Are you covered for the surge in gold & silver prices?

As a jewelry store owner or precious metal collector you may have taken notice of the increase in prices for gold and silver. This has ignited a sudden increase in the purchases of gold and silver by the public. From an insurance perspective this leads to the question, do I have the coverage I need today?

At Clockwork Insurance Services we can review your policies to ensure that you are covered for the additional costs involved should you have a claim during this higher market value time.

Don’t risk being underinsured. We are ready to customize a comprehensive insurance solution to safeguard your assets in these dynamic times. Take a look at our website for more specific information about jewelers’ block insurance options:

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Three Things You Should Know About Jewelry Insurance

If you possess a significant collection of exquisite and expensive jewelry pieces, it is paramount to consider securing specialized jewelry insurance. Clockwork Insurance Services offers comprehensive jewelry insurance policies tailored to your jewelry valuables.

The Limitations of Your Standard Homeowner’s Coverage

One common misconception is that home insurance or renter’s policy also provides coverage for your jewelry. Although technically true, there may be limited coverage for valuable items including jewelry, furs, and fine art. At clockwork we work with specialized carriers for these types of risks.

A Selection of Jewelry Insurance Options Awaits

Choosing jewelry insurance yields several options. Firstly, the coverage can be added as an extension to your homeowner’s policy. Alternatively, you can procure a standalone specialized insurance policy for your jewelry. Depending on the extent and worth of your jewelry collection, we can pair you with an individual policy or a blanket one. A blanket policy covers all your trinkets and baubles combined and is an excellent choice for multiple valuable pieces. However, individual coverage may better serve your needs if you only have one or two precious pieces.

Comprehensive Coverage for Damaged or Stolen Items

A jewelry insurance policy safeguards against the risks of theft and damage, ensuring you never lose out on your valuables’ worth. For instance, if your pearl necklace breaks, the policy could cover the re-stringing or repair costs. Some policies pay for a replacement if your jewelry item is stolen, while others may offer a cash out option. In addition to covering lost jewelry, most policies include mysterious disappearance coverage. This protects you when your jewelry goes missing under unknown circumstances—perhaps misplaced, stolen, or lost on commuter transit.

Place Your Trust in Clockwork Insurance Services for Your Jewelry Insurance

When you need jewelry insurance Clockwork Insurance Services stands ready to help. Our team of experienced agents ensures you choose the insurance policy that best adheres to your needs—a policy that brings an added layer of peace to all your precious jewelry possessions.

Flood Insurance or hurricane coverage what do I need?

In areas of the United States that are prone to hurricane’s, homeowners may be required to have flood coverage based on the zoning regulations in your area. Those not zoned to have high flood risk may want to consider adding flood coverage because your homeowners insurance may not be enough. Floods can occur anywhere and unlike homeowners or hurricane coverage, flood insurance will protect your property even if the area has not been declared a disaster by the federal government.

In states that are higher risk for hurricanes like Florida, Texas, Louisiana, North and South Carolina, Alabama, Georgia, Mississippi, New York and Virginia your homeowners most likely will have a higher deductible specifically for hurricane claims. Make sure to discuss options to lower your deductible or at least be prepared for the large deductible in case you need to make a claim. Your insurance agent can review your policy with you and assist you with this.

Peace of mind during any weather event is a top priority and taking the steps for preparation will ensure you have the protection you need. Steps you should take to prepare for a hurricane: 1. Have emergency water and non-perishable food. 2. Get a first aid kit and include at least a one-month supply of your medications. 3. Backup power sources to charge your phone and batteries for your flashlights. 4. Prepare a way to store and/or carry with you your important documents, i.e. medical documents, personal identification, wills, and insurance information.

Hurricane season officially begins on June 1st of each year so be sure to schedule a meeting with your insurance agent now to review your coverage and discuss options. Protecting your home is a step toward protecting your legacy.

Call us at Clockwork Insurance Services to discuss taking those steps to protect your legacy today at 504-262-8240