The Jewelry Box Blog

Warranty. Homeowners insurance rider. Specialized jewelry insurance.

What in the world is the difference?

Those who wonder how much gold is worth likely fall into two camps:

1. Gold buyers and sellers
2. Curious gold jewelry owners

This article is for the latter.

Everyone wants to save a little money when they can, right?

As with any insurance, there are certain safety precautions you can take to pay a lower jewelry insurance cost.

At least not well enough.

Spoiler: It's jewelry.

Whether you have an extensive jewelry collection or not, there are circumstances in which it is vital to have quick access to a record of all the jewelry you own.

Technology is fickle. The newest, best gadget becomes obsolete faster than you can master its function. Sometimes it's hard to rationalize buying the newest phone, computer or smart watch, much less find a good reason to invest in protecting it.

Picture these scenarios:

You purchase a new home. What is one of the first things your realtor recommends? Homeowners insurance.

How about a new car? Car insurance.

Other than these two major purchases, what is quite possibly your next most valuable possession? Look no further than your ring finger. Bingo.

“I feel sick. I lost my ring in the lake while boating. But my homeowners insurance covers jewelry, so I'll just give them a call."

"Wait, what? My policy doesn’t cover accidental jewelry loss?”

Think about all the jewelry you own. Maybe you only have one high-value piece you consider worth insuring, like an engagement ring. The rest might be worth less than $500 apiece. No big deal, right?

We don’t claim to be math experts, but that charm bracelet you’ve been adding to over the years? That baby could be worth a couple grand by the time you complete it.

So, while it may be obvious to protect your diamond earrings or your wedding band, you should consider the worth of your entire jewelry box when deciding what to protect ... and what to gamble on.

As a manager or owner of a business, what are some of the most difficult decisions that you've had to make?

Even if they're not the first things that come to mind, hiring and firing decisions probably fit somewhere in that category.