question about jewellers mutual

[Murf]

Hey everyone,

I have a question for those who insure their jewellery with jewelry mutual. I have a quote for insurance from them, but they require that attached to the premium is a $500 deductible. Now my question is, is this common that they will only ensure my jewelry if I accept the attached deductible?

 

[Lvoeshinythings]

Have you gotten a quote from other carriers? Likely, Jewelers Mutual offers another deductible option, too? Most carriers also offer a lower (and higher) deductible but it depends on the amount of total coverage you’re insuring for.

 

[Rose-gold-or-bust]

This may be due to your location as some places have more laws regarding insurance that others. It’s also for their protection - less likely somebody will set up a false claim if they know they need to pay $500 upfront.