Valentine’s Day is just around the corner in Newport News, VA, and love is in the air! Along with all the chocolates, romantic dinners, and sweet candy hearts that say “Be Mine,” jewelry is often one of the most cherished gifts exchanged between loved ones.
Receiving jewelry as a gift is exciting — and giving it is even more special. But if you’ve recently welcomed some new jewelry into your home this Valentine’s Day, it’s important to consider something that’s not exactly romantic: jewelry insurance.
Not sure where to start? Don’t worry! At Goodrich & Watson Insurers, we’re passionate about helping our customers protect what matters most. We’re here to answer all your questions and guide you through the process.
Key Things to Consider When Insuring Jewelry:
1. Check Your Coverage Limits:
Most homeowners policies cover valuable items like jewelry, but only up to a certain amount. If the cost to replace your jewelry exceeds that limit, you’ll need additional coverage — often called scheduled personal property coverage. Take a moment to review your policy, or feel free to give us a call at (757)-591-2032, and we can help you understand your options.
2. Revisit Your Deductible:
Your deductible directly impacts your policy premium. Anytime you make a change to your coverage, it’s a good idea to review your deductibles and adjust accordingly.
3. Do You Need an Appraisal?
Sometimes, insurance companies may require an independent appraisal, especially if you’re unsure of your jewelry’s value. Each piece should be listed with a description and its value on paper for accurate coverage.
4. What Kind of Coverage Do You Need?
Look for a policy that covers your jewelry no matter where it is — whether it’s in Newport News or on an international trip. You’ll also want to confirm if the policy offers full replacement cost. Some policies allow you to choose between replacing the item or taking a cash settlement.
5. Keep Detailed Records:
Having good photographs of your jewelry can be incredibly helpful. If a piece is lost or stolen, a clear photo can assist in recreating it.
6. Should You Go with a Jewelry Insurance Specialist?
There are companies that specialize in jewelry insurance. Whether you choose a specialist or a company we represent, make sure they are reputable and financially stable.
7. Is Your Jewelry Valuable for Sentimental Reasons?
Some jewelry holds sentimental value that’s impossible to replace. If this is the case for you, insurance may not be necessary. But we highly recommend talking to us at Goodrich & Watson Insurers before making that decision — we’re here to provide expert advice!
Protecting Your Jewelry
Of course, always store your jewelry securely when you’re not wearing it — a safe at home or a safe-deposit box is ideal. We want your valuable and sentimental pieces to stay with you and your family for years to come.
Here’s hoping your Valentine’s Day is full of love, fun, and maybe even a little sparkle. And if jewelry isn’t involved this year, well, there’s always next year! Call today for a quick insurance quote!
Contact Us!
Have questions or need assistance? Reach out to us at (757)-591-2032 or email us at .
