Should I Buy Insurance For My Fine Jewelry?
Monday, December 24th, 2007Yes!
Never make an exception on this question especially on a high-value personal property. Insuring high-value personal property is always a good idea, and your jewelry is no exception. Homeowner’s and renter’s insurance policies usually offer full coverage for jewelry theft, but not necessarily on damaged or loss jewelry. Carefully review your policy or have your insurance agent properly explain the coverage you have purchased. Depending on the value of your collection, you might consider insurance specifically for your jewelry. Ask whether this policy would cover unset gemstones and antique jewelry. Sometimes the insurance companies don’t cover such items, double check on that.