Jewelry coverage from Zillion includes protection against theft, other types of loss, damage, and disappearance. This means you can rest assured that the coverage you purchase will be financially viable if you need to file a claim. Jewelry insurance from Zillion is underwritten by AXA XL, which has a superior A+ rating for financial strength from AM Best. On the flip side, some situations are excluded, including manufacturer defects, intentional actions, war, and nuclear hazards.Ī policy for your jewelry typically costs 1% to 2% of its value each year, so a $10,000 wedding ring may be insured for $100 to $200. Appraisals are also required for pieces worth $5,000 or more.įortunately, Lavalier offers all-risk coverage, which means that all loss, damage, theft, and mysterious disappearances are included in your policy. That makes Lavalier a poor choice if you have incredibly expensive jewelry to insure. They let you get pricing for a policy without even entering your contact details, although you do have to enter the zip code where you live.Īccording to Lavalier, coverage offered is worldwide, although coverage is limited to $50,000 per piece with some potential exceptions made. Lavalier makes it easy to get a quote for jewelry insurance if you’re worried about your privacy. Berkley Asset Protection then writes on behalf of Berkley National Insurance Company, which has received an A+ rating from AM Best. While Lavalier is a household name among jewelry insurance providers, it uses Berkley Asset Protection as its underwriting partner. You can keep this in mind as you begin to speak with a JIBNA agent. That would be $100–$200 for a $10,000 wedding ring or necklace. In terms of the cost of jewelry insurance, consumers typically pay around 1–2% of the jewelry value for their policy with most companies. After all, an agent can help walk you through the process and provide some much-needed personal support. However, some people may prefer to work with an insurance agent on their jewelry policy and claims versus going it alone. You would also need to file any applicable claims with your agent, which can take up more time than doing it all online. With JIBNA Personal Jewelry Insurance, you have to work with an agent to get a quote. With that being said, you’ll want to get an appraisal for each piece of jewelry you plan to insure. Their underwriting software expertly evaluates jewelry appraisals to “perform insurance to value (ITV) calculations.” This process allows them to accurately determine how much coverage you need for each piece. Since this provider only insures personal jewelry, they have been able to enact an advanced underwriting process that takes a lot of guesswork out of the equation. The company also has been in business in some capacity since 1975. JIBNA Personal Jewelry Insurance offers all-risk coverage, including insurance for mysterious disappearances. The premium is often a small percentage of the value of your item. With that in mind, you’ll want to get an appraisal for each piece of jewelry you insure. However, you should note that the appraisal amount for any jewelry you insure lists the total amount your policy could pay out if you file a claim. We also like that this provider lets you submit a claim and follow up on the process entirely online. Jewelers Mutual Insurance Group covers all major perils you may expect to encounter with your jewelry over the years. This provider also covers direct physical loss or damage to your insured items “unless the loss is caused by a peril that is excluded.” Their contract exclusions include loss of jewelry due to civil authority (such as a lawful seizure) and general wear and tear. The limits of your policy will also vary depending on the appraised value of the jewelry pieces you cover. You can choose your deductible, or you can choose not to have a deductible. Policies from Jewelers Mutual can be tailored to your needs and the amount of coverage you want. ![]() Not only do they offer jewelry insurance for individuals who want to insure their personal collection, but they’re also a trusted name among jewelry insurance companies for jewelers who want protection for their collections and jewelry stores. Jewelers Mutual Insurance Group makes it easy to get a quote for your treasured pieces online and in a matter of minutes. ![]() That makes this provider one of the longest-running jewelry insurance companies in operation today, and also one that is known for its financial strength and trustworthiness. Jewelers Mutual Insurance Group has been around since 1913.
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