Your jewelry could be stolen or damaged without the right precautions in place to keep each piece in your collection safe. One way to protect your investment is by obtaining an insurance policy specifically designed to cover diamonds and other valuable designer pieces.
Jewelry Insurance
Personal jewelry insurance provides coverage for jewelry at risk of theft or damage. This type of insurance can cover a single item or an entire collection.
Theft Incidents
Jewelry can be stolen from your home or while you’re away on a business trip or vacation. If you tend to store your jewelry somewhere that’s frequently unattended, that risk is worth taking seriously.
If a theft occurs and your jewelry is covered under an insurance policy, you may qualify for a replacement of the stolen pieces, typically at a value matching the originals.
Accidental Damage
If your jewelry is accidentally damaged, its overall value could be seriously affected. Dropping a piece, chipping an embellishment, or improperly cleaning something can all affect the value of your investment. Personal jewelry insurance that includes accidental damage coverage can help pay for repairs or replacement in these situations.
Jewelry Appraisal
Before taking out a personal jewelry insurance policy, it’s important to have your pieces professionally appraised. An appraisal establishes the current value of each item you own, which helps ensure your coverage accurately reflects its worth.
Insurance Documents
Contact one of our agents at Clockwork Insurance Services to learn more about jewelry insurance. An agent serving Metairie, LA, will ask about the jewelry you own and prepare your insurance documents once you’ve selected the amount of coverage you prefer.
