Nothing says love like a special gift on Valentine’s Day. If you’re gifting your better half with a beautiful bauble, remember that you will need to let your insurance agent in on the secret so they can add your gift to your valuables policy.
“The right insurance can replace your fine jewelry or watch if they are stolen, lost or misplaced”
Here are a few reasons to reconsider:
● If something happens to your jewelry, you’ll want to be able to replace it. The right insurance can replace your fine jewelry or watch if they are stolen, lost or misplaced, or simply pay the listed value. Be aware that some policies only pay to replace a stolen items thru the insurer’s jewelry wholesaler, not a good choice.
● Your homeowner’s insurance may not cover your jewelry. You may think that your homeowner’s policy will cover you if your jewelry is stolen, lost or misplaced. That may not be the case. Typical homeowner’s policies cover jewelry only if it is stolen, not if it is lost or misplaced. And most have a maximum limit! So if your jewelry costs more than that limit, you won’t be able to replace it with a similar item. A policy rider listing individually jewelry and other valuables, will provide “all-risk” coverage for most causes of loss, with no deductible. That means, if you break an item, lose it, can’t find it, or it’s stolen, you’ll receive a benefit immediately, up to 150% of its value, so you can purchase another one exactly like you had.
However you choose to celebrate Valentine’s Day this year, reach out to your agent to discuss protecting your jewelry and give you the peace of mind you need.
Contact Kyle at firstname.lastname@example.org or call 203.698.9342.