Insuring your jewellery
Jewellery is not just a once off purchase, it is a life-long investment, one that you can pass on to future generations as a memento. The luxury that comes with owning such valuables can often lead to sleepless nights and worrying times, should you not have the appropriate cover against theft or loss. Insuring your valuables to provide you with a maximum return, should you lose them, is absolutely vital.
Many people still look past just how important it is to insure their prized items against loss and theft. This can include having the wrong cover, under valuing their items, and even having no cover at all. There is also a popular myth that jewellery is covered by general home and contents policies. We suggest that you check the policy with your insurance provider. Talk to them, and make sure that you have the right cover on your valuables.
How to insure your jewellery
Insuring your jewellery in Australia is done in a very precise and scientific manner. Your insurer will go to great lengths to find out the accurate value of your jewellery items. However, these providers can struggle to offer you complete independence of their own jewellery valuations. Independent jewellery appraisals are important, as they will provide you with an impartial assessment of your most cherished items.
Below are some tips to follow when looking for an insurance policy, which will give you the best value. These tips basically mean that you have to shop around, so to speak, for the most affordable and effective cover on your jewellery items and effects. These tips are:e:
- Have your jewellery valued on a regular basis with an independent jewellery valuer.
- Make sure that your jewellery is completely covered when looking for policies.
- Compare the prices of personal valuables insurance.
- Ask your providers about the particulars that make up your policy, such as replacements and the repayment limit if it is stolen.
If you have any further questions about insuring your valuables, or what is considered as a good insurance policy, we’ll be more than happy to help.
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