Which jewellery insurance

Jewellery Insurance Benefits The benefits of your jewellery insurance will depend on the policy you choose, however, most providers offer general cover for loss, damage and theft, even while you travel overseas. How Does it Work? How to Get Jewellery Insurance When you purchase jewellery in-store from a Q Certified Jeweller , you can request a Q Report jewellery insurance policy right there before you leave the shop.

Revaluation With a Q Report policy, your insured items will be revalued at no charge to you every year so you can be confident that the insured value will adequately cover you for the next year. Making a Claim One of the biggest advantages of choosing to protect your jewellery with a specialised jewellery insurance provider is the level of service you receive in the unfortunate event that you need to make a claim. Having had this experience, all of my jewellery in future will be insured with Q Report.

Chapter Contents Jewellery Insurance vs. Home and Contents Insurance Jewellery Insurance vs. Jewellery Insurance vs. Travel Insurance Travel insurance is a must while you explore overseas, but is it enough to protect your valuable jewellery? Again, you really need to read the fine print or speak to your insurer.

Do You Need Jewellery Insurance? Chapter 3 Finding the Best Jewellery Insurance. And for clarity, here are our answers from Q Report: Q. What is the excess if I need to make a claim? Do you offer free revaluation?

Yes, we revalue your insured items every year at no charge to you. Is my jewellery covered while I travel overseas? Who underwrites your insurance policy? Chubb Insurance Australia Limited. Can you provide free, instant quotes? Yes, you can get a quote here at any time. Do I deal with you directly if I need to claim, or is it a third party?

Do you have a history in the jewellery industry? Do jewellers recommend your product? Can you provide some customer reviews? Find out how little it can cost to protect your jewellery with Q Report Get an instant online quote today. Jewellery Insurance Instant Quote. Get an Instant Quote. This comes from two main sources. First , we provide paid placements to advertisers to present their offers.

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The comparison service on our site is provided by Runpath Regulated Services Limited on a non-advised basis. Forbes Advisor has selected Runpath Regulated Services Limited to compare a wide range of loans in a way designed to be the most helpful to the widest variety of readers. Jewellery insurance is cover to financially protect your valuable items such as rings, necklaces, watches and earrings, should they be stolen, destroyed or damaged.

In the event of a claim, your insurer will usually replace or repair your jewellery, or offer a cash settlement or voucher. If you have contents insurance, it should cover your personal belongings if they are damaged, stolen or destroyed in your home. If you have several items of value, there may be an additional aggregate limit on how much you can claim in total. Note that this single-item limit applies to any possession, not just jewellery.

Standard home contents insurance policies may not provide cover for jewellery that is stolen or damaged if you take it away from home, so check your policy carefully. The items insured will differ between policies, but rings including wedding and engagement rings , watches, bracelets, necklaces and earrings are typically covered by jewellery insurance.

When you come to make a claim, you may need your receipt or valuation certificate. It may also be worth taking photographs of your jewellery to help with a claim. The cost of your contents insurance overall will be determined by a number of factors including where you live, your claims history and the security measures you have in your home.

It will also take into account the high-value and higher risk items you add on to your insurance, such as your jewellery, with the more high-value items you add generally meaning the higher your premium. Making sure that you accurately know the cost of your jewellery will help you to avoid paying too much as, if you overestimate its value, you may end up paying more than you need to.

On the other hand, if you underestimate it, you might lose out financially in the event of a claim. If you buy your contents insurance and buildings insurance from the same company, you may get a discount — but make sure this actually saves you money by comparing policies from different companies too.

This coverage is even good for natural disasters, and you can cancel any time within 30 days of your policy for a full refund. There are also no hidden service fees or charges involved in buying this coverage. You can also file a claim online and benefit from free shipping protection. In terms of cost, Zillion's quotes are competitive, and we recommend them if you're looking for an affordable option. Chubb offers an agreed value feature that promises the cash value of your settlement will be an amount declared ahead of time.

Chubb has also been in business in some capacity since , so they have incredible longevity within the world of property and jewelry insurance. Chubb Valuables Insurance works for jewelry and other expensive items you own and want to protect.

You will likely want to get an appraisal for your jewelry ahead of time if you want to ensure you receive your item's full value. Jewelry insurance policies from Chubb can also be purchased with no deductible.

One major downside of Chubb is that you need to work with an independent agent to get a quote for your policy. That makes it considerably more difficult to shop around and compare pricing from more than one provider. The cost of their policies falls in line with others in our ranking. GemShield is best for new jewelry because they don't require an appraisal for newly purchased pieces and will insure jewelry based on receipts.

GemShield offers automatic coverage for new jewelry but also covers other pieces. Another benefit of GemShield is the fact that you can use your own jeweler for replacement or repairs. You can also tailor your coverage to your needs, including the option of no deductible. With a positive reputation and years of industry experience, GEICO offers multiple types of insurance policies with bundling discounts. While GEICO and its gecko mascot may only come to mind when you think of auto insurance , this provider also offers insurance for individual jewelry pieces.

Fortunately, this is yet another provider you can count on and trust. Consumers may be eligible for discounts when bundling policies together. When it comes to jewelry insurance, GEICO lets consumers apply for a free quote online and get coverage in a matter of minutes. With that in mind, you should get an appraisal for all jewelry you plan to buy insurance for. All of the companies that made our list of best jewelry insurance companies are reputable with longstanding industry histories.

Some companies are known for their high maximum policy limits, others cover jewelry around the world, and others specialize in insuring new pieces. However, we recommend checking out Jewelers Mutual Insurance Group. The company offers plans that cover your jewelry during all major perils and they offer convenient online quotes.

Before deciding if you need a jewelry insurance company, you should assess what type of homeowners or renters insurance you already have, the policy coverage, and also consider your jewelry collection. When comparing jewelry insurance companies you want to keep several things in mind such as the reputation of the company, its reviews, and how long it has been in business. Additional factors to consider include:. This can usually be done online or over the phone.

You may need your current homeowners or renters insurance policy information and you will also need your Social Security number, valid photo identification, and information on where the jewelry will be kept. For example, if you own the home, travel with expense pieces, or keep them in a safe.

E-payment via credit card is usually preferred, although some companies allow you to mail a check. You might also be able to manage your policy online or through an app. Like other types of insurance for a boat or a car, jewelry insurance is a financial product that provides coverage for the item at hand. With jewelry insurance, you can pay an annual premium for a policy that protects your jewelry against damage or theft.

Policies often have a deductible, but some jewelry companies offer this coverage with no required deductible. Homeowners insurance often includes a personal property component that includes jewelry.

However, the way homeowners insurance is set up can make the coverage for jewelry less than optimal and expensive to use. A homeowners insurance deductible might also apply, which could wipe out the value of the policy entirely. This is why many consumers prefer to buy separate jewelry insurance coverage that is specific to their collection.

They can purchase an amount of coverage that will make them whole in the event of a loss this way, and they can choose their deductible and other policy details. Jewelry insurance typically includes any loss, including damage or theft.

This can include a mysterious disappearance, which is any situation where your jewelry is suddenly missing without an explanation. Jewelry insurance does not typically include damage from wear and tear or intentional acts. Coverage can vary in terms of pricing and scope. If you choose a policy without a deductible and with full replacement value, you can expect to pay higher premiums. The process involved in filing a jewelry insurance claim depends on where you purchase your policy.

Most jewelry insurance providers also let their clients file claims over the phone. Either way, you should expect to provide information on the date of the loss and what exactly happened to your jewelry. You will also need to provide your policy number, your name, and your contact information.

Your jewelry insurance company will investigate your claim, and you may be asked to answer some additional questions and provide more supporting evidence.