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Jewelry

Personal jewelry is defined as articles of personal adornment composed in whole or in part of silver, gold, platinum, or other precious metals or alloys. The insured article may or may not contain pearls, jewels, or precious or semi-precious stones.

Certain articles other than jewelry may be insured under this form. These include such items as pens, pencils, flasks, smoking equipment, cigarette cases, trophies, etc.

Most companies prefer not to include any item valued at less than $100. Silverware, platedware, and pewterware, bullion, gold, and unmounted gems may not be insured as jewelry.

Coverage is on an open perils basis and applies worldwide.

Companies also require the original bills of sale or a complete signed appraisal (at the applicant`s expense) from a reputable jeweler.

Some insurers require an appraisal only when the item is insured for an amount above $1,000, but even when an appraisal is not required, purchase date and price are vital information. The appraisal must also show the physical condition of the property at the time of the appraisal. Jewelry known to be in need of repair and stones in need of resetting are not usually accepted until restored to first class condition.