Which jewelry pieces do you insure?

[risingsun]

Date: 6/22/2010 9:07:04 AM
Author: Irishgrrrl
I have all of my jewelry insured under a rider on our homeowner''s policy. It covers loss, theft, damage . . . basically anything that could possibly happen to jewelry. It really isn''t that expensive, and I''d be tempted to never wear my jewelry if it wasn''t insured for fear that something would happen to it. Jewelry wasn''t made to gather dust in a drawer!

So do I. I have collected my pieces carefully. I have a few pieces that are hanging around that I don''t wear and haven''t sold or traded yet. If they disappeared, it wouldn''t bother me. The jewelry that matters to me, I could not afford to replace. I usually don''t insure anything that is under $2000. I have made a couple exceptions for pieces that are very meaningful, to me.

 

[Liane]

Right now I have everything insured. It''s definitely overkill; I did it because I don''t feel terribly secure about where I live at the moment, but it was unnecessary. I suspect a lot of people just getting into fine jewelry do that, though.

When we move, I''m going to let the insurance policy lapse on everything except my e-ring and maybe another RHR or two, because I wear those pieces daily and they''re too expensive to be immediately replaced if lost or stolen.

I live in the city, and muggings are common enough here that I think you''d have to be terribly unwise to wear expensive pieces daily and not have some kind of protection, whether it''s insurance or simply having enough wealth to be able to lose, or replace, pieces without enduring too much heartache. If I didn''t have insurance, I would worry too much to get any real joy out of my sparklies, and since that''s their entire point, better for me to pay a little extra and be happy.

 

[Arkteia]

I usually do not insure anything below $ 6,000.00 but the number is pretty arbitrary. JM, however, has a policy that allows you to insure all cheaper pieces of jewelry for up to $ 1000.00. When I was buying insurance for my expensive jewelry, I paid for this one, too. I do not know whether my decision was right or wrong, I can always cancel it, but in general, JM has good policies.

 

[that_someone_special]

All of them are insured with a "shoot-to-kill" guardsman.

 

[starryeyed]

Kenny, I LOVE your attitude. I think you have it right.

I tried posting about a little insurance problem my mother is having (sadly, no one replied). Basically she insured a pair of earrings for $3K (separate rider), paid premiums on $3K, and now that the earrings were stolen, the insurance company will only give her $1700. "ReplacementServices.com" are the people who made the determination. They are now trying to send her earrings with 2.00 carats total H SI-2 for $4200 ($4200-$1700 = $2500 her cost). Yikes.

Insurance is a big scam. That said, I live in fear and have most stuff over $5K insured. Particularly bracelets, that are easy to lose.

 

[lulu]

Anything over $1000-- but my husband was in the insurance business. There were several pieces that weren''t insured until I lost a diamond ring last year and made changes.

 

[littlelysser]

I''m assuming I was the poster that inspired this thread.

My home was robbed while my son, DH and I were on vacation.

They took my designer purses, our tvs, some cash, and every piece of jewelry I own (my ering and my watch are insured separately, but they were also with me on vacation).

I am in the same boat as you were, November. I had many pieces valued between 500 and 2000. 28 pieces of jewelry at last count and it is ALL GONE. Every last piece. Many were gifts. A few were inherited pieces. And they are gone. The insurance funds I''ll be receiving can''t even begin to replace them, to the extent they are replaceable at all. Frankly, it makes me sick to my stomach to think about it.

It is very easy to say that you don''t insure anything and that it is a scam and a gamble...but I wish I had increased my jewelry coverage...regardless of the cost.