Why Is Jewellery Insurance Better Than Warranty Covers?

By Author: O-Locker
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At first, you might confuse a jewellery insurance policy with the warranty for your jewellery, but both are significantly different. In this article, we will explain the difference between a jewellery insurance policy and a jewellery warranty and how jewellery insurance online is best for your jewellery.
 
What is jewellery insurance?
Your jewellery is your most prized possession. People buy health insurance, home insurance, and even car insurance, but they often overlook their most prized and delicate possessions which are their jewellery. A comprehensive jewellery insurance company provides covers for your most valuable possessions, such as earrings, rings, necklaces, bracelets, in short, your entire range of jewellery. 
 
The jewellery insurance online policy provided by the insurance company provides cover against any calamity or eventuality that results in the loss, theft, damage, or stolen of your jewellery. The jewellery insurance policy ...
... offers you a financial cushion in the event if you experience any unforeseen calamity with your jewellery. Here is a list of acts that the jewellery insurance should cover particularly:
 
Theft
The world around you is not perfect and precious items like jewellery are more susceptible to theft and robbery. Therefore, a comprehensive jewellery insurance policy will provide you with cover if your jewellery is lost or stolen. If someone nabs your jewellery and runs away, or you’ve lost your jewellery in a robbery, you no longer need to worry if you have an insurance policy.
 
Loss
For instance, you are enjoying your vacation and accidentally forget your jewellery in the hotel bathroom. You don’t realize it until you are back home. If the jewellery has the insurance policy from the jewellery insurance company, you would be covered financially or the jewellery will get replaced.
 
Damage
Hypothetically, you are making some changes to your room. You’ve kept some jewellery at the table, and while moving the jewellery, it falls and breaks or gets dislodged. If you have proper jewellery insurance, then it will encompass all costs of the repairs of the jewellery.
 
Force Majeure or Act of God
If you are caught in the middle of a devastating natural calamity such as an earthquake, fire, floods, storms, hurricanes, or tornadoes, and this causes damage or loss to your jewellery, then if you have jewellery insurance, it will cover you for the loss. The jewellery could get replaced without any extra expenses.
 
What is a warranty?
According to the best jewellery insurance company, a warranty is like an extra service for your jewellery provided by the jeweller. The warranty provided by the jeweller covers minor issues  like wear and tear of your jewellery while you are wearing them. Sometimes, the warranty also covers minor repairs that your jewellery may need due to regular use. Moreover, the warranty includes any kind of penetrative maintenance such as stone or diamond tightening, cleaning, slight scratches or buffing that may occur due to wearing them every day.
 
Note that a warranty does not provide cover for your jewellery. It does not protect or replace your jewellery, in event of loss, theft, damage, or robbery. Most people buy the warranty thinking that it will cover their jewellery against loss and theft, but in reality, it does not. 
 
A warranty will only help with maintaining the wear and tear on your jewellery due to regular use. Never confuse the warranty for a jewellery insurance policy provided by jewellery insurance companies in India,
 
Insurance or warranty, which is better?
According to the best jewellery insurance company, like any expensive and important purchase, it is a wise decision to apply for insurance policies along with the purchase. This will protect your prized possession. It is better to spend some extra money than risk losing all to a loss, theft, or damage. 
 
Not to mention that a loss, theft or damage of jewellery will have a huge impact on our finances. The insurance policy will provide you with a cushion against such financial impact. Moreover, it will secure your investments and interests in case of any uncertainty. 



There is no better feeling than getting your jewellery repaired or replaced after it has been damaged, lost, or stolen. Therefore, always opt for insurance policies the next time you buy a piece of precious jewellery.
 
If you want more details about the best jewellery insurance companies in India, you must visit O-Locker today.
 It is important to know why jewellery insurance is better than a warranty on jewellery. Visit O-Locker to know more.