We can become emotionally attached to our prized possessions, as it can bring back fond memories, and if we were to lose or have our valuables stolen it could be devastating.
If you have Jewellery, you should make sure that you take out the correct Insurance for it.
Tips for Purchasing Jewellery Insurance
The most clear and suitable way to have your Jewellery Insured is to add it to your Home Contents Insurance.
Your Contents Insurer will often add the cover to your policy for an additional premium.
It is really important to confirm that the Jewellery is Covered correctly and the cover meets your personal needs.
For example, by adding Jewellery to your Contents Insurance Policy it may not necessarily cover the item(s) once they leave your property. If you frequently wear the Jewellery or want it Covered out of your home, you will need to check that your Policy is covering
you for this.
You may have seen the term ‘personal possessions’ on your policy – this is where you can cover items such as Jewellery away from the property.
Your policy could come with unspecified Personal Possessions Cover, however, sometimes this cover comes with ‘inner limits’ and ‘single article limits’, this means if you have a piece of Jewellery that is more expensive than this, you could potentially not be fully covered in the event of a claim.
It is our view that you are always better off if you specify the items or at least list them for the Insurer and let them decide whether the items can be covered under unspecified possessions or whether they need to be noted on the policy.
One final point, take some photos of yourself with or wearing the Jewellery, which always helps verify you owned it if you have a big loss and don’t have proof of purchase.
Free review of your Jewellery Insurance
Contact us today for a free and no-obligation review of your Insurance – we may be able to improve your cover, your premium, or both!
Evans Insurance Brokers – Jewellery Insurance Brokers in Essex, serving clients throughout the UK