Giving jewelry to your sweetie this Valentine’s Day? If you are, don’t forget to take proper steps to insure your valuables.
Typically, coverage for personal property can be covered under a homeowners or renters policy to protect valuables such as jewelry from theft or environmental concerns such as fire, lightning, etc. However,unless your property is scheduled, or specifically itemized with a value on your policy, your home deductible will apply to a loss. You can purchase an extension to your homeowners insurance (called a “rider”) to cover expensive or sentimental items, like jewelry.
Call your account manager at PDCM Insurance to discuss expensive jewelry items which may be scheduled at a nominal premium charge. Learn more about insurance coverage and strategies to keep you safe, from our partners at West Bend Insurance.
Tips to properly protect your jewelry:
- Have your piece appraised so you know the correct value
- Ensure your piece is properly insured for the correct amount
- Keep a photo of each individual piece in order to itemize
- Have your jewelry inspected regularly to check for damage or defects
Whether your jewelry is brand new or a sentimental heirloom, it’s good to have it protected. To learn more about your options, contact PDCM today.A reminder to insure your valuables by PDCM Insurance