subject: Deciding On The Right Jewellery Insurance Policy [print this page] Deciding On The Right Jewellery Insurance Policy
When you're lucky enough to possess items of valuable jewellery, it's very important that these expensive jewellery pieces are totally insured by a dedicated high value home insurance policy, as their value would be far higher than the absolute maximum insured limits offered by the average property contents insurance cover.
Insuring your really expensive items of jewellery can prove a challenge. The vast majority of typical home contents insurance plans will only be worthwhile for modest amounts of jewellery, where the overall covered value is often rather low. The single article limit, on many of these insurance policies may be as low as 750 for individual items of jewellery. Whereas a specialist high value home insurance policy will provide cover without having any pre-set maximum totals or single item limits.
Look for a professional engagement ring insurance policy
An expert high value home insurance policy affords the best solution, for people who have recently invested in or inherited a very costly item of jewellery, for example a diamond ring or diamond necklace. This specialist kind of insurance provides you with the ultimate jewellery insurance protection at the most economical rate.
A typical, high value home insurance policy will provide jewellery insurance cover on a world-wide "All Risks" basis. In addition to offering a far greater standard of jewellery insurance and ring insurance cover, this kind of specialist policy would also cover all of your personal possessions on a global basis. A lot of policies also give a full cash payment, in the instance of complete loss or damage to your specific jewellery items, with no policy excess being applied, whereas normal policies will expect that the items are replaced on a like for like basis.
Total diamond ring insurance protection
In contrast with an average home contents policy, a high value home insurance policy will give much better cover and protection for your valuable jewellery items and should include the benefits listed below:
If you happen to lose or damage an object that is one of a pair, like for example an earring, insurance providers will pay to replace them both.
Insurance companies won't apply any wear and tear deductions to items of jewellery, they will simply pay the whole replacement value on a like for like' basis.
In the event you choose not to directly replace an expensive item of jewellery, insurance providers will offer you the complete cash valuation as an alternative.
Accordingly, deciding on the right jewellery insurance or ring insurance plan provides you with the security, that in the event that disaster strikes, your really expensive jewellery items will be fully protected.
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