For high-net-worth individuals, your jewelry isn’t just an accessory; it’s often a significant investment and holds immense sentimental value. Standard homeowners policies typically fall short in providing the comprehensive protection these unique and valuable pieces require. Our specialized jewelry coverage is designed to offer peace of mind, protecting your treasured assets worldwide.
Comprehensive Coverage for Your Valuables
Our dedicated jewelry insurance policies go beyond basic protection, offering robust coverage against a wide range of risks:
- “All-Risk” Protection: This comprehensive coverage protects against nearly all types of loss, damage, theft, and even “mysterious disappearance” (when an item goes missing with no clear explanation). This is a significant upgrade from standard policies that often have limited perils covered.
- Agreed Value Coverage: For your most valuable pieces, policies are typically written on an “agreed value” basis. This means we establish a fixed value for each item with you at the outset, ensuring you receive that full amount (minus any deductible) in the event of a total loss, regardless of market fluctuations.
- Worldwide Coverage: Whether you’re at home or traveling across the globe, your jewelry is protected. Enjoy your pieces without worrying about their safety, no matter where your adventures take you.
- No Deductible Options: Many of our specialized policies offer a $0 deductible, meaning you won’t have out-of-pocket expenses for covered claims.
- Flexible Appraisal Requirements: For high-value items, we may require a professional appraisal. However, for certain pieces, a detailed description, photographs, and estimated value might suffice, making the process smoother.
Enhanced Protection and Specialized Features
Beyond the core inclusions, our policies often come with additional benefits tailored to the unique needs of high-net-worth individuals:
- Automatic Coverage for New Acquisitions: If you acquire new jewelry, it may be automatically covered for a period (ex. up to 90 days or a percentage of your itemized coverage) without needing immediate notification, offering flexibility and convenience.
- Market Value Appreciation: Some policies may offer coverage that accounts for an increase in market value, paying out up to 125% or even 150% of the initial insured amount to reflect appreciation.
- Blanket or Scheduled Policies: You have the flexibility to protect your entire collection with blanket coverage up to a certain limit per item, or to individually list and insure specific high-value pieces for their full appraised value.
- Direct Collaboration with Your Jeweler: In the event of a claim, we can work directly with your preferred jeweler to ensure repairs or replacements are of the same kind and quality, preserving the uniqueness of your cherished pieces.
- Confidentiality and Expert Support: Our team understands the specialized needs of high-net-worth clients, providing discreet service and access to GIA Accredited Jewelry Professionals and other experts for guidance on loss prevention and claims.
Safeguard your precious investments and wear them with confidence. Contact us today to discuss a tailored jewelry insurance solution that offers the utmost protection for your valuable collection.
