A standard homeowner’s insurance policy may not provide adequate coverage for your treasured possessions.
In fact, homeowner’s insurance provides limited coverage for jewellery and similar items — just a few thousand dollars, typically — and that’s after you’ve covered your deductible.
Some other important factors to consider:
Rings, necklaces, watches and other luxury goods are the items most frequently cited in claims.
The value of gold and other precious metals has increased over the past 10 years. Even if your jewellery is insured, it may be undervalued.
You should reappraise items every two to four years to ensure that your coverage is adequate and their fair market value is reflected when you need to file a claim.
Peace of mind you deserve
Although nothing can truly replace the sentimental value of a cherished ring, necklace or other personal article, jewellery insurance can at least reimburse you for the financial loss.
We can help you determine the type of policy that is right for you, whether you schedule individual items or opt for blanket coverage. Either way, when an article is lost or stolen, its monetary value will be covered.