WHAT YOU SHOULD KNOW ABOUT INSURING JEWELRY:
You may need to purchase additional coverage. Your homeowners policy covers valuable items such as jewelry only up to set amounts. If the cost of replacing your jewelry exceeds that limit, you will want to purchase scheduled personal property coverage. You can check your policy or give us a call at 610-355-9400.
Do you need an appraisal? You may need to have an independent appraisal if the insurance company requires it or if you don’t know the value of your jewelry. Each item should be listed with a description and value on paper.
What kind of coverage is offered? You’ll want to determine if items are covered no matter where they are, whether they’re in Pennsylvania, or on an international trip, and if the policy offers full replacement cost.
Pictures can be helpful. Lost or stolen pieces of jewelry sometimes can be recreated if the jeweler has a good photograph to work from.
Is the value of your jewelry mainly sentimental? Is an item irreplaceable? If the answer to either of these questions is “yes,” you might consider foregoing insurance. But please, talk to us at 610-355-9400 before making that decision. That’s what we’re here for.