Jewelry Insurance Tips
Insuring Engagement Rings and Other Fine Jewelry
You might be surprised to learn that your homeowner's or renter's insurance policy probably does not offer full coverage for your engagement ring and other fine jewelry. Your insurance policy probably covers jewelry theft, but not loss that occurs for other reasons.
Typical Insurance Policies
Renter's and homeowner's insurance policies set limits for the loss of certain categories of personal property, including jewelry. Homeowner's policies typically pay a maximum of $1,000 for jewelry theft. A renter's insurance policy might have a lower limit for jewelry loss--$500 is common.
Does your insurance policy cover jewelry loss for reasons other than theft--such as for lost or damaged items? Read your policy carefully and ask your insurance agent to clarify the types of losses that are covered on your standard policy.
Additional Jewelry Insurance
You can usually purchase additional insurance for your fine jewelry, but be sure to ask your agent questions so that you have a good understanding of the coverage:
- Is there a deductible? If so, how much is it and how does raising or lowering the deductible affect your policy costs?
- Is an appraisal required prior to obtaining insurance? Are there only certain types of appraisers whose reports are accepted?
- Are the items covered no matter where they take place? Would the policy cover you for a loss that occurs during domestic or international travel?
- Are items covered for full replacement cost? Must you replace the item, or can you obtain a cash settlement?
- Does the policy cover repairs to damaged jewelry?
These are a few helpful tips for you to keep in mind when it comes to insuring your jewelry.
http://www.romikajewels.com
POSTED BY Romika Johar AT 12/12/2007 3:53 PM
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MY PROFILE
Name: Romika Johar
Location: Markham, Canada
Romika Johar
Position:Director&Founder-Romika Jewels Inc.
My name is ROMIKA and I am a jewelry designer by profession. My company Romika Jewels was launched 2 years ago where I introduced a brand new line of products in silver jewelry. With my innovative designing I have tried to give a new meaning and direction to the look of silver jewelry and tried to give colours never before seen in the market.In today's market either you get expensive jewelry or jewelry of very low quality but nothing in between. Therefore I have launched my product line of variety where you get top most quality with expensive look at most affordable prices.
My designs have been chosen for Grammy and Oscars!!!!
With use of lots of semi precious gemstones like Rubies, Emeralds, Topaz, Amethyst, Peridot etc my silver jewelry pieces like Necklaces, Pendants, Earrings, Beads, Bangles etc get unbelievable colours and beauty that beome desire of many a women. I sponsor my jewelry to Canada's top entertainment TV show ET Canada! and it is worn by beautiful show hosts Cheryl Hickey and Rosy Edah. They have been wearing my silver jewelry pieces to various LA award shows, Tony awards in New York recently and that has given credits to enhance my client base. Women from diffrent walks of life and different origin have bought my silver jewelry which helps define my niche that my designs are face of every woman.
I was featured on the front page of Markham's top Newspaper "Economist & Sun" and they profiled me with an article as well. Also our local TV station York Television did a feature on me, as a jewelry designer, that will be televised in November 2006 as a 30 minute segment once a day for 7 days.
I design different pieces of highest quality in different finishes like Gold plated, Rhodium plated, Sterling silver. My jewelry line makes a perfect gift for you and your loved ones that they will cherish for a long time to come.
Email:romika@romikajewels.com
www.romikajewels.com
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