Have some new jewelry in the house? Protect it!
Valentine’s Day is near, and love is in the air. Well, love and a few other things: chocolates, romantic dinners, conversation hearts and of course, jewelry.
It can be exciting as well as romantic to receive jewelry from a loved one — or to give it as a gift. But if you’re lucky enough to have some new jewelry in your New Hampshire home this Valentine’s Day, you should take a few minutes to think about something you probably don’t find exciting or romantic: insurance.
Don’t know where to turn? Don’t worry. At Eaton & Berube Insurance, we think it is exciting to help our customers protect what’s most important to them — so we’re ready to help and can answer all of your questions.
5 Things to Consider When Insuring Jewelry:
You may need to purchase additional coverage. A typical homeowners insurance policy covers valuable items such as jewelry only up to set amounts. If the cost of replacing your jewelry exceeds that limit, you will want to purchase scheduled personal property coverage. You can check your policy or give us a call at 603-882-2766 to determine your options.
You might want to reconsider your deductible amounts. As always, this impacts your policy premium. It’s a good idea to take a look at your deductibles whenever you make a change to your policy.
Do you need an appraisal? You may need to have an independent appraisal if the insurance company requires it or if you don’t know the value of your jewelry. Each item should be listed with a description and value on paper. It’s also a good idea to hold onto the copy of the store receipt.
What kind of coverage is offered? You’ll want to ensure that the items are covered no matter where they are, whether they’re here in New Hampshire, or on an international trip, and that the policy offers full replacement cost.
Pictures can be helpful. Lost or stolen pieces of jewelry sometimes can be recreated if the jeweler has a good photograph to work from.
Of course, it’s important to store your jewelry securely when it’s not in use – a safe in your home or a safe-deposit box is best. We want your jewelry to be replaced if it’s lost or stolen, but we’d rather your sentimental and valuable pieces stay with you and your family for years to come.
Here’s hoping your Valentine’s Day is full of fun and romance. And if you receive jewelry as a gift, whether it be an engagement ring, tennis bracelet, or new necklace, make sure you contact us at 603-882-2766 or [email protected] to learn more about jewelry insurance in NH and to properly protect it.
Content provided by Safeco Insurance