ADVICE ON JEWELLERY INSURANCE
Jewellery insurance is meant to help protect your jewellery investment if your jewellery gets lost, damaged or stolen. Premiums paid may vary depending with the type of cover you choose for your jewellery. Comprehensive insurance covers theft, damage or loss. You may also choose a policy that may not give you the full value back but if something happens to your jewellery you get compensated. Remember half a loaf is better than nothing.
I think the greatest motive for having your jewellery insured is that it gives you piece of mind. Knowing that your jewellery is ensured gives you the freedom to enjoy wearing your jewellery without looking over your shoulder for potential thieves. Moreover, expensive jewellery like diamond rings or high karat chains carry large monetary value hence the need to get your jewellery insured. Insurance protects your monetary investment. Lastly, jewellery insurance gives you a guarantee that you get value back in the event that something unfortunate happens. It will be easier to start getting your collection back rather than starting to make savings to purchase new jewellery again.
Case to note is that of Sean Kingston’s expensive diamond, ruby and emerald encrusted necklace made of white gold which went missing after his sister mailed it to a jeweller. The worst part was that she only insured the package but he didn’t have any jewellery insurance hence he lost out. Just like how people pay insurance for their vehicles so that in the event of accidents happening they are covered, you can also do the same for your invaluable piece of jewellery. I have repeatedly heard people saying that they lost their jewellery to thieves or it just got misplaced. It is painful to lose something that you value and cherish. Jewellery can be a form of investment that is passed from one generation to the next thus the need to pay insurance for high value jewellery.
Blog by Tariro Nyakutumba