Jewelry is personal and carries sentimental value. It recalls emotions, moments, and milestones in your life, which is why it can be devastating if your pieces are damaged, lost, or stolen. A jewelry insurance policy is the best way to ensure that your favorite items are protected.
Further, jewelry fluctuates in value. The older the appraisal, the less accurate the value it lists. This is almost always less than what you should be insuring your pieces for. Insurance companies and appraisers recommend updating your jewelry appraisals every two to three years.
Jewelry Appraisal
Whether you received a new piece as a holiday gift or you want to assess the current value of your pieces, having your jewelry appraised is important. Imagine your new diamond engagement ring accidentally taking a spin in the garbage disposal - that would be heartbreaking! When you have the proper jewelry insurance, a devastating and unexpected loss like that hurts less knowing that your policy will cover a replacement. If you don’t have jewelry insurance and your piece is lost, stolen, or damaged, you’re out of luck.
In order to purchase an insurance policy, you will need an appraisal. Independent jewelry appraisers record the weight, material, markings, manufacturing, and quality of each piece. The appraiser then uses that information to determine the current value of your jewelry and can provide you with a quote. The staff at Gary J. Long Jewelers proudly provides this service for any and all of your pieces.
Jewelry Insurance Policies
A specialized jewelry insurance policy provides comprehensive coverage. This includes protection against scenarios - including mysterious disappearance or unexplained loss - that may not be covered by a standard homeowners or renters insurance policy or warranty.
The cost of a jewelry insurance policy is usually 1-2% of the jewelry’s value, but it can fluctuate slightly depending on where you live. Gary J. Long Jewelers will provide you with a comprehensive quote to insure your pieces and provide you with peace of mind for years to come.
When you buy a car or a home, you purchase an insurance policy. Your jewelry - old or new - needs the same level of protection. After all, jewelry is a significant investment that gets worn every single day and it needs to be protected. Contact Gary J. Long Jewelers today to schedule an appraisal of your pieces, receive a policy quote, and protect your investments. You’ll be happy you did!
