It’s very exciting when you buy or you are given an expensive piece of jewelry. The item can often have sentimental value and be one-of-a-kind.
Jewelry is often gifted to commemorate a special birthday, engagement, milestone, or memory; therefore, it is intrinsically linked to your emotions. High-quality jewelry crafted to last a lifetime is also costly, so many people would be devastated if they lost that precious item. It is no wonder, then, that we especially treasure our jewelry, perhaps more so than other possessions. Surveys often find that jewelry is often towards the top of the list of things people would save in a house fire.
According to the British Security Industry Association (BSIA), thieves deliberately target designer watches and jewelry with precious metals, semi-precious or precious stones during home robberies. If you own items of jewelry that are expensive and hold sentimental value, then you will want to make sure that they are covered for peace of mind.
The Horton Group offers some of the best and most flexible policies to insure your high-value jewelry and provide a wide variety of bespoke high-value home insurance policies.
Standard home insurance policies provide some cover, but you will have had to name the items on your policy. Also, the insurer will often ask you to pay a higher premium for those items on top of your basic amount. Listing all your jewelry will be time-consuming and you will likely forget to add something. Not only this, but the standard home insurance policies will only pay up to a certain amount. If your jewelry is stolen, you would then have to pay out more money to make up the difference!
In addition, high-value home insurance will mean that all items will be covered on a worldwide basis – meaning the policy covers your jewelry wherever it is in the world. It is prudent to choose a high-value insurance policy for your jewelry – a standard policy could end up costing you more.
Ultimately, you need an exceptional insurance policy to cover your exceptional pieces of jewelry.
Material posted on this website is for informational purposes only and does not constitute a legal opinion or medical advice. Contact your legal representative or medical professional for information specific to your legal or medical needs.