How to know whether jewelry insurance is worth it
Jewelry insurance is worthwhile for any piece valued above your homeowner’s policy’s sub-limit, which is around $1,500 to $2,000, per the Insurance Jewelry insurance is worth it for any piece valued above the homeowner’s sub-limit, which is around $1,500 to $2,000, according to the Insurance Information Institute. At 1% to 2% of appraised value per year, a $6,000 engagement ring with a specialized jewelry insurance provider costs around $60 to $120 annually. This is a fraction of the $4,500-plus coverage gap you would face with a homeowner‘s policy if the ring were lost or stolen. However, if the pieces are inexpensive, have little sentimental value, or are easily replaceable, you may be comfortable going without it. Jewelry insurance works similarly to many other types of insurance coverage: You have your pieces appraised, the insurer gives you a premium based on their appraised values and then, if something happens, you file a claim backed by your appraisal documentation.
ที่ตีพิมพ์ : 3 ชั่วโมงที่แล้ว โดย Stacker ใน Business Finance
Jewelry insurance is worthwhile for any piece valued above your homeowner’s policy’s sub-limit, which is around $1,500 to $2,000, per the Insurance Information Institute. At 1% to 2% of appraised valu... [10801 symbols]
