Owning a piece of valuable jewellery is a tremendous responsibility. If you plan to wear your jewellery and enjoy the pieces, you will want to make sure they are insured against any potential loss, theft or traditional wear. Insuring your diamond jewellery is something that should be done carefully and immediately upon purchasing new items to help make sure your items are protected against any potential mishaps. Working with a professional at Serendipity diamonds will help make sure you are taken care of at all times.
Consider All of the Options
Depending on where it is that you live, there are different policy options for your insurance policy. A good jeweller will help provide individuals with the assistance they need to protect their valuables. A cash-value policy pays cash if the items are lost, stolen or irreparable. Replacement-value policies replace your item with one of similar calibre. Agreed-value policies state that if you end up losing your diamond, you will receive a specified amount of money from the insurance company. All policies have advantages and disadvantages, so you want to take the time to discuss the policies with your provider.
Getting a Certificate for Your diamond
Make sure to get a certificate of value for your piece. An independent appraiser will be able to provide you with this information. It is important that the insurance company agrees to accept your certificate before you spend money on the policy. You don’t want to wait for something to happen and discover that the company is not going to accept your proof for the value of the piece. It could end up causing you to lose money on the loss.
Look Into Your Homeowner’s Insurance
For those who don’t wear their diamonds outside of the home, a homeowner’s policy may provide you with the coverage you need. If you do end up leaving the home with the jewellery on and it ends up being stolen and you cannot prove it was stolen or lost inside of your home, you could end up losing out on the cost of the diamond jewellery entirely. Make sure you are staying in line with what the terms are of the policy at hand. Regardless of what type of piece you have, the team behind the company (although not all companies do so) from where you purchased your diamonds, will do everything they can to help make sure you are taken care of entirely.