In a globalized world, people invest in jewellery as a means of protection. Jewellery insurance companies are now offering coverage on jewellery with premiums as low as 2%. Here are seven reasons why jewellery insurance companies are becoming popular.
1. Jewelry is considered expensive and valuable to most people.
This makes it prone to theft and loss due to natural disaster or accident. Jewelry insurance companies offer peace of mind by providing protection against these losses while also keeping premium costs down, with rates starting at just 2%.
2. You can get protection for your jewellery at a low cost.
Jewelry insurance companies offer coverage for your valuable jewelry at a low cost. Just 2% per annum for $50,000 coverage, and that is inclusive of the premium. You can get up to $2 million coverage at a minimal cost of 4% per annum. This means that you get total protection for your jewellery or any part of it you choose to cover with the minimum possible outlay.
3. Jewelry insurance companies offer a wide range of options.
There are companies that cover your entire jewellery collection or just one item. These companies offer a wide range of options to choose from. You can also do partial coverage so that only a specific piece of jewellery is insured against theft.
4. You can get insurance while you are enjoying your jewelry.
Jewelry insurance companies pay the insured value on a pre-determined date after receiving confirmation of loss. So, you can enjoy your jewelry without taking the risk of theft. This is especially useful during holidays and celebrations as you can enjoy your jewellery without worrying about the cost at the end of the trip which may result in replacement costs for insurance coverage.
5. You do not have to renew your policy.
Most policies do not require you to renew your policy once it has expired. This means that you do not have to worry about missing the renewal deadline, which may lead to the cancellation of your insurance contract. You can also take advantage of a new policy from another company and cover different items with each one instead of keeping one insurance contract for everything.
6. You can cover multiple items.
Many jewelry insurance companies offer multiple coverage options on different items, with plans that start as low as $10,000 coverage for one pair of earrings and go up to $175,000 coverage for a collection of jewellery. You can even get access to a range of different insurance companies and select the option that best suits your needs.
7. There are no long cancelation periods.
Most insurance policies do not favor the insured by offering several terms from one year to three years in which you have to pay up the full amount due. Most insurance companies usually offer cancelation periods from 12 months at least, but many offer it for even less.
Conclusion
Jewellery insurance companies offer much-needed security to people who are heavy investors in jewellery. By choosing the right coverage options and choosing a company that offers the lowest premiums, you can rest easy knowing your irreplaceable heirlooms are well protected.
What you are planning for this Christmas?
So, you should plan ahead of this festive time and make the most of it while going for the contemporary jewellery announced by the most popular jewelry brands out there.
You might have shopped for jewelries before but you are still not able to reach for the jewelries that are announced by the popular jewelry makers and brands.
As these are not the gold jewelries, they are surely not going to hamper your budget that you have fixed for the Christmas time celebration.
On the other hand, these items are coming with latest designs and styles.So, whether you use them or you gift them to someone special in your life; in every way these items are going to bring sheer fun and happiness for you.
This online store has appeared as a hub for the big and popular jewelry brands and customers where they can interact with each other in a more convenient manner.Customers have a common thinking that the price associated with the jewelries announced by the top brands may remain high.
