Congratulations-you got engaged! Now you have a beautiful new diamond ring-but what happens if it gets damaged or stolen? What about your nice watch, gold earrings, or heirloom necklace? It is much easier than you might think to insure these items and put your mind at ease. Though a number can’t be put on sentimental value, insurance is a great way to honor the importance of your jewelry.
Before deciding on a policy, be sure to ask many questions about your specific piece of jewelry. How will it be replaced? How does the policy work with antique jewelry? What is the claims procedure? What happens if the ring is not lost, but damaged?
Have an appraisal done of your jewelry pieces – some may be worth much more than you realize! This will also help the insurance company find the right policy for you.
The cost of your policy will vary, based on the deductible and value placed on your jewelry.