Jewelry is more important to you than perhaps any other possession. Necklaces, heirloom rings, brooches containing precious stones—they not only have a lot of monetary value attached, but they also have significant meaning to you personally. You want to protect and preserve them, and to do that, you will need the essential protection offered by jewelry insurance.
If you are looking for jewelry insurance in Parma, Cleveland, Independence, North Royalton, then just come to Hixson & Malinowski Insurance Agency. We are committed to helping you protect these coveted items in all of the best ways.
What is Jewelry Insurance?
Standard homeowners insurance often does not provide adequate possessions coverage for jewelry of value, which is why specific jewelry insurance is essential for anyone who has pieces they want to protect. It will provide coverage for nearly all types of jewelry, including necklaces, bracelets, earrings, rings (and wedding sets), watches and more.
Generally, it covers you against numerous circumstances, including:
Damage (Your necklace accidentally snaps and needs significant repair)
Loss and disappearance (Your wedding ring vanishes without a trace despite all your best efforts to find it)
Hazard loss (a fire damages your home, and several pieces are burned beyond repair)
Theft (Your house is broken into and your high-end watch is stolen)
Jewelry coverage is not the same as jeweler warranties, and in many pieces they are far more extensive in what they will cover, and affordable, too.
Do I Need Jewelry Insurance?
If you have a piece of jewelry that is particularly valuable to you, then you are strongly encouraged to buy jewelry insurance. It will always be a fraction of the cost value of the items themselves, and will help you save significant money in case of an unfortunate loss of property.
Many people buy their jewelry insurance through a stand-alone policy. Others, however, add specific pieces to their homeowners or renters insurance policies as endorsements. The latter is an efficient way to insure individual items against loss. However, there will be limitations attached to scheduled items riders, which is why a separate jewelry insurance policy will be better for those who have items of particularly high value that they want to insure against a greater number of loss scenarios.
In certain cases, jewelry insurance policies can cover worldwide travel or offer discounted premiums for storing your jewelry in a bank vault. It’s important to speak to an agent at Hixson & Malinowski Insurance Agency to understand what jewelry insurance options are available for you.
Losing a valuable piece without any recourse can be catastrophic. Contact us for a free jewelry insurance quote today to make sure your valuables are protected.