What is Jewellery Insurance?
Diamonds are forever- until your engagement ring slips off while swimming in the ocean!
Last week, many couples celebrated their love on Valentine’s Day with chocolate, flowers, or a nice piece of jewelry. But did you get jewelry insurance?
Jewellery insurance protects your valuable items from theft, loss, or damage. Although jewelry insurance is available on your homeowners’ or tenants’ insurance policies, it will often not replace the full value. It is important to discuss your current home policy with your broker to determine if your policy excludes jewellery and other valuables, or if there is a defined dollar amount.
Adding some pieces to your home insurance may be enough for some, but once the price tag of your jewellery collection exceeds a few thousand dollars, you may want to consider a policy specifically designed for valuable items. Jewellery insurance fills in the gaps left behind from your home insurance policy and is tailored to each individual piece. This can range from a brand new 2 karat diamond necklace to sentimental heirlooms. As with many precious and rare stones, jewellery also increases in value over time. It is important to re-evaluate your appraisal and coverage every five years.
What does jewellery insurance cover?
Our insurance providers cover all types of jewellery insurance, from engagement rings to earrings, watches, and other valuable pieces. No matter the type of jewellery you insure, you will be protected by our comprehensive repair or replacement coverage when jewellery is:
- Damaged – Your diamond cracks or breaks
- Disappears – It goes missing or is lost
- Stolen – You are robbed
Plus, your coverage includes worldwide travel.
Why work with a Merit Insurance broker
Our professional, experienced insurance brokers can help ensure your treasured pieces are protected.
We pair expertise with exceptional customer service. We can help you:
- Determine your insurance needs.
- Balance protection with your budget.
- Deliver competitive jewellery insurance quotes.
- Provide advice and act as your insurance and risk management resource.
- Advocate on your behalf and help you through the claims process.
Insured diamonds are a girl’s best friend. Talk to your Merit broker today to protect your valuable items!
