Does Your Jewelry Have Enough Coverage?

Does Your Jewelry Have Enough Coverage?

Extra jewelry coverage in Orange is necessary if you want to ensure that all of your jewelry is covered under your homeowners insurance policy. 

The ring from your spouse. A necklace handed down through countless generations. A bracelet or watch that marks a special event or occasion. These are all pieces of jewelry that you consider to be filled with value, perhaps monetary but also sentimental. And every reason for which you treasure one of your pieces is another reason why it should be insured. Here are a few things you need to know in order to assure that you have the proper coverage for your jewelry.

What your existing policy covers.

Your homeowners or renters insurance already covers your jewelry, that much is true. But for how much? And from what damage is it covered? A typical home insurance policy will only cover your jewelry from fire, theft, vandalism and other things like that. It won’t cover for a loose stone or other everyday damage.

The value of your current collection.

If the jewelry coverage in Orange is lower than the total cost of your collection, you may want to consider extra coverage. Hire a professional to appraise your collection, that way you will know if you require additional coverage.

Know which pieces require additional coverage. 

Perhaps the only reason that your insurance coverage is not enough is only because of one or two valuable pieces of jewelry. You can insure high-priced items individually with a “rider” or “endorsement” policy.

A quality home insurance policy covers your jewelry from not only the basics, but everyday jewelry-based damage. But, a home insurance policy is only good if you know how to use it to serve you, not the other way around. Call Remland Insurance today for additional safety information or to update your California home insurance policy in Orange County and surrounding areas – 714.532.3341