Have you considered insuring your wedding rings - or any of your jewellery for that matter? If your jewellery gets lost while snorkelling in the azure waters of Mauritius, gets left behind in a hotel spa or even just falls into the dustbin, you’ll wish you had been better protected against your loss.
Here are three things that you need when insuring your jewellery.
- The original receipt (if possible): We know, your antique 1950s sapphire eternity band didn’t get passed down with one. But if you did receive one with your purchase of a more contemporary piece of jewellery, make sure to keep it in a safe place.
- Photos: Usually, these are included in the valuation (below). Nonetheless, photograph all your jewellery for your own records.
- A valuation certificate: Most insurance companies require valuations, especially for more expensive items. You will receive two valuation certificates from a reputable jeweller – one for your records and one for your insurance company.
What happens in the process of valuation?
- Each item of jewellery is carefully cleaned, photographed and weighed;
- All the metals and stones in the item are identified before measuring, weighing and quality grading them;
- Final valuation - you will receive a complete record of your jewellery, with all the information you need to enjoy full insurance cover;
For insurance policy purposes, your jewellery needs to be kept in a locked safe if it is not being worn. Usually jewellery valued at above a certain amount needs to be specified, so remember to check your policy wording.
With the right insurance cover, you'll be able to enjoy your wedding rings for years to come - no matter what life throws at your left hand!