When Should You Consider Purchasing a Separate Jewelry Insurance Policy?

Your home insurance policy typically covers limited amounts of jewelry. However, there are times when you should consider purchasing a separate jewelry insurance policy instead of relying on your home insurance policy to protect your jewelry. The team at The Insurance Outfit, serving the greater Chester, NJ area, is often asked when someone should consider purchasing a separate jewelry insurance policy. Read on to learn more. 

You Do Not Have a Home Insurance Policy

If you do not have a home insurance policy, you should consider purchasing a jewelry insurance policy to cover your jewelry. This helps cover your jewelry if you are in a rental home, living in someone else’s house, like a boyfriend, or while traveling. 

The Jewelry Exceeds Your Home Insurance Policy Limits

Another reason you may wish to purchase a separate jewelry insurance policy is that the value of your jewelry exceeds your home insurance policy limits. Always read your home insurance policy limits to find out how much coverage you have for your jewelry.  

You Have Irreplaceable or Expensive Jewelry

Lastly, you should consider purchasing a separate jewelry insurance policy if you have irreplaceable or expensive jewelry. Jewelry insurance policies make it easier to list individual jewelry values, which is much harder to do with home insurance. This helps you when it comes to valuing your irreplaceable and expensive jewelry. 

If you have expensive or irreplaceable jewelry pieces, you may consider purchasing a separate jewelry insurance policy to fully cover and protect your expensive jewelry. The Insurance Outfit, serving the greater Chester, NJ area, can help if you are looking for a jewelry insurance policy. Reach out to us today to get started.