Getting your jewellery insured with Centrestone Jewellery Insurance is the best way to ensure your precious jewellery is protected. The company is one of Australia’s leading special jewellery insurers, and provides a wide range of cover options. This includes a Zero excess feature and cover for up to 150% of the item’s appraised value. It also offers like-for-like replacements and is compliant with new regulations.
Coverage for 150% of the item’s appraised value
Buying jewelry insurance can be an expensive proposition. In addition to the insurance company’s deductible, you may have to fork out the cash to get your jewelry back. Plus, not all jewelry insurance is created equal. A reputable jeweler will be happy to provide you with an appraisal.
However, it’s important to understand the complexities of jewelry insurance before you jump into it. Having the right policy will ensure you are covered in the event of a loss. Having an accurate appraisal can be helpful if you are considering selling your jewelry down the road.
Jewelry insurance is typically purchased as a standalone product, but you can also add it to your homeowners insurance policy. Most homeowners insurance companies are limited in their coverage. For instance, most policies cap coverage at $1,000 to $2,000. For those of you with expensive jewelry, you might consider purchasing a separate policy. Depending on your circumstances, you may also want to consider purchasing a cash value insurance policy.
Unlike other jewellery insurance policies, Centrestone Jewelry Insurance offers a like-for-like replacement process. This means that if your jewellery is stolen, you are guaranteed to receive the same replacement item as you did before the incident. It also means that you won’t have to pay a deductible.
This is a good feature as it minimises the premiums that you pay. The insurance provider should also provide a hassle-free claims process.
Another important feature is that Centrestone Jewellery Insurance offers cover for jewelry anywhere in the world. The insurance provider will deal with the original jeweller and get a replacement item sent out as soon as possible. This means that the claimant won’t have to pay extra for repairs.
Centrestone Jewellery Insurance is fully compliant with new regulations. This includes a new deferred sales model that means you won’t be pressured to sell your jewellery. This model strengthens consumer confidence.
Centrestone also offers a four-day policy that ensures you are protected for four days after you have lost your jewellery. The insurance provider will pay the full insured amount, less a $50 excess.
Zero excess feature
Amongst the a bevy of competitors in this crowded industry, Centrestone nailed it on the home front. A whopping four hundred and sixty five thousand customers are spread across the states, with the best claims on the east coast. They are well-versed in the insurance business and have the sexiest customer service representatives around. They offer the trifecta of perks including free home and auto insurance, free and discounted auto insurance for spouses and children, and free home and auto insurance for pets and other non-essentials. Unlike many of their rivals, they actually make customer service a priority. After all, this is not a cheap business.
Compliant with new regulations
Those looking for a new jewellery insurance policy will be happy to know that Centrestone Jewellery Insurance is fully compliant with new regulations. The new regulations, which came into effect after the royal commission of Kenneth Hayne QC, were introduced to prevent consumers being pressured into buying insurance policies that they don’t need.
The new regulations, which affect jewellery sellers and manufacturers, require that their products comply with US product safety standards and lab tests. These regulations are in place to protect the consumer from products that could pose a health hazard.
Imported jewelry must undergo lab testing to determine whether it is in compliance with the US regulations. These products are also required to have a warning label on them. The product will not be sold if the warning label indicates that the jewelry has been found to contain excessive amounts of heavy metals or other substances.
If a product is found to be non-compliant, Amazon may remove it from its marketplace. Amazon may also request additional information from the seller. This could include invoices, photographs, and lab test reports.