If you’re a jewelry lover or a collector of antique or fine jewelry pieces, consider buying jewelry insurance to protect its value. Muller Insurance is an independent agent working with more than 20 leading insurance companies to provide insurance policy options that meet different needs and budgets. We are based in Hoboken, NJ, and licensed in over 20 states, including New York and Connecticut. Muller Insurance is here to help you get the coverage you need. Here, we discuss why insurance on jewelry is highly recommended.
Why Is Insurance on Jewelry Important?
If you have a large jewelry collection filled with expensive, unique, or antique jewelry items, insuring them can help protect against loss, theft, or damage. Think about your most prized jewelry pieces, whether it’s a valuable engagement ring, a beloved family heirloom, or a unique gift. Now think about it being lost, broken, or stolen. If you have no jewelry insurance, you may not have the financial means or protection to replace or repair your treasured item.
Incorporating supplemental jewelry insurance into your homeowners insurance policy can provide several benefits, including giving you the financial protection to repair your item or replace it with one of similar or even higher value.
Many people believe that traditional homeowners’ insurance will cover their jewelry, but that’s not always the case. Most homeowner’s policies will only cover jewelry if it is stolen, not if it’s lost or misplaced, and most also have a maximum limit. If your jewelry costs more than the limit, you won’t be able to get a replacement of similar value. Specific jewelry insurance policies can provide you with peace of mind that you can get your jewelry replaced or repaired, and knowing you’re fully covered to do so.
You may think that you need an appraisal for fine jewelry insurance, which may prevent you from pursuing coverage. However, appraisals aren’t needed in all cases and with all insurance companies. Some companies don’t require an appraisal unless your jewelry is valued at more than $50,000 or $100,000. They may just need a description of the piece, a photograph of it, and the estimated value, which can make finding jewelry coverage easier.
Jewelry Insurance Policies Available From Muller Insurance
At Muller Insurance, we have been in business for over 100 years and have made partnerships with leading insurance companies that offer jewelry policies as add-ons to homeowners insurance. Companies we work with that offer jewelry policies include:
Chubb Insurance
Chubb Insurance offers fine art and jewelry policies that cover your valuable possessions that may get lost, stolen, or damaged. Add Chubb’s Masterpiece coverage to your homeowners insurance policy to help you protect your jewelry items and make claims faster. Chubb adjusters are trained to respond to claims within 24 hours and to issue payment within 48 hours once the claim is approved.
N&D Group Insurance
For customers in Massachusetts or New Jersey, N&D Group Insurance offers an inland marine insurance policy that provides additional itemized coverage under your homeowner or renter policy to cover valuable items like jewelry. This policy can provide up to $100,000 per item of jewelry or blanket jewelry coverage.
The Philadelphia Contributionship
The Philadelphia Contributionship provides responsive insurance services and coverage enhancements to help clients protect their valuable assets. One of the coverage enhancements they offer is blanket jewelry, which protects against things like loss or theft of jewelry, as long as no one item is valued above $5,000. They can also customize coverage for limits from $5,000 up to $25,000.
Working with an independent insurance agent like Muller Insurance can provide you with various coverage options, and we can tailor them to fit your unique needs. You can also be sure we’ll give independent advice that has your best interest at heart because we’re loyal to you, not the insurance companies. We can also help you get the best rate for your budget and can often find bundling opportunities to save you money. If your higher-priced jewelry items need to be appraised, we can also help you through that process.
Trust Muller Insurance for Jewelry Insurance Coverage
If you’re ready to insure your jewelry collection and keep it protected against loss, damage, or theft, trust Muller Insurance. We have spent decades providing exceptional customer service and building a solid reputation to gain our clients’ trust, and we are here to help you find the right jewelry insurance policy for your needs. To learn more about our jewelry insurance options for clients in more than 20 states including New Jersey, New York, and Connecticut, get a quote or contact us today.
