Insuring Your Jewelry

Insuring your jewelry is a must! The first step is having an appraisal from your jeweler or an independent appraiser. Insurance companies offer a personal articles floater to your homeowner or renters insurance policy. The jewelry will be insured for the replacement value of the item, not for retail value. If insured jewelry is lost, the insurance company usually will replace it with an equal item, and some will replace with equal dollar, therefore, it is vital that your appraisal accurately specify its' contents and style.