Jewelers Mutual is a company that provides specific coverage for jewelers … This is basically a percentage increase in your coverage limit (and consequently, your premium) meant to keep you from being underinsured. In bad, will your insurance company step up to the plate? While the home address of the both the jewelry wearer and applicant need to be in the United States or Canada*, our coverage does travel with you worldwide. Consequently, you would have to pay the difference out-of-pocket to get an equal replacement. Our personal jewelry insurance provides worldwide coverage against loss, theft, damage and mysterious disappearance. Ring Appraisal for Insurance: What You Need to Know. Damage from vermin, rodents or insects isn’t covered. Coverage is offered by a member insurer of the Jewelers Mutual Group, either Jewelers Mutual Insurance Company, SI (a stock insurer) or JM Specialty Insurance Company. How Much Should a Jewelry Appraisal for Insurance Cost? When we say we’re jewelry experts, we mean it. Jewelers Mutual offers insurance for jewelry … Jewelers Mutual is the only insurer in North America solely dedicated to jewelry insurance for over 100 years. You know how many insurance companies have a network of providers for you to choose from? When you add jewelry to your homeowners policy, you will typically get a check for the amount your jewelry is insured for. Insuring your jewelry for its current retail replacement value is vital to repair or replacement. So, a $5,000 engagement ring will cost about $50-$100/year to insure. Jewelers Mutual offers insurance for jewelry designers and will work with you to customize coverage that fits your needs and budget. Jewelers Mutual Insurance Company is an insurer that specializes in protecting jewelers and personal jewelry in the United States and Canada. If any additional documentation is needed, your claims representative will let you know. Jewelry insurance rates depend on several factors – including where you live – but in many cases, annual coverage could cost roughly 1-2% of your jewelry’s value. Loss or damage due to war, military action, nuclear hazard or confiscation by civil authority, like law enforcement or other government entities, is not covered. A deductible is the amount of money you must pay out-of-pocket when you file a claim for jewelry damage, theft or loss. The company has been in operation for more than 100 years. Luckily, that’s not the case!   It has received endorsements from the American Gem Society, Jewelers of America, the Canadian Jewellers Association, Jewellers Vigilance Canada, Manufacturing Jewelers and Suppliers of America and the Jewelers… Rates are based on several factors, including where you live. Of course, if you have any questions, need further information, desire a … Covers damages associated with lawsuits from personal injury, property damage, and other scenarios. *Deductible options may vary based on previous loss history or underwriting review. While we certainly hope you don’t experience the damage or loss of your treasured jewelry, we are here to help if you do. Box 3601 , Neenah , WI 54957-0468 Phone: 888-884-2424 Often, your trusted jeweler may be the same one your parents, and their parents, worked with. Any documentation, like a receipt, appraisal or dated photo of the jewelry, that proves it's yours. Check out our blog for advice on how to choose the right deductible for you. Coverage is subject to underwriting review and approval, and to the actual policy terms and conditions. Find out in under a minute! If your jewelry’s value was over-inflated, you could spend more than necessary to insure your piece. Compare pay for popular roles and read about the team’s work-life balance. In addition, Jewelers Mutual’s Perfect Circle Jewelry Insurance coverage protects nearly 300,000 individuals’ personal jewelry … Founded in 1913, Jewelers Mutual got its start by offering premium service and protection to jewelry stores. It will then be up to you to try to get something similar to what you had before. An appraisal is used to set the coverage limit on your policy. See for yourself what your premium would be with a $0 deductible by getting a free quote. NEENAH, Wis. (October 30, 2020) – Jewelers Mutual Group today announced it has signed a definitive agreement to acquire Wexler Insurance Agency / IJB, one of the world’s largest insurance agencies dedicated to providing risk management solutions to the jewelry industry. Jewelers Mutual Group , 24 Jewelers Park Drive, P.O. If your policy has a deductible, pay that amount to your jeweler. Any descriptions are a brief summary of coverage and are not part of any policies, nor a substitute for the actual policy language. We think protecting your jewelry is worth it! Your jewelry isn’t ordinary, so don’t settle for ordinary insurance. If you file a claim, you’ll walk away with a piece that’s the same kind and the same quality as the one you had. Policyholders of both insurers are members of Jewelers Mutual Holding Company. Jewelers Mutual is the only insurer in the U.S. and Canada* specializing exclusively in jewelry insurance. Please visit Jewelers Mutual Insurance Company to access this information. Purposely damaging or losing your jewelry won’t be covered. The lower your deductible, the higher your premium, which is the amount you pay each year to keep coverage going. Jewelry Insurance is provided and written by a member insurer of the Jewelers Mutual Insurance Group, Neenah, Wisconsin and is secured through GEICO Insurance Agency, Inc. Coverage and … We also provide custom insurance … Jewelry insurance carriers may also have specific jewelry repair or replacement companies you are required to work with. If you think your business deserves an insurance company that offers more than an off-the-shelf policy, you’re not alone. With Jewelers Mutual, your deductible options* start with $0, $100, $250 and $500. how to choose the right deductible for you. (Think gradual, expected deterioration like small scratches on the underside of a ring.). A police report, depending on the jewelry and how it was lost or stolen. Many traditional insurance policies simply reimburse you for the cost to repair or replace your lost or damaged jewelry with “like kind and quality.” In these cases, you’re left to deal not only with the emotional toll of losing a sentimental symbol, but also the stress of trying to get an equal replacement for your original piece. The Graduate Gemologist program through the Gemological Institute of America teaches both technical expertise and practical skills to evaluate gemstones by the 4Cs, the International Diamond Grading System™, and the Colored Stone Grading System. Instead of filling out a full jewelers block application only to be presented with a one-size-fits-all policy, we'll work with you to customize a solution based off simple questions that take less than two minutes to answer. But, it's really important. You may not be able to explain how, where or when it happened. With Jewelers Mutual, we understand the important relationship you have with your jeweler. All the work behind-the-scenes is done for you by someone who specializes in the unique properties of fine jewelry. Because who doesn’t have a little wanderlust in them? Need more help with your jewelry appraisal? James Allen is not a licensed agent of Jewelers Mutual and does not sell or recommend insurance. It is also common for many insurance companies to require multiple estimates before covering a repair or replacement cost. The jeweler will bill us for the rest. Our personal jewelry insurance provides worldwide coverage against loss, theft, damage and mysterious disappearance. Sometimes what’s not covered is more important than what is covered. When it’s time for repair or replacement, we work with your trusted jeweler. Once you get the okay from us, head to your jeweler. If your jewelry is only covered under your homeowners or renters insurance, and you file a claim with them, your rate could go up for your entire homeowners or renters policy. We don’t pick one for you (but we can help you find one). Uncover why Jewelers Mutual Insurance … “We are pleased to have Wexler and its proven team led by Gary Wasserman and Steve Wexler join Jewelers Mutual … You hit your diamond ring on the edge of a table and it cracks, or you’re pulling on a sweater and a prong is bent. To put that in perspective, jewelry insurance can cost less than getting one coffee every month for a year. 45 Jewelers Mutual Insurance Company reviews. Jewelers Mutual does not require more than one estimate. All employees enjoyed going to work each day, "working … We are available to residents in the United States and Canada*. A short statement explaining what happened, including a list of damage if your jewelry wasn't lost or stolen entirely. Jewelers Mutual Insurance Company operates as an insurance company. Coverage is offered by a member insurer of the Jewelers Mutual Group, either Jewelers Mutual Insurance Company, SI (a stock insurer) or JM Specialty Insurance Company. We'll let you know if it's needed. If you're not sure who to use, we can help find a jeweler near you. We don't insure cars or houses or fancy purebred dogs. Accidents happen. Jewelry insurance cost. We insure jewelry and only jewelry. (This is why having a recent appraisal is so important!). For jewelry insurance from Jewelers Mutual, you have flexible deductible options*. Our policy also covers loose stones, including while they are being set by your jeweler. Safeguard your jewelry-making equipment, tools, and other items like computers and office supplies. Yeah, that's what we thought. While coverage is only available to residents of the US and Canada, you can travel worldwide without worry. A free inside look at company reviews and salaries posted anonymously by employees. So, naturally, you're super excited to talk about insurance, right? Read more about what you need to know. Most homeowners policies don’t cover loss, disappearance, damage, earthquakes, or floods. Coverage is offered by a member insurer of the Jewelers Mutual Group, either Jewelers Mutual Insurance Company, SI (a stock insurer) or JM Specialty Insurance Company. You can jet-set across the globe and not have to worry about wearing your favorite jewelry. We don’t just cut a check and run like most insurance companies. Jewelers Mutual Insurance Group Ratings. We began offering personal jewelry insurance to individuals in 1953 after a suggestion by jewelers to offer the same service and protection to jewelry … Jewelers Mutual was founded by jewelers in 1913 and remains the leading insurer solely dedicated to insuring jewelry and the jewelry industry. Jewelers Mutual said the $134, $250 deductible premium was valid until Feb. 2, 2020. Many big-name insurers are jacks-of-all-insurance trades. for a $5,000 ring in Dallas (75043) with a $100 deductible, for a $2,500 chain in Las Vegas (88901) with a $0 deductible, for a $3,000 bracelet in Chicago (60614) with a $0 deductible, for a $7,000 watch in Oakland (94577) with a $100 deductible, for a $5,000 ring in New York (10016) with a $100 deductible, for an $5,000 ring in Toledo (43460) with a $0 deductible, for an $2,500 watch in Orlando (32829) with a $0 deductible, for an $8,000 ring in Seattle (98107) with a $0 deductible. At the end of the day, you have insurance so you can file a claim when you need to. Specialties: We specialize exclusively in protecting jewelry. Get comprehensive coverage with a standalone policy that won’t leave you hanging. You’re also much more likely to get a same kind and quality replacement from the jeweler who sold you the original piece. Coverage is … Best for Custom Jewelry Coverage: Jewelers Mutual. We are proud members of The New England Jewelers Association, The Boston Jewelers Club, The Providence Jewelers Club and MJSA (Manufacturing Jewelers’ and Suppliers of America). Sometimes jewelry just disappears – it could be lost, stolen or hanging out in a drainpipe somewhere. Jewelry insurance is affordable at Progressive. You can then select the information that interests you. Our commitment to excellence has earned our agent’s recognition from Jewelers Mutual Insurance … How to make a ring smaller without resizing. See how our coverage compares to a typical homeowners policy. You can also provide an updated appraisal for the greatest accuracy, or you can opt-out of this feature all together. The Risks of Adding Jewelry to Homeowners. Jewelers Mutual Insurance Group also offers jewelry business insurance for … Policyholders of both insurers are members of Jewelers Mutual Holding Company. (If you have a $0 deductible, and the cost of replacement isn't more than you insured yours for, you pay nothing. 47 Jewelers Mutual Insurance Company reviews. This coverage is not found in all insurance policies. Sheng Vang. Choose a jeweler to repair or replace your item. Jewelry that’s loved and worn often doesn’t stay pristine, either. If your jewelry was replaced entirely, we'll help you add that to your policy. To help us get you there as fast as possible, prepare the following before you start your claim. And it's not as expensive as everyone thinks it is. With a Jewelers Mutual policy, one of our jewelry experts will connect you with your jeweler to find a same-kind-and-quality replacement. A Certified Gemologist has taken advanced studies in diamonds and colored gemstones through the American Gem Society, and demonstrates mastery of diamond, gemstone, and precious metal testing procedures. It only costs 1% to 2% of the total value of your jewelry. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. We realize you can’t always pinpoint how or where your jewelry disappeared, so we cover mysterious disappearance – a coverage often overlooked by other carriers. While it seems a lot of people claim to be experts these days, we can say with confidence we are the only insurer in North America solely dedicated to jewelry insurance for over 100 years. 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