Many people enjoy collecting jewelry but don't realize that they could lose it all in a disaster. Even worse, they could lose a large amount of money if they haven't properly insured it. Thankfully, a loss consultant can help.
Losing Jewelry Can Be Financially And Emotionally Devastating
Some people may have thousands of dollars of jewelry in their home purchased over a lifetime. This jewelry may have emotional meaning for each person based on when it was purchased and why. As a result, losing jewelry can be not only financially devastating but emotionally problematic. But few people realize they could lose their jewelry in a disaster.
The main cause of total jewelry loss is people not getting the proper kind of insurance. This mistake is one that plagues homeowners across the nation and is an easy one to make. It is also an easy situation to correct.
You Need Specific Coverage For Jewelry
Most people who own a lot of jewelry in their home may assume that their homeowner's insurance covers it. That is unfortunately not the case. High-value items such as jewelry require specialized insurance coverage. This type of insurance usually costs no more than a few percent of the total cost of your jewelry. But if you don't buy a policy, you will suffer a total loss in a disaster.
That's why it is so important to get this kind of loss insurance. If you are uncertain about whether or not you have it, there are a few steps you can take. The most important of these steps is to contact a loss consultant and to ask them about your coverage and whether you need it.
How Insurance Loss Consultation Can Help
Those who own a large amount of jewelry in their home need to talk to an insurance loss consultant about it right away. These specialists can help assess the kind of loss you would endure if your jewelry was destroyed in a fire, a flood, or in any other way. They can also help you understand your insurance options and find a policy that works for you.
However, these specialists can also help give you advice on how to avoid a loss. For example, they may tell you to place your jewelry in a safety deposit box in a bank after insuring it. In this way, you can make sure that your jewelry is in a safer area if a disaster strikes the area. In fact, you could even sell the jewelry to fund a recovery effort after you lose a home or other items.
So don't hesitate to talk to an insurance loss counselor as soon as possible. They can provide you with the help that you need to get back on your feet and to avoid a large amount of financial loss after a serious disaster strikes your home.