Jewlery Insurance

TPF may earn a commission from merchant affiliate
links, including eBay, Amazon, and others

#196
I think almost all companies will want a receipt/appraisal/pictures or some combination of the 3.

Have you looked into JIBNA, Jeweler's Mutual, or any other company that strictly writes jewelry only?
 
#198
Our current one didn't, but I do have everything in case they need it. Since I had to rebuy everything except my ering/wedding bands, I just kept the receipt/box it came in and took pics. Do you guys keep the receipts in the boxes the jewelry came in or put all together somewhere?


queennadine said:
I think almost all companies will want a receipt/appraisal/pictures or some combination of the 3.

Have you looked into JIBNA, Jeweler's Mutual, or any other company that strictly writes jewelry only?
Click to expand...
 
#199
Thanks, I just did an online quote with them and it was really reasonable. Am going to call to see if they do unscheduled jewelry (the online form was only for scheduled jewelry.) I would prefer to keep our current insurance since they treated us so well in the claims process. That is hard to find from what I hear.


ame said:
Jeweler's Mutual is a good option if Chubb won't work. They do jewelry only. But ALL of these companies will require appraisals, photos, etc.
Click to expand...
 
#200
I've been looking into getting a policy for my jewelry too. But, nothing is appraised. How much would getting the stuff appraised cost? Isn't it like $50-100 per item or somewhere around there?
 
#201
Roughly. Depends on the appraiser. My local one in STL charges by the hour, not by the item. She can do say 2 rings in an hour. She does it WITH YOU, you don't just drop it off. But she mails you the final report. Or you can pick it up, usually within a week.
 
#202
I'm a broker, and I also vote for a separate policy whereby your jewlery items are scheduled. If you were to take the blanket limit, you risk not having anything paid for; if you go to another insurer with higher blanket limits, you may be paying more for premium.

Keep in mind, also, that relationship counts - the longer you stay with an insurer, oftentimes it will benefit you in the long run.
 
#203
I paid $75.00 to have the cocktail ring my mom gave for my bday appraised. It really depends on where you take it. The insurance companies do need one though that is within a year from starting the policy.


elizat said:
I've been looking into getting a policy for my jewelry too. But, nothing is appraised. How much would getting the stuff appraised cost? Isn't it like $50-100 per item or somewhere around there?
Click to expand...
 
#204
Do you suggest keeping receipts all in one place or with the boxes the items contained? I started saving receipts after our burglary and put them into each individual box the items purchase came in. Is that good or should I keep them all together in a photo album or something like that?


Purse_Obsessed said:
I'm a broker, and I also vote for a separate policy whereby your jewlery items are scheduled. If you were to take the blanket limit, you risk not having anything paid for; if you go to another insurer with higher blanket limits, you may be paying more for premium.

Keep in mind, also, that relationship counts - the longer you stay with an insurer, oftentimes it will benefit you in the long run.
Click to expand...
 
Last edited:
#206
I have Chubb, they are more expensive but this is what my insurance agent recommends. Separate riders on each item. All jewelry with current appraisals, luckily I have all the GIA specifics and most of the larger stones are lasered. I keep all my jewelry info in a safe.
 
#207
What dollar amount per item do you think needs to be insured? My Yurman bracelets and Yurman rings are under $500 each, as well as Hardy, Lagos, and a couple Tiffany things. If my watches are in a safe deposit box, do you think they should be insured as well? Do people insure Michele watches or Tags that are around $1500? My e-ring has a rider attached to Homeowners and I believe there is a small amount of coverage for the less expensive pieces as well. But I don't know if it is worth running around getting appraisals and pictures for those items less than $500 or $1500. What do you think?
 
#208
The insurance company told me two things; if you don't have the receipt, then you must have an appraisal, and also that if the item is worth over a certain amount it must be insured separately. They also advised me to get photos of me wearing all my jewellery.
 
#209
Ya, I made a binder with all of my receipts got stuff purchased since the burglary (a lot of it is replacement items.) Separated them with dividers for shoes, bags, jewelry, and sunglasses since those are the items that are the most valuable and subject to being stolen. Hopefully now that I am prepared, we will never be robbed again. Now matter what though, I am going to keep up with this binder so all of my receipts will be organized.
 
#210
I am only insuring items separately that are valued over $1500. My homeowners policy only covers that amount in unscheduled jewelry. That is fine for all of my earrings and costume jewelry. For my ering/wedding bands, and the diamond cocktail ring my mom bought me for my bday, I am in the process of scheduling those with a separate policy. This will cover them for their full retail replacement value. In the future, I will add items to my separate jewelry policy if the value is over $1500.



Hokaplan said:
What dollar amount per item do you think needs to be insured? My Yurman bracelets and Yurman rings are under $500 each, as well as Hardy, Lagos, and a couple Tiffany things. If my watches are in a safe deposit box, do you think they should be insured as well? Do people insure Michele watches or Tags that are around $1500? My e-ring has a rider attached to Homeowners and I believe there is a small amount of coverage for the less expensive pieces as well. But I don't know if it is worth running around getting appraisals and pictures for those items less than $500 or $1500. What do you think?
Click to expand...
 
You must log in or register to reply here.
Top