Lucky for you, your Nuera Renters, Condo or Home insurance policy covers jewelry under your contents limit up to $15,000. Your basic property insurance coverage includes protection against:
- Lightning or fire
- Hail or windstorm
- Damage caused by aircraft
- Riots or civil disturbances
- Smoke damage
- Damage caused by vehicles
- Falling objects
- Volcanic eruption
- Damage from the weight of snow, ice, or sleet
- Water damage from plumbing, heating, or air conditioning overflow
- Water heater cracking, tearing, and burning
- Damage from electrical current
- Pipe freezing
Even though you get all that coverage, there still could be a circumstance that leaves you unprotected. The best way to ensure the piece of jewelry is covered for its full value, for all losses, is to schedule the new piece of sparkle onto your existing property insurance policy.
When you schedule an item it essentially means the jewelry carries its own “mini” insurance policy. This means it is covered for all losses including mysterious disappearance (like the dreaded sink drain).
All you need to schedule your jewelry is a recent appraisal from a certified jewelry appraiser. A typical appraisal includes a detailed description, magnified photographs and a current replacement cost estimate.
How much would it cost to schedule my ring?
Let’s say you acquired this beauty valued at $8000.
To schedule the ring would cost approximately $70/year on top of your existing premium. Pretty cost effective for your peace of mind! The ring is not only covered for its value but also if a diamond falls out – which happens to be the most common jewelry claim made.
Or maybe you’ve inherited a family member’s treasured Rolex appraised at $12,000.
The approximate premium to schedule the watch would be $100/year.
Whether that special someone has finally popped the question with the perfect ring, or you’ve inherited a priceless family heirloom, take stock of what’s in your jewelry box and talk to your Nuera Insurance broker to make sure each precious piece is protected today!