Part I: Should I Insure My Pearl Necklace And Other Jewelry?

So, you’ve saved for months and you’ve finally bought the pearl necklace of your dreams. Your next thought is, Should I get this insured? After all it makes sense considering the amount you spend on it. It’s after all an investment. If your seriously thinking about it, you can start researching various options on how to go about insuring it.

Here are a few important useful details:

• If you have an existing home or renter’s insurance, you may be able to add your jewelry to this policy

• You can add what is known as a ‘rider’ or an extension to this policy

• Check with different insurance agents or consultants, how much this rider would cost

• Rates of insurance vary from city to city

• Even your jeweler would be able to guide with how to go about getting an insurance

• It’s important to keep the receipt of the jewelry that you want to insure