Owning a lot of valuables is a slippery slope. They may secretly make you feel proud and outwardly rich and fashionable, but they also attract a lot of unwanted attention. For one thing, you can hardly ever hide your precious wearable by the flash of luxe designer garments. They will show, because, for all intents and purposes, they are designed to show. So, what’s the fair ground between wearing them boldly in public and putting up with the risks and keeping them safely locked up in the vault? The answer is to get them insured.
Why Exactly Should I Insure Them?
Well, you may want to get your valuables insured for the same reason you get your house, car and other high-value assets insured. Even if the odds seem to be in your favor, what if someone loses a piece or all of them by accident tomorrow? Building the treasure from the scratch can be a debilitating experience, financially speaking. Besides, if some of the artifacts were heirloom or vintage jewelry, there is no replacing them.
But, don’t expect the insurance company to find you an exact match in the market. Instead, for all rare pieces, the insurers pay up a little extra so the owner can get them refashioned closely by an able designer. Insuring your jewelry is to do away with the risks of losing them in any way. The insurance company thereby stands liable to replenish you financially with the total worth of the goods lost so that you can buy them back at your own convenience.
What If I Don’t?
You may not as well choose to buy an insurance policy for your jewelry. But then, you will be putting up with the risks that come with that. But frankly, that can turn out to be a pretty nightmarish decision. Should you return home one day to find the house ransacked and all your valuables gone, you can do little but bite your own fingers. Not getting an insurance can prove to be a horror at some point, if it does.
However, if you do not have strikingly expensive pieces, but jewelry that are fairly affordable and aesthetically replaceable, then don’t bother adding a premium to your monthly budget. But if you love your valuables, it is an obvious thing to do to protect them for life.