• There are various types of engaging and practical covers offered in contemporary home insurance plans. From standard protections such as theft and fire coverage to more creative options like jewellery insurance, you can indeed obtain comprehensive protection for your property and its contents. But what function does jewellery insurance fulfill? Let’s explore this in the article below.

Understanding jewellery insurance

• Jewellery insurance is becoming increasingly popular nowadays. Prominent insurance providers like HDFC Ergo are providing these covers as part of home insurance plans, as well as offering them as standalone policies. Since jewellery is a vital and valuable item you keep at home, you can insure it under your home insurance plan. The insurer will provide coverage against theft, fire, accidental loss, or other damages, provided the jewellery is stored in a securely locked compartment at home.
• Beneficial purposes of jewellery insurance

1. Easy access to your jewels

You can conveniently access your jewellery when it is securely stored at home. Bank lockers are a great choice for safety, but they deny you access to your jewellery in case of immediate need. Whether you have an unexpected invitation or you urgently need to use the gold as collateral for some emergency funds, you will have instant access to your jewels at all times if you keep them at home under the protection of a comprehensive house insurance policy.

2. Easy and affordable

The jewellery coverage included in a tailored home insurance plan is simple to obtain. It is also quite cost-effective. You can secure a substantial amount to adequately cover your valuable items by paying a reasonable premium. This is a significant advantage and a compelling reason why you should consider investing in jewellery insurance when you purchase a property insurance policy.

3. Greater protection

While bank lockers are generally secure, they do not provide compensation in the event of damage or theft. You could potentially lose all your valuables. However, when you obtain jewellery insurance, you receive compensation if your jewels are stolen from your home, even if you keep them in a safe and secure place.

Conclusion

• As you can see, there are numerous advantageous reasons why you should choose jewellery insurance under your home insurance plan. You may need to customize your policy since not every home plan includes this coverage. You can also include this coverage in your renters insurance plan, so consult your insurance provider and determine the best offer available to you.

Disclaimer: The above information is meant for illustrative reasons only. For additional details, please consult the policy wordings and prospectus before finalizing the sales.