Insurance Questions

Questions you should ask your insurance company about coverage for your fine jewelry.

• Are there different kinds of jewelry insurance available?
• What is the difference between unscheduled and scheduled coverage?
• Do I have a choice between an Agreed Cash Policy and a Replacement Policy?
• Are any security precautions required?
• How much will it cost for full coverage?
• Is there a deductible? If so, how much?
• Am I still covered if there is negligence or carelessness involved?
• What proof is needed to justify a claim?
• Is depreciation or appreciation ever imposed? How is it computed?
• Am I limited to the appraised replacement cost should there be a sizable increase in value?
• Can I go to whomever I wish for claim assessment and/or replacement?
• If there is damage to a piece, can I replace it or am I limited to repair?
• Will you show me the actual language in my policy which addresses each of these concerns?