Personal risk advisor Jesus Rebollar recently sat down with WTHR's Allison Gormly to discuss the ins & outs of jewelry insurance.
He discussed the logistics behind insuring jewelry, like your engagement or wedding ring, and what options you have when considering coverage for these items that may not be fully covered by your homeowner's policy.
As he shared, depending on your policy, your losses may be limited, may come with exclusions and may require you to first pay your deductible – meaning you may not recoup the total value of the stolen item.
To ensure your valuables are adequately covered by your insurance, speak with your insurance advisor – or one of ours. You'll want to include any jewelry items you own, in order to assess the total value of the items. You may also want to consider having the items appraised so that you and your insurance company can agree on the value of the items included on the policy.
This content is not intended to be exhaustive nor should any discussion or opinions be construed as legal advice. Readers should contact legal counsel or an insurance professional for appropriate advice. Gregory & Appel is neither a law firm nor a tax advisor; information in all Gregory & Appel materials is meant to be informational and does not constitute legal or tax advice.