically start at around $200 a year and can provide peace of mind knowing that your jewelry is protected.
Finally
If you want to discuss options for jewelry insurance, please call us at 561-732-9305 our quoting hours are Monday through Friday from 8:30 AM to 5:00 PM. In addition, you can request a quote online. Please remember, We Handle All the Work, While You Save!
Robert Macoviak is the President of Oyer, Macoviak and Associates. Oyer, Macoviak and Associates is the oldest independent insurance agency in Boynton Beach and has been in business since 1953. Oyer, Macoviak and Associates are vested members of the community who are committed to doing business face-to-face and being your insurance advocate in times of need.
