You insure your home and vehicle because they are valuable. But those aren’t the only valuable items you own. What about the other many assets you own that are high-value items either in terms of monetary or sentimental value?
You never want to think of many of these as becoming lost, damaged or stolen, but it does happen and it is in your best interest to ensure that all your assets are covered. Your standard home insurance policy will not necessarily cover the entire inventory of your house (or at least not the full value of certain possessions), so you may wish to add specific items to your coverage. Here are a few key items to keep in mind while deciding what to insure.
First, have the jewelry appraised and then add it to your policy or purchase a separate policy or rider. From the antique pocket watch your
engagement/wedding rings, jewelry is an important asset to include in your policy. Though your homeowner's or renter's insurance policy may already cover your jewelry, many policies have a limit well below the value of more expensive pieces.grandfather left for you, to your
We would suggest you first take your jewelry in to be appraised, then decide whether it is worthwhile to have it insured.