You can cancel your policy any time by calling us at 888-884-2424.
Is Jewelers Mutual a good insurance?
Jewelers Mutual Insurance Group has been around since 1913, and this company boasts an A+ rating from AM Best. … Policies from Jewelers Mutual can be tailored to your needs and the amount of coverage you want. You can choose your deductible, or you can choose not to have a deductible.
Does Jewelers Mutual pay cash?
Your policy with Jewelers Mutual Group is a “repair or replacement policy.” It’s different from a cash payment policy like you may have seen with other types of insurance. With a repair or replacement policy, we step in for you and work with your jeweler of choice.
How do I add jewelry to jewelers mutual?
How do I add, remove or update an item on my policy?
- Click on “View Details” beside the policy you want to change.
- Click on “Add/Update Jewelry” and choose whether you’d like to add a new item or update an item that’s already on your policy.
How long has Jewelers Mutual been in business?
Expertise Since 1913
Jewelers Mutual was founded by jewelers determined to meet their own need for quality business insurance. We were literally founded by jewelry experts.
Should I insure a $3000 ring?
The general rule for insuring wedding and engagement rings is $1 to $2 for every $100 of value, paid annually. … You’ll want to make sure you’re protected in the event that anything happens in the days after your purchase or receipt of the ring.
How much does it cost to insure a 10000 ring?
But for most people, jewelry insurance costs 1-2% of the value of their jewelry. For example, a $10,000 ring costs about $100 per year to insure.
Does Jewelers Mutual cover loose diamonds?
We provide all types of jewelry insurance, including engagement ring insurance. Watches, earrings, and even loose stones while being set – yep, we cover those too. No matter the type of jewelry you insure, it’ll be protected by our comprehensive repair or replacement coverage.
What is covered by Jewelers Mutual?
Generally speaking, Jewelers Mutual policies cover loss, theft, damage and mysterious disappearance. This includes common causes of loss like leaving your ring on a beach towel, having earrings stolen from your car, cracking your stone on the edge of a table or literally just not having a clue where your necklace went.
What happens if you lose an insured ring?
Your insurer may require you to use a jeweler or other company of their choice. With a jewelry protection insurance policy, your insurer would permit you to have repair or replacement work done at a jeweler of your choice, and would provide you with the same kind and quality of jewelry as the missing or damaged piece.
Who owns Jewelers Mutual?
Scott Murphy – President and CEO – Jewelers Mutual Insurance Company | LinkedIn.
How much should I pay for engagement ring?
General Rule: You should spend at least 2 months salary on the engagement ring. If, for example, you are making $60,000 per year, you should spend $10,000 on the engagement ring.
Does ring insurance cover lost diamond?
Whether you’ve left your engagement ring accidentally behind on the beach, lost a stone at the gym, or had your ring stolen, ring insurance can offer financial protection and peace of mind when you need it most.
Does jewelry cover loss?
Jewelry insurance covers you against losses if your jewelry is lost, stolen or damaged. You may be able to schedule your jewelry on your existing home insurance policy if you only have a few heirlooms, such as a wedding ring or a couple of watches.
How often should you get jewelry appraised?
Insurance companies and appraisers recommend updating jewelry appraisals every two to three years.
How much is it to insure jewelry?
In most cases, jewelry insurance costs about 1-2% of the value of the jewelry per year. So a $5,000 ring would cost $50-$100 per year to insure. You can quickly and easily get a quote for your jewelry items – no personal information required.