Investing and personal finance news platform, Benzinga, recently published a first-person account of one consumer’s journey to finding the best jewelry insurance companies. Lee Goldberg made his first big jewelry purchase when he bought a diamond engagement ring for his wife in 2012. The jeweler where Lee bought the ring suggested he check out Jewelers Mutual (JM), a century-old insurance company that provides coverage for jewelry stores as well as personal insurance coverage for jewelry.
Lee went to the JM website, and after several back-and-forth emails, he was able to get a policy after providing documentation of his purchase. Over the years, he bought his wife additional luxury jewelry pieces. According to Lee, each added piece involved a tedious, slow process with JM requiring days to get coverage.
At one point, Lee found himself researching new options for home, auto, and jewelry insurance. He subsequently switched his homeowners and auto insurance to a different carrier, saving money. As he evaluated his JM jewelry insurance policy, he discovered BriteCo.
Switching his schedule of jewelry items from JM to BriteCo, Lee notes the speed and ease with which he was able to get BriteCo insurance. He received a competitive policy quote from BriteCo in seconds online and was able to confirm coverage in a
matter of minutes. Lee appreciated that BriteCo’s separate jewelry insurance policy offered tailored protection that homeowners insurance, renters insurance and other general policies couldn’t match.
Furthermore, the jewelry insurance cost with BriteCo was significantly lower than other insurance companies he had considered. The policy included worldwide coverage providing peace of mind no matter where he or his wife traveled with their jewelry. With BriteCo, Lee was able to save about $60 per month (almost 40% less than JM) for the same coverage. His BriteCo policy will replace any lost, stolen or damaged item at 125% of appraised value with no deductible, and a monthly payment option. To see the full story, Click here to keep reading and learn more about why BriteCo is your best choice for protecting your valuables compared to Jewelers Mutual insurance, or contact BriteCo today to get an instant comparison quote.
Lee found that while many jewelry insurance companies provide similar coverage, BriteCo stands out among jewelry insurance providers for its quick and efficient process. Unlike homeowners insurance companies that might offer some jewelry coverage, BriteCo offers a standalone jewelry insurance policy that caters specifically to high-value items. BriteCo offers generous coverage limits, with policies covering up to $250,000 per item and $750,000 per schedule, ensuring comprehensive protection for high-value jewelry. This specialized jewelry insurance policy ensures that each piece of jewelry is protected without impacting his homeowners insurance premiums if he ever makes a claim. Learn more here about whether homeowners insurance cover jewelry?
Switching to BriteCo not only streamlined Lee’s insurance process but also offered better value and more robust protection. For anyone looking to switch jewelry insurance policies, BriteCo is a compelling choice.