Insuring jewelry

[merekat703]

Hi, I want to get my jewelry insured but I don't know alot about it. I have proof of purchace for some of my items but some of my Tiffany pieces were gifts so I was wondering if the value stated on the TCo website was what I needed and a photo of the jewelry? What do I do for the items with out proof of purchase? Any help would be great. Same goes for my purses. TIA!

 

[jellyv]

You have to know what your policy is, and its additional cost for jewerly coverage, and its own specific requirements for documentation.

For a separate jewelry rider, it can be about $10 per $1k insured, and it does add up: so, if you insure $10k worth of jewelry you can expect to pay about $100/year. Maybe a little less. This is for no deductible, full replacement value

To me it makes no sense to insure below a certain value point, so figure that out. Example: it may not be a great idea to spend $$ to insure an item with a $100-$500 replacement value; over a few years you wind up essentially rebuying it.

Your insurer can tell you the cost and also what's needed for insuring (i.e., appraisals, which cost to get, or is a website link to its retail figure enough?).

 

[ame]

You need to insure it for replacement value. You will probably need to either provide receipts from your purchases or get appraisals for those that were gifts.

If you cannot afford to easily replace it, insure it. However many companies will not insure something valued below $250.

 

[Swanky]

There's a big thread about this in here if you run a search