Insuring your valuable jewelry.


Whether you’ve splashed out on a treat for yourself or a special gift for a loved one, a new piece of jewelry can bring some sparkle to your life. Once you have this new prized possession, it’s important to consider how you’re going to protect it. While storing it safely is a major factor, you should also think about what insurance will cover it.


Homeowners insurance may be your first thought when looking to insure your new piece of jewelry. However, every policy will have its limits. For example, if your limit is $5,000, but you have a $15,000 diamond ring, you’d be on the hook for an extra $10,000 in order to replace it. There might be other issues as well, such as whether your policy covers each individual piece of jewelry at a set amount, or provides coverage for your collection as a whole.


Talk to your trusted advisor at Tompkins Insurance about how to best safeguard your new piece of jewelry. You may need to get the jewelry appraised so that the insurer has a better idea of how much extra coverage you need. Take pictures of your piece, too, so there’s a better chance of a jeweler being able to recreate or find the stolen item. Lastly, ensure that your extra insurance is enough. If you travel frequently, you may want to pay attention to whether items are covered no matter where they are.


Be sure to store your jewelry securely and have the right insurance in place for if the worst does happen. For help securing homeowners insurance for your property, visit the team at Tompkins Insurance Agencies.