Please ensure Javascript is enabled for purposes of website accessibility
 

Is Your Jewelry Listed on Your California Home Insurance Policy?

Is Your Jewelry Listed on Your California Home Insurance Policy?

wedding ring.jpg

Image Credit: Brandon Kidd Photography

Is Your Jewelry Insured?

Most California homeowner’s insurance policies provide very limited coverage for jewelry. If you only own a small amount of jewelry (say just a few hundred dollars), your homeowner’s policy basic coverage should be adequate. Jewelry is high-valued, easily lost, destroyed or stolen so if you own a number of valuable pieces, you need to seriously consider adding supplemental insurance that is attached to your homeowner’s or renter’s policy or you can buy a separate jewelry policy.

Some things you need to know about separate coverage are:

  1. Does the coverage consider jewelry values that increase over time?
  2. Does it cover mysterious disappearance (when you know the property is gone, but you can’t pinpoint when and how it was lost) and other causes of loss, or just fire and theft?

You need to educate yourself on your options with your insurance agent to make sure that you have the maximum insurance coverage for your jewelry.

Have Documentation

If you have just bought your jewelry, a store receipt or certificate should establish the insured value. Over time, the insured value needs to be reevaluated. You can get an appraisal from a reputable jeweler. This is a great way to insure that your jewelry is adequately protected.

Be Careful

If you own a number of expensive jewelry pieces, consider the following:

  • Get new appraisals every five years
  • Take photos of your jewelry from several angles
  • Consider a quality in-home security system, and a hidden vault
  • Be wise on when and where to wear your jewelry
  • Keep original receipts and all appraisals, to prove appreciation of value
  • Find out if your jeweler has access to “Gemprint,”, like fingerprinting for jewelry
  • Consider storing jewelry that is rarely worn in a bank security box

Share all of these with your insurance agent; it could reduce your premium significantly, Give Remland Insurance a call today at 714)532-3341 to add any special piece of jewelry to your current California home insurance policy or to obtain the proper coverage.

COVID-19

The COVID 19 virus has certainly changed our lives for the short term both at home and at work. Our office is working in compliance with state and local officials and their request to minimize contact with others for the short term so that we can shorten the life of this virus.
As such, our offices will be available by phone or by e mail 8-5 Monday thru Friday. If you need to make an appointment to come by, please call us before you drop by, so we can reduce risk, and take care of our staff and just be safe.
Please don’t hesitate to call us and if for some reason you can’t reach us, please look at our website for carrier contact information. Thank You for your continued business.

Contact us Call Us