Jewelry theft
is ofttimes covered by homeowner's or renter's insurance.
The FBI developed the Jewellery and Gems Programme in 1992 on account of of the jewellery theft dilemma in the U.S. The programme's bourn is to snatch thieves who rationale jewellery stores, on the contrary the necessity for the programme emphasizes the extent of the stolen-jewelry doubt. Provided you involvement a jewellery theft, you no longer hog the jewellery to expo the insurance company, forming it difficile to say replacement assessment.
Instructions
1. Examine for the inceptive acquire taking. This shows trial of ownership, which is elementary for the insurance association to wages the asseverate. It also gives you a starting point for replacement cost valuation. You need to set up a description of the item, proof of ownership and an estimate of the replacement value.
2. Many homeowner's policies have a maximum coverage of $1,000 for jewelry, and some have a deductible. The total coverage may be less than the value of the item, but the maximum you will be able to recover from the insurer. If you have a rider or separate jewelry coverage, read the policy to see what proof is necessary for replacement value coverage. It is possible that acceptance of the item at a scheduled insured value is sufficient for an insurance claim.
3. Look for advertisements for the jewelry in the original sales brochure. Contact the maker. Most companies save sales brochures for past years.
4. Contact the jewelry store where you bought the item and provide the approximate date of purchase. See if the store can provide you with a copy of the receipt.
5. Check your banking records to see if you have money transfers or a check for the purchase. Also, check your credit card records if the jewelry purchase was by credit card.
6. Read your insurance policy carefully for coverage provisions. Check to see if you have any photographs of the jewelry or photographs with someone wearing the jewelry. These pictures provide a visual description and are proof of ownership. They may help establish value for insurance purposes.
