{"id":42205,"date":"2022-10-31T11:05:35","date_gmt":"2022-10-31T10:05:35","guid":{"rendered":"https:\/\/thenaturalgem.com\/?p=42205"},"modified":"2022-10-31T11:05:35","modified_gmt":"2022-10-31T10:05:35","slug":"insurance-for-your-gemstones","status":"publish","type":"post","link":"https:\/\/thenaturalgem.com\/en\/insurance-for-your-gemstones\/","title":{"rendered":"Insurance for your gemstones<\/span>"},"content":{"rendered":"

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Anyone who purchases gemstones or jewelry is also concerned about how to adequately insure them in the event of loss or theft. The first step is to keep all documents related to a gemstone or piece of jewelry well and secure – invoices, certificates, appraisals and documentation such as photos or reports. But the second step is to make sure that the valuables are also covered by an insurance policy.<\/p>\n

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Are gemstones covered in your household insurance policy?<\/span><\/h2>\n

[\/vc_column_text][\/vc_column][vc_column][vc_row_inner][vc_column_inner width=”3\/4″][vc_column_text]Valuables are included in many household insurance policies, but the compensation for damages under these policies is usually only a few thousand euros.<\/p>\n

Investment-grade gemstones<\/a>, heirlooms and other high-value possessions should therefore be insured additionally. For this purpose, insurers offer separate policies for insuring valuables (which may include fur coats, for example), also called valuables insurance<\/em> policies.[\/vc_column_text][\/vc_column_inner][vc_column_inner width=”1\/4″][vc_single_image image=”42172″ img_size=”full”][\/vc_column_inner][\/vc_row_inner]

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What do you need for the insurance of gemstones?<\/span><\/h2>\n

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Insurance companies insist on presentation of the certificate in order to insure a gemstone.<\/p>\n

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<\/div><\/div>[\/vc_column][vc_column width=”3\/4″][vc_column_text]An appraisal of the gemstone by an appraiser or a gemstone certificate is a prerequisite for insurance. Certificates for gemstones from independent gemological laboratories<\/a> are essential for determining the authenticity, treatments and ultimately the value of the stone. The appraisal or certificate for insurance should show the so-called retail replacement value, which is the price a consumer would have to pay for the piece in a jewelry store (including VAT). In addition, some insurers also require an invoice for the purchase.<\/p>\n

Certificates, invoices and other documentation related to gemstones must always be kept separately from gemstones for additional protection. In addition, it is also advisable to carefully store digital copies of these documents in order to be able to access them quickly in case of an emergency.[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column]

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What to look for in gemstone insurance?<\/span><\/h2>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row css=”.vc_custom_1589879657419{margin-top: 20px !important;}”][vc_column width=”3\/4″][vc_column_text]When obtaining quotes for gemstone insurance, you should carefully consider the following points:<\/p>\n