Jewelry can hold significant monetary and sentimental value. If you own treasured items such as necklaces, earrings, watches, bracelets, rings or precious stones, you need adequate insurance to financially protect these possessions.  

The experienced team at Halkos Insurance Agency in Laurel, Maryland can help you get the insurance that provides coverage that best suits your needs. Contact us for more information.  

What is Jewelry Insurance? 
Jewelry insurance is a specialized policy that can provide essential financial protection for various types of jewelry. The coverage that a typical homeowners or renters insurance policy offers often does not provide adequate coverage for high-value jewelry.  

Additionally, a standalone jewelry policy can offer advantages over adding an endorsement to your standard insurance. For example, with a separate policy, you may be able to avoid making claims on your homeowners or renters insurance for jewelry losses. 

How Does Jewelry Insurance Work? 
Jewelry insurance functions similarly to other insurance policies: The policyholder pays a premium to an insurer for coverage against losses to the insured items. Multiple pieces of jewelry may typically be insured under one policy, but policies may require appraisals or other documentation to establish their value. When losses occur, policyholders may work through the claims process to receive their payments.  

What Does Jewelry Insurance Cover? 
Generally, jewelry insurance covers you against numerous circumstances, such as the following: 

• Accidental damage 
• Mysterious disappearance 
• Losses due to cover perils (e.g., fires and floods) 

Jewelry insurance may provide financial assistance after these events to repair or replace your items or help you recuperate your losses. A policy’s protection typically follows the pieces and can provide coverage as your travel. Contact our agents for additional details on limits and exclusions and how settlements are calculated. 

How Much Does Jewelry Insurance Cost? 
The cost of jewelry insurance depends on several factors including the value of the items you insure and your selected coverage limits. How you store your jewelry (e.g., in a bank vault) may also impact premiums. Reach out to our agents for a quote. 

Contact Us 
The professionals at Halkos Insurance Agency at ready to help you get the optimal jewelry insurance. Contact us today to get started. 

 

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