Here’s How to Get a Better Deal on Jewelry Insurance
STEP-1
Understand the benefits of specialized jewelry insurance.
Specialized jewelry insurance companies understand the jewelry industry. They cover the real risks from loss, theft, damage and “mysterious disappearance.” That means providing an equivalent replacement for a lost or stolen piece of jewelry should you make a claim. Most will also work with your local jeweler to make sure you get the quality replacement you deserve.
Licensed in all 50 states and DC, BriteCo offers 5-star rated jewelry insurance that provides coverage up to 125% of an item’s appraised value with no deductibles. Claim replacements are handled through the jeweler of your choice.
STEP-2
Compare policy prices
Most jewelry insurance policies cost from 1% to 3% of the appraised value of an individual item. It is important to compare costs since many insurers have not updated their pricing in decades to reflect gains in efficiencies with newer technology.
BriteCo has developed an innovative insurance pricing model that averages .5% to 1.5% of appraised value which can give you substantial savings. That means you can insure a $5,000 engagement ring for as low as $5 a month. Go online to https://brite.co and click on the “Check Your Price” button.
Put in the type of item you want to insure and its value based on an appraisal or the price you paid for it. Provide your name, an email address and your zip code. You get an instant customized quote for insurance in 30 seconds.
STEP-3
As a regulated industry, jewelry insurance companies have applications that typically require you to answer a few questions.
Once you receive a customized quote from BriteCo, for example, you proceed by answering a few more questions online to make sure you get all the discounts you’re entitled to, or to add an insured person at no extra cost.
You then receive a final price and choose how you want to pay (monthly or with a discounted annual payment). That’s it. You can be insured in about two minutes.
STEP-4
Get your policy online and upload documents.
Jewelry insurers almost always require documentation of your item’s value in case you make a claim.
To confirm your policy terms with BriteCo you need to upload an appraisal, detailed sales receipt or a lab certificate for the insured item along with a current photo of the piece taken from your cell phone. You’ll get your policy via email, usually within 24 hours.
STEP-5
Rest easy. You’re fully covered.
BriteCo gives you full replacement, worldwide coverage for lost, stolen or damaged jewelry items up to 125% of their appraised value.
There’s no deductibles and no need to reappraise since we update values each year to make sure your coverage is up to date. With policies starting as low as $5 a month for a $5,000 engagement ring there’s no reason you can’t get easier, more affordable jewelry insurance.
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No excuses. No regrets. Get a no-obligation quote for insuring your fine jewelry with BriteCo and see how easy and affordable great coverage can be.