Yes, your homeowners insurance policy does cover jewelry, but here's the catch—it's probably not nearly enough. Think of it as a token gesture. For most standard policies, the coverage for valuables like jewelry is shockingly low, often capping out at just $1,500 for your entire collection. That means if your
For a jewelry store owner, insurance isn't just about checking a box for compliance—it's about survival. You’ll have legal requirements, sure, like Workers' Compensation if you have employees and General Liability to satisfy your landlord. But the real make-or-break coverage for a jeweler comes from protecting the very things that
For anyone in the jewelry business, risk isn't just some abstract concept—it’s a daily reality. This is why true risk management services are so much more than a simple insurance policy. They're about creating a proactive strategy to defend every single part of the business you’ve poured your life into,
When you're shipping a high-value piece, it's tempting to see that "insured shipping" checkbox and think you're covered. For a jeweler, that's a dangerous mistake. What freight carriers offer isn't true insurance; it's a severely limited form of liability that can leave you with pennies on the dollar after a
A free jewellery appraisal is almost always a quick, verbal opinion of your item's value—not a formal, written document. It’s a fantastic way to satisfy your curiosity about an inherited piece or get a ballpark figure if you're thinking of selling, but it’s not what you need to get something
In the high-stakes world of jewelry and high-value goods, the journey from mine to showcase is filled with unique and significant risks. A single disruption, such as a lost shipment, a compromised supplier, or a geopolitical tremor, can trigger devastating financial and reputational consequences. Traditional security measures, while important, are
When you ship a five-figure diamond ring, the last thing you want to do is tick the box for the carrier's default insurance. Let’s be clear: specialized marine insurance cargo coverage, often baked into a proper Jewelers Block policy, is the only real way to protect high-value assets once they
When you inherit a jewelry collection or need to handle one as part of an estate, a formal appraisal is one of the most critical first steps. A jewelry estate appraisal is a detailed, legally sound valuation of a collection's fair market value, prepared specifically for settling an estate or
So, how much should a ring appraisal really cost? Let's get straight to it. On average, you can expect to pay between $75 and $200 for a professional ring appraisal. For a simple solitaire engagement ring, you'll likely land on the lower end of that range. But for more complex
So, what's the bottom-line cost? Let's cut straight to the chase. As a solid rule of thumb, you can expect the cost to insure a ring to be 1% to 3% of its total appraised value each year. So, if you have a $10,000 engagement ring, you’re looking at an
