A sparkling gemstone hanging off your neck or ring finger has its own charm that commands attention. This makes it crucial to have specialized coverage to guard against potential damage or theft of your treasured jewelry pieces. The team at Clockwork Insurance Services can help you secure your collection separately.
Creating Your Own Jewelry Insurance Policy
Many homeowners’ insurance policies fail to cover policyholders’ high-priced possessions adequately. Instead, crafting a customized insurance policy that caters specifically to a jewelry collection can be highly beneficial. It could cover damage, loss, and theft and allows you to set the terms and conditions of the coverage provided and choose which jewelry pieces to insure. With this, the coverage provided corresponds with the repair level required for everyday use and protects against theft by a family member or house guest.
Eliminating Insurance Policy Coverage Gaps
A dedicated jewelry insurance policy helps you retrieve the actual value of your pieces if they are damaged, lost, or stolen. Jeweler’s market value can fluctuate, necessitating proper appraisal of your collection to ensure there are no policy coverage gaps. You can recover the actual worth for jewelry repairs or replacement with accurate appraised value.
Customizing Antique Jewelry Coverage
A standard homeowners insurance policy often imposes limits on the coverage provided for antique jewelry. To ensure full value recovery for your antique jewelry pieces, it’s best to customize separate coverage. A detailed description and the current market value of the piece, authenticated by a certified gemologist, can help you get the right coverage value.
Considering a separate insurance policy for your jewelry collection is beneficial. Allow Clockwork Insurance Services to construct a policy that best suits your insurance needs. Call and schedule an appointment today.
