things you must know about Jewellery Insurance

What is Jewellery Insurance? 

The insurance is specifically designed around the risk of the piece, although most personal lines products covers this in the market today, it does appear that these pieces are added to your normal day to day all risk cover with the exact same limitations and excess. One can not equally compare a designer jewellery piece to a set of golf clubs for example.

Who needs Jewellery Insurance? 

Any and all people who have existing jewellery pieces. If are in the market of obtaining or purchasing jewellery from engagement to wedding bands to necklaces to earrings, you will need this cover. You will need this cover if you own any completed manufactured jewellery or designer jewellery with the exception of raw materials, gems or gold bars. 

Why should you take out Jewellery Insurance? 

Any completed manufactured jewellery or designer jewellery (except for raw materials such as gold bars and gems) does not only have its own value but also has its own personal value. Should an incident arise where your priced designer pieces are damaged or stolen, one would prefer the claim to be handled and settled in the most professional manner. 

How much does Jewellery Insurance cost?  

The cost implications for the absolute cover and piece of mind depends on the individual jewellery pieces. The rates are calculated on the value which is accompanied by the valuation certificates.

Typical claims incurred on Jewellery Insurance

The most common and expensive claims are in accidental damages as well as where pieces have been stolen either in a house roberry or in a hi-jacking (normally the unfortunate clients have been forced to surrender all the jewellery they have on them.) 

What other insurance should be considered along with Jewellery Insurance? 

Although jewellery cover is obtainable on its own through Barrington Insurance Brokers on an Asset Care product, one can also have a joined venture with one of South Africa’s leading Jewellery Designers: Jenna Clifford. This product can be included and incorporated with your personal portfolio, for example Car and Household Insurance with out loosing any benefits or specialized coverage. This product sets itself apart from your normal day to day all risk cover.

GET  QUOTATION:

Click here to send us an e-mail requesting a quote -> insurance@barrington.co.za 

We will e-mail you a quotation as soon as possible.

Contact details will be kept confidential and will not be used in any way other than as described above and will not be shared with any other parties.

Please note that we can only insure in South Africa.