Tuesday, June 2, 2009

Is Your Jewelry Properly Insured?

I was speaking to a local insurance agent the other day. We talked about how often

People are under insured. It turns out the majority of us are in fact under insured. After you’ve suffered a lose is the time most of us find out that we aren’t fully insured.

This is what I learned from our conversation

In California unscheduled items (items that aren’t appraised or itemized) are covered up to $2,500.00 on the basic home owners or renters policy and one item can’t be valued more than $1500.00

In most cases that isn’t enough to cover a wedding set, not to mention there is the deductible of $500.00 or more.

Needless to say most people are under insured.

How can you properly protect yourself? Ask your insurance agent about a floater. In the case of jewelry it means bringing your jewelry to us here at Countryman’s Village Jewelers. I write a detailed appraisal with photos and its current replacement value. You take the appraisal to your insurance agent and he sets up a floater.

This way each item is covered for the current appraised value and there is no deductible. It’s the safest thing you can do to protect yourself against a lose.

If you have any questions please feel free to call me.


Countryman's Village Jewelers

1700 Mc Henry Ave. Suite 19

Modesto, CA 95350

(209) 578-1177