Jewellery Insurance
Insure your Jewellery collection with Jewellery Insurance
Whether you have a large collction of jewellery or just a few items, your jewellery is bound to be important to you. It is therefore important that you get the appropriate jewellery insurance for your collection.
The following is a brief guide to help you review your jewellery insurance policy, and make sure you adequately cover your items of jewellery by taking out the right policy. Jewellery items are usually covered by contents insurance policies and these normally you with cover for the contents of your home.
However Household Contents insurance policies are often not enough to rely on against theft of jewellery from your home and therefore it may be necessary to take out a sperate jewellery insurance policy.
There are a wide range of insurance policies available which vary from the basic and inexpensive cover options through to policies that offer generous cover against nearly every type of loss. A personal possessions policy, also known as an all riisks policy, is a good idea as it covers all types of theft and accidental losses.
As with most insurance policies, a Standard Personal Possession policy will have a high value limit above which items must be specifically declared and insured so it is important to get correct valuations before you take out a Jewellery Insurance policy.
When getting a valuation, make sure that is in writing and from a reputable jeweller. The valuation should include an exact specification of the item, its stone setting, gold setting, and diamond colour, clarity and carat. This valuation should be signed and certified for the purpose of Jewellery Insurance.
And of course remember to have your jewellery re-valued at regular intervals as Jewellery Insurance companies will only pay out the value that was stated on the last valuation.
