You have presented your sweetheart with a lovely, and expensive, pearl necklace for Valentine’s Day. She is overjoyed at your generosity and your thoughtfulness. The moment and the day end and life goes back to normalcy.
Did you forget something however? What is gnawing at the back of your mind? Then it comes to you! You forgot to call your independent insurance agent and have the jewelry insured! The phone call is made, a copy of the bill of sale is sent to your agent, and your agent adds a jewelry schedule to your policy. The necklace is now fully insured. You breathe a sigh of relief.
Since a typical homeowners or renters insurance policy does not provide full protection for jewelry, it is important to itemized items of jewelry on a schedule and specific state the amount of insurance for each item. Your independent insurance agent can help explain all this to you.
- Henry Lowndes