Basic Accurate Information About Jewelry Insurance

Some home  owner insurance are completed with jewelry insurance as well. But many home owner insurance do not cover jewelry insurance at once. Therefore, you can usually purchase additional insurance to protect your jewelry from loss. In this case, you need to know and understand some basic and accurate information about jewelry insurance. In this section, Insusite answers the need of this insurance information by compiling basic accurate information about jewelry insurance. However, there are some things your need to always keep in mind concerning

these questions so that you have a good understanding of the coverage of jewelry insurance:

1. Is there a deductible? If so, how much is it and how does raising or lowering the deductible affect your policy costs?
2. Is an appraisal required prior to obtaining insurance? Are there only certain types of appraisers whose reports are accepted?
3. 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?

4. Are items covered for full replacement cost? Must you replace the item, or can you obtain a cash settlement?
5. Does the policy cover repairs to damaged jewelry?

Jewelry Insurance Options
The Chubb Group provides insurance specifically for jewelry. The company offers policies through independent insurance agents and jewelry retailers. Here's a brief description of Chubb's engagement ring policy guidelines:
    Full coverage for the itemized amount shown on the policy.
    No deductible.
    Coverage applies worldwide for lost or stolen rings.
    Replacement is not required, Chubb offers a cash settlement. If you do replace the ring, you select the jeweler.

Chubb recommends an appraisal for all insured jewelry, but only requires an appraisal for items valued over $50,000. Chubb does not offer coverage for loose diamonds. Talk to an agent for more information about Chubb's jewelry protection policies.

Jeweler's Mutual
Jeweler's Mutual offers personal jewelry insurance that covers both repair and replacement. The policy is not available for unset stones, damaged items, or antique jewelry. An appraisal is required for coverage.

Source:about.com

As jewelry is always something precious for you, Insusite advises that you will need to protect this precious belonging from any unwanted incident. Hence, as suggested basic accurate information about jewelry insurance Insusite expects that this will be valuable insurance information source before you purchase jewelry insurance.