What to Know About Jewelry Coverage - Temecula Insurance Agency - Carver for Auto, Home, Life & Health

What to Know About Jewelry Coverage

What to Know About Jewelry Coverage

Your collection of jewelry is something that you should protect, and jewelry coverage helps do just that. 

A necklace handed down through the generations. A watch or bracelet marking a special occasion. Or a ring from a loved one. Every reason that you treasure your jewelry is a reason to get it insured. You don't have to go out and purchase a separate policy, you just have to make sure what your personal property coverage from your homeowners insurance is. In order to know if your home insurance gives you the proper coverage, you should call your agent to review your policy. Here's what you need to know about jewelry coverage. What does your existing policy cover? Personal property coverage insures your jewelry collection, but only up to a limit. The policy only covers for damages done to your jewelry like fire, theft, vandalism, et cetera. And while it is important to be covered for these kinds of damages, it doesn't cover jewelry-related incidents like a loose stone falling out of its setting. How much is your current collection worth? You need to understand how much your jewelry is worth in case you have to file a claim. Hire a professional appraiser to get an idea of how much your collection is worth to get an idea of how much coverage you need. Why items require additional coverage? Perhaps only one or two items in your collection need extra protection because of their value. If your collection surpasses your coverage, you need to increase your policy to match your needs. You can add a rider policy to ensure that your jewelry has the right coverage. Your jewelry needs to be covered in order to give you some financial security. Contact the insurance professionals at Carver Insurance Services, Inc. for all of your home insurance needs in Murrieta, surrounding areas, and California!

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