Insurance For Your Diamond Jewelry
Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Insurance and Appraisals and other Jewelry topics.
Insurance For Your Diamond Jewelry
Insuring your diamond jewelry is fairly simple. Have all of your fine jewelry articles appraised and photographed by a certified appraiser. It is a good idea to have available a certificate from GIA or other independent diamond laboratories. Take the certificates and appraisals to your insurance agent and have the pieces added to your policy.
Insurance for jewelry is usually 1-3% of the value or $50 minimum per year. For instance, a diamond ring valued at $5,000 would have a premium between $50-$150 per year depending on the state you live in.
It's a small price to pay to insure replacement of your fine jewelry in the event of a loss.
| Guru Spotlight |
| Linda Handiak |
