All About Jewelry Insurance

It’s pretty normal to experience some excitement whenever you acquire a new piece of jewelry. It can be intoxicating getting caught up in the sparkle, the beauty, and the feeling that comes with wearing new jewelry. But there is also the less interesting part, where you begin to worry about what might happen to your new acquisition. The Insurance Outfit in Chester, NJ provides jewelry insurance coverage to protect your expensive jewelry from risks of loss, theft, or damage. You already spent a fortune acquiring your jewelry, so ensure that if anything goes wrong, your jewelry can be replaced or fixed.

What Kind of Jewelry Should Be Insured?

It is recommended that you insure any and all jewelry pieces that you feel are of value to you. The term “value” in this sense does not necessarily imply cents and dollars, as it may also imply emotional value. As such, this can mean anything from custom-made pieces, watches, family heirlooms, and even wedding jewelry. With the proper coverage, you will be able to have the pieces replaced or repaired in case of any eventuality.

Jewelry Insurance: How Does It Work?

The policy works the same way as your other Chester, NJ insurance policies. Given that it has been specifically designed for jewelry, it generally covers more than your renters or homeowner’s insurance policy. An appraisal must, however, be conducted to determine its value. The main purpose of the appraisal is to make you and the insurer certain that in the event that a replacement or repair has to be carried out, you will have enough coverage for it.

You are welcomed to visit any of our offices for more information on jewelry insurance. Our agents at The Insurance Outfit will be able to address any concerns you may have regarding this kind of coverage.