SPECIAL ARTICLE BROUGHT TO YOU BY HEINER’S INSURANCE CENTER

By: Addie A.– Acuity

Jewelry is an investment, and whether it is being worn for a nice night out or stored in a jewelry box or safe, you should be thinking about how your insurance will cover it.

If an Acuity customer owns any piece of jewelry worth more than $1,000, additional coverage beyond the home insurance policy is appropriate. In this blog, we explain some of the ways you can insure jewelry.

Blanket Jewelry Coverage Acuity’s
Jewelry and Furs Enhanced Coverage offers a simple solution without detailed descriptions. This specialized Acuity coverage is beneficial if none of your jewelry items are individually valued at more than $5,000. You simply request a per-occurrence limit that is accompanied by a per-article limit. The maximum blanket coverage limit offered by Acuity is $25,000 per occurrence, subject to a $5,000 limit per article.

Scheduled Jewelry Coverage
Jewelry items valued above $5,000 should be specifically scheduled to ensure appropriate insurance coverage. We require a detailed description of each jewelry item. Acuity will typically request a jeweler’s appraisal to insure individual items exceeding $10,000.

You can request scheduled jewelry coverage on an actual cash value basis or on an agreed value basis.

Actual Cash Value
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Agreed Value
In-store shopping can cause you to impulse buy products you don’t need. It’s easier to stick to a shopping list when you’re filling an online shopping cart for curbside pickup.

As you evaluate your current jewelry in your home or apartment—and any future jewelry purchase (like maybe that engagement ring you’ve been dropping hints at for months!)—you can contact your Acuity independent insurance agent to see which of these options is right for you.