Jewlery Insurance

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#421
Sorry I just noticed that I misspelled the word "Jewelry ". It has been a long stressful day for me. I am missing my diamond stud earrings. Luckily, I found it, then I decided to write a post regarding Jewelry Insurance around 1am :-) Thank you again for all the information
 
#423
Hello TPF members,
Sorry if this thread is not placed in the right place! I have done a search but could not find a topic thread.

With everyone purchasing expensive fine jewelry & watches:

1) Which insurance company do you go through to insure your jewelry or watches?

2) Are they reliable and true to their word?

TIA!
 
#425
Hello

I recently had my engagement ring diamond reset and I'm having it appraised tomorrow for insurance purposes.

Compared to most of you, I don't have a lot of extremely valuable jewelry. However, I have three other pieces that I'm considering adding, specifically scheduled, to my insurance policy. They were all purchased over the last 10 to 15 years and cost approximately $1000 a piece. They are diamond studs, a diamond locket and a three stone diamond band.

Is it worth it to have them appraised and then put on my insurance policy? Are they worth enough? What do you have insured?

Any thoughts are welcome would be greatly appreciated.
 
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#426
BAGWANNABE said:
Hello

I recently had my engagement ring diamond reset and I'm having it appraised tomorrow for insurance purposes.

Compared to most of you, I don't have a lot of extremely valuable jewelry. However, I have three other pieces that I'm considering adding, specifically scheduled, to my insurance policy. They were all purchased over the last 10 to 15 years and cost approximately $1000 a piece. They are diamond studs, a diamond locket and a three stone diamond band.

Is it worth it to have them appraised and then put on my insurance policy? Are they worth enough? What do you have insured?

Any thoughts are welcome would be greatly appreciated.
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I've had most of my jewelry pieces insured by "Jewelers Mutual" since it was highly recommended by the person who appraised my jewelry! Are you insuring your insurance from home owners insurance? If so, you may want to double check what they will offer you in writing and in print, just in case of lost or stolen jewelry! If your going to have your jewelry appraised with the appraisals documents, then just insure them so you have piece of mind! With the value of gold, precious metals and diamonds going up in value, its best to have them appraised so you can be up to current value. There was that incident with the girl who lost her Cartier Love bracelet in less than a week or two and didnt have insurance! GL with your decision.
 
#427
My lower cost jewelry items are covered up to 7500, and I insure pieces worth more than that. So for example, if I lost 1500 earrings, I'd pay my deductible but they would pay the rest.
 
#433
Now that I am accumulating more items in my jewelry collection, I'm thinking of getting a insurance. I admit, I thought about it before, but I never bit the bullet....

So I need some advice! Do you guys put this on your house insurance? Do you have a separate jewelry insurance? I remember Blue Nile sending me an ad about it when I bought my diamond studs from there. How much does it cost? Is it even worth it? Any insight is appreciated :D
 
#434
Jadewah said:
Now that I am accumulating more items in my jewelry collection, I'm thinking of getting a insurance. I admit, I thought about it before, but I never bit the bullet....

So I need some advice! Do you guys put this on your house insurance? Do you have a separate jewelry insurance? I remember Blue Nile sending me an ad about it when I bought my diamond studs from there. How much does it cost? Is it even worth it? Any insight is appreciated :D
Click to expand...

I've done the house policy with a rider for specific pieces, but now I'm going to go with a separate jewelry policy issued by a company that specializes in jewelry alone. They were highly recommended by my jeweler.

For a personal articles floater (for a homeowner's policy addition), the cost is not insignificant, depending upon how much you are insuring and the values of the pieces.

Is it worth it? What would you do if all of your jewelry were stolen? What if your large diamond was somehow cracked? If an heirloom piece is lost, how will you replace it? If any of these bother you, then you should consider insurance. It's kind of the same as asking should you have insurance on any of your personal items or home.
 
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