Most homeowners policies have limitations on jewelry coverage. As little as $1,000 is typical on a “normal” policy, and even “deluxe” policies from high value home insurance companies have limits as low as $5,000 to $10,000.
Insuring High Value Jewelry
But what if you have a piece worth $500,000? Or a collection worth in the millions? Adding them to your typical homeowners policy is probably not the best option.
This is where an Independent Insurance Agency can make a world of difference. Independent Insurance Agencies, like LG Insurance, can access many insurance markets. Markets that specialize in insuring high value jewelry and are used to working with high net worth clients.
It’s Added to my HomeOwners Policy
Just because a company CAN add your jewelry to your homeowners policy doesn’t necessarily mean you should. An agent who understands insuring high value jewelry can work with you to make sure your collection is properly inventoried and kept up to date, that your valuations and appraisals are up to date, and that the company insuring the jewelry understands the market for high value jewelry. If you have a claim on your jewelry collection, you’re going to want a specialist to settle your claim, and you’re going to want a knowledgeable insurance agent who can help guide you through the process and make sure your interests are being met.
Policies specifically designed for high value jewelry will contain coverages that a typical homeowners policy can’t meet. You don’t want to learn that lesson at claim time.
LG Insurance specializes in insuring both high value homes and high value jewelry collections. We can also make sure your art collections are properly insured.
Call us and we’ll come to you and review your current policy and let you know if we can help you upgrade your jewlery insurance.
(877) 288-7169
All content provided in this blog is for informational purposes only. Topics discussed on this blog relate to insurance products and issues in a general application, and are not an offer of insurance, a guarantee of coverage, or applicable to specific and individual circumstances. Contact LG Insurance Agency for questions and information specific to your insurance needs.
About LG Insurance
Founded in 2009 by Aaron Levine, LG Insurance is one of the Jersey Shore's fastest growing insurance agencies. Located in Long Branch Jersey, LG Insurance proudly serves many other local towns throughout Monmouth County including Asbury Park, Eatontown, Little Silver, Middletown, Ocean Township, Red Bank, Rumson, Shrewsbury and all of NJ. We also insure homes and busiensses on Long Island and in the Greater New York City area.
Specializing in personal and business properties in coastal areas, LG Insurance offers a full product line of personal and commercial insurance packages and products as well as a full line of life insurance and supplemental insurance coverages.
