Insuring Jewelry

Insuring Jewelry

Art Glasgow, Peck-Glasgow Insurance

Whether you just received or purchased a nice piece of jewelry or you have an extisive collection, it is prudent to insure them against the risk of loss.  Jewelry insurance can be purchased in a stand alone policy, or can be added by endorsement to your homeowner policy.

By scheduling your jewelry on your homeowner policy, you have coverage against the risk of loss which is not covered by the base policy.  A good settment option for insuring your valualbles is known as the Agreed Value option.

Note:  The Agreed Value settlement option means that the amount of insurance designated for each article is agreed to be the value of the article.  If the jewelry is lost or stolen, payment of that agreed value would be made.  It is important that amount of insurance agreed to is supported by a detailed appraisal less than one year old for each jewelry item insured on an Agreed Value basis.  An appraisal must be specific in its description and completed by a licensed gemologist. 

Please make sure your valuable possessions are properly insured.  Call or stop by our office to discuss if your jewelry needs to be insured.