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Specific jewellery insurance?

(6 Posts)
latherrinserepeat Wed 20-Jul-11 16:45:21

has anyone any experience of specific jewellery policies please? At the moment we have my engagement ring listed as a specific item on our home contents policy as it is above the insurers general limit. In the last year I have added a couple of other bits of jewellery as specific items as i inherited them. However these warranted an additional premium and as I am approaching renewal I wondered about insuring my ring and these items separately through a specialised insurer in case it's better value/cover. I do wear the items (diamond ear studs and a solitaire necklace) quite a bit so don't want to be required to keep them locked in a safe box etc.

I have also posted this in money matters but wondered if any S&B ladies had any experience/recommendations? Thanks very much.

ChablisLover Wed 20-Jul-11 22:07:33

Hi there.

I find it cheaper to keep jewellery under the house policy and it gives same level of cover as a separate policy.

Hth

Bradsmum Wed 20-Jul-11 22:12:04

I had to have certain things itemised under separate policy as the limit on household didn't cover it. Rang around for quotes and all were better than household insurer.

Shell178 Wed 20-Jul-11 22:16:40

I advise you to really look into what insurance cover works for you.
My parents jewellery got stolen and the insurance company offered tham 2 options; 1) Take vouchers for 100% of what the insurance company valued the items to be - sounds good but they were for specified jewellers 2) Take cash at 34% of the item value!!

So please look at the small print of whatever cover you go for.

latherrinserepeat Thu 21-Jul-11 14:36:40

Thanks for your replies. Would be grateful to hear of any other experiences- thanks

whoneedssleepanyway Thu 21-Jul-11 14:41:26

It is definitely cheaper to insure with the home contents policy but I echo what Shell said.

I had the misfortune of having my jewellery stolen in a burglary and was offered either vouchers for Signet group (H Samuel, Ernest Jones) for the full value of the jewellery (based on their valuation) or cash at a massive discount. This is because they had some kind of bulk discount deal with Signet for replacement. I had some antique items which clearly couldn't be replaced at Signet group but they wouldn't budge. In the end I took part vouchers that I used to buy a watch and the rest in cash so I could chose things from anywhere I wanted.

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