For many holiday shoppers, jewelry is the go-to gift. But if you’re like many and wait until the last minute, you’ll want to make sure you’re not skipping key steps in choosing and protecting that important purchase.
- Ask the right questions. Before committing to a big-ticket jewelry purchase, do your due diligence. Get a certificate of authenticity, especially if buying online. And, make sure you can return it, in case your gift wasn’t exactly what he or she had in mind.
- Don’t show off. Many jewelry designers have well-known brands, that are easily recognizable by their packaging. To reduce the likelihood that you’ll be the target of theft, put your jewelry purchase in another, less conspicuous bag before you leave the store.
- Find a safe storage place. Store your jewelry in an off-site safety deposit box or permanently mounted combination lock safe when it’s not being worn. That way you’ll know where it is and it’ll be protected in the event of a burglary.
- Verify your insurance coverage. Your homeowner’s insurance may not fully cover an expensive jewelry purchase. To provide peace of mind, consider purchasing a valuable articles policy that provides all-risk protection as well as automatic coverage for newly acquired pieces.
For questions about your current valuable articles coverage, please contact Mike Jones, Alper’s Director of Personal Lines, at MJones@AlperServices.com.
Content provided by Chubb.