Glazer Financial Network

Resources

Property & Casualty Blog

February
2018

Have Some New Jewelry in the House? Protect it!

It’s exciting to receive jewelry from a loved one — or to give it as a gift. Not to mention romantic. But if you’re lucky enough to have some new jewelry this Valentine’s Day, you should take a few minutes to think about something you probably don’t find exciting or romantic: insurance.

You may need to purchase additional coverage. Your homeowners policy covers valuable items such as jewelry only up to set amounts. If the cost of replacing your jewelry exceeds that limit, you will want to purchase scheduled personal property coverage.

You might want to reconsider your deductible amounts. As always, this impacts your policy premium. It’s a good idea to take a look at your deductibles whenever you make a change to your policy.

Do you need an appraisal? You may need to have an independent appraisal if the insurance company requires it or if you don’t know the value of your jewelry.

What kind of coverage is offered? You’ll want to determine if items are covered no matter where they are, and if the policy offers full replacement cost. You also should ask if you will be required to replace your jewelry if lost or stolen, or if you can simply keep the cash settlement.

Pictures can be helpful. Lost or stolen pieces of jewelry sometimes can be recreated if the jeweler has a good photograph to work from.

Of course, it’s important to store your jewelry securely when it’s not in use; a safe in your home or a safe-deposit box is best. We want your jewelry to be replaced if it’s lost or stolen, but we’d rather your sentimental and valuable pieces stay with you and your family for years to come.

Contact Us!

At Glazer P&C, we can work with you to make sure you've got the coverage you need, while at the same time using all possible credits and discounts to make that coverage affordable. Just give us a call at 972-385-0933 or send us a note at jmurray@glazerfinancial.com. We want to help you meet your goals, and make sure what's important to you is protected!

Refer A Friend

At Glazer P&C we truly value having you as a client. If you know anyone who needs an insurance review, and is looking to shop the market, Please send them our way!

Your referrals are greatly appreciated. Thank you for your trust in us.

View the Next Monthly Tip

Securities offered through Kovack Securities, Inc. Member FINRA / SIPC.
6451 N. Federal Highway, Suite 1201, Ft. Lauderdale, FL 33308 (954) 782-4771.
Advisory Services offered through GFN Capital Management a Registered Investment Advisor.
GFN Capital Management and Glazer Capital Management are not affiliated
with Kovack Securities, Inc or Kovack Advisors, Inc.

Glazer Financial Network is located at
13747 Montfort Drive, Suite 350
Dallas, TX 75240