There can certainly be a lot of confusion and uncertainties when it comes to jewellery insurance. Expensive pieces of jewellery such as diamond rings, watches, diamond necklaces, engagement rings and precious stones are always subject to theft, damage or other types of risks that will result in decrease in value of the jewellery. When it comes to insuring jewellery, many policies exist and making certain your precious jewellery is rightly insured is very important.
Do you need cover for your jewellery?
Insuring jewellery is not only sensible because of its monetary value, but also because of the sentimental value they might have. Probably, most of your collection is a gift from your loved ones and those you hold dear to your heart, and the last thing you would want is for them to get damaged or stolen without any insurance back-up. You might not have experienced it, but sudden loss of these precious jewellery gift items from family and friends often times results in an unwanted physical and psychological torture.
So, the right time to insure those beautiful pieces of jewellery is today, not tomorrow, but right now, as you never know when the unexpected might happen. The question you should be asking right now is: “where the right place to get a good quote for insuring jewellery?”
For starters, it might be helpful to note that brokers offer all-inclusive jewellery cover at a very low premium. Some even offer complete accidental compensation for loss and damage depending on the particular cover chosen. Normally, most firms tend to target big assets like homes and life insurance, which makes for their lacking in the professional high-value jewellery cover procedures for insuring jewellery. The first and best place to start seeking for a quote therefore would be from an insurance company that specialises in insuring only jewellery and precious stones. This is because such types of companies already have the expertise and know-how on the appropriate way to insure jewellery.
Home insurance jewellery coverage doesn’t suit everyone
Home policies vary. What is obtainable in one home might not be what is obtainable with another. Even though some might provide coverage for certain jewellery types, you shouldn’t assume you’re adequately covered. In addition, many insurers for homes don’t include insurance coverage for your jewellery away from home. Which means you’re completely on your own if anything happens to your precious items away from home.
This is why you need to consider a separate jewellery policy. We make sure your jewellery remains covered wherever you are in any part of the world.
Our insurance policy
We at TMI Online take pride in our jewellery cover policies. We provide a tailor-made type policy for insuring jewellery and precious stones. We know that for most people, covering their valuable jewellery under the all-inclusive risk option of a home insurance is not a possible option. Often the cost of what is insured is very high and the insurer may not wish to extend the cover to that amount or maybe other personal conditions prevents adequate cover from being obtained.
If have been worried about not getting an adequate cover for your precious items with your home policy, you don’t have to worry any more, as we at TMI Online offer cover as a stand-alone policy. Our policy offers you a suitable alternative for your jewellery coverage on worldwide basis. Yes, we provide an all-inclusive worldwide all-risks coverage. This means, you get complete coverage for your precious jewellery wherever you are in the world.
More often than not, taking away the all-risks section from a home policy can lead to a more competitive quote and by making arrangement for a separate coverage, you don’t have to worry about losing out on your no claims discount.
Types of jewellery covered
At TMI Online, we offer you insurance for all jewellery types ranging from diamond rings, premium Swiss watches to all types of precious stones. You can choose to insure either single jewellery or group of jewellery with us. The choice is entirely yours, as we provide every form of cover for jewellery.
You can be rest assured of adequate coverage for insuring jewellery whenever you are insuring with TMI Online. You just have nothing to worry about, as your policy with us is completely covered by one of the world’s oldest institutions. Generally, we provide cover for all types of jewellery except a few restrictions as it pertains to diamond rings, as they are worn on a regular basis. Here are some of the benefits of insuring with us:
Your stand alone policy with us is covered on a worldwide basis. Yes, you can be anywhere in the world with your jewellery without worrying about it getting lost or stolen, as TMI Online will always have your back.
We do not have any limit to the number of trips you can make with your jewellery in your possession. However, we do limit the number of days per trip to 60 days. That is to say, you cannot take a trip that exceeds a 60-day duration with your insured jewellery in your possession.
Your policy with us covers any form of theft, damage or accidental loss to your insured jewellery. You can have the peace of mind you have always wanted when wearing your jewellery, knowing that you’re completely covered by TMI Online against any unforeseen circumstances.
Are there any restrictions insuring your jewellery?
You will always find complete details about our policy on our policy documents, which is made available only on request. Nevertheless, for some high valued jewellery like diamond engagement rings, we will let you know if there are any conditions to be met such as having the jewellery settings appraised by a jeweller at certain periods.
Get your Jewellery insurance quote from TMI Online
Getting a quote from us is very easy and straightforward process. As a matter of fact, it takes only but a few minutes to get your insurance quote, provided all the necessary documentation are available. We provide complete details of every item you insure with us including specific items insured and their sums. You will be emailed your policy details immediately after the coverage is issued. To get a quote from us, you can either choose to fill one of our online quote forms or visit our office. We are open from morning till evening, so you call on our office at any time quite suitable for you.