It’s 2020, the year of plenty and boy did people get plenty over the festive season. A lot of the time, gift giving can be a bit of a challenge for those who aren’t our actual dearest of dears. But the special humans who have our hearts? Well we tend to easily settle on the idea of giving them shiny things of value. The reason why, in our opinion, is because jewellery’s everlasting, it expresses all the feels, and frames a special moment in time. That’s why we think that holiday jewellery’s been a hugely popular gift. And judging by how many people call us to get quotes on insuring their precious gifts, telling us that it was something special from Christmas or New Years, we can tell that it’s still quite popular.
Now that the holidays are over (alas and alack) it’s time to do the responsible thing and insure these items so that you can save yourself the heartbreak and hassle of things going wrong. And by wrong, we mean theft, accidents, and loss. Because the reality is that things can (and do) go wrong, but if you have insurance, you can get back on track.
Consider covering your bling
You see, the thing with sparkly things (especially diamonds) is that they’re forever, unless they’re stolen in the dead of night or come loose from their clasp and take a tumble down the drain. That’s why insurance is a good idea. Obviously there are certain types of jewellery which are priceless and can’t be replaced, but you should still keep them covered.
The kinds of bling that insurance covers:
- The pricey stuff, like the shiny Rolex you gave your hubby on Christmas morning or the sparkly engagement ring you got on New Year’s Eve.
- The less pricey stuff, like the Pokémon-themed item you bought your daughter.
- The in-between stuff, like that Fossil watch your bought your son for passing matric which will be worn day in and day out.
How to insure your bling
Basically, there are 2 parts to the kind of cover that protects your jewels. Typically, you’ll find jewellery insurance is effectively portable possessions insurance with a different name and allows you to cover both the pricey and less pricey stuff.
The pricey stuff: You need to specify the pricey stuff individually (usually over R35,000 in value). You’ll need the valuation certificates for each piece and of course, these items should be locked up when you’re not wearing them to black-tie events.
The less pricey stuff: These are the pieces that cost a bit less and don’t have to be individually named on your policy, so long as the value’s under the max amount that your insurer stipulates (again, it’s usually R35,000 or so). So, whether your charms are from Mr Price or American Swiss, you don’t have to specify it separately, as long as the value’s under the max limit. What you might need to do, however, is supply valuation certificates for pieces that are worth over R15,000.
Ultimately, it’s better to be safe than sorry. If you’re still not sure about how to insure your holiday bling or you’re worried that it’ll be too expensive, then why not get a quick quote from a reliable insurance company? Get a commitment-free quote here today and see what you can do to make sure that your priceless (or pricey) jewels are protected.
Posted in partnership with King Price Insurance
