Our Personal Jewelery and Article Floater Insurance is specifically designed to provide extra coverage for items that may not be adequately protected by standard insurance policies. Whether it's personal jewelery, musical instruments, or collectibles, we've got you covered.
At Jewelery Store Insurance, we are dedicated to creating customized solutions that precisely fit your individual needs and preferences. Leveraging our deep industry knowledge, we meticulously design personalized policies to tackle your distinct challenges, guaranteeing optimal safeguarding for your valuable business assets.
Specialized coverage for personal jewelry, including engagement rings and watches.
Protecting valuable collectibles: ceramics, coins, stamps, artwork, antiques, trading cards.
Specialized insurance for valuable musical instruments: violins, guitars, pianos, etc.
At Jewelery Store Insurance, we prioritize your satisfaction above all else. Protect what matters most with Jewelery Store Insurance's Personal Jewelry and Article Floater Insurance. Get in touch with us today to learn more and ensure your valuable possessions are adequately protected.
Personal Jewelery and Article Floater Insurance is a specialised policy designed to protect high-value personal items, such as Jewelery, watches, collectibles, and musical instruments that are inadequately covered under a standard Canadian home or renters insurance policy. Offered through Jewelery Store Insurance, a CHES Special Risks Inc. programme with over two decades of underwriting expertise, it provides all-risk, agreed-value protection tailored to the Canadian market.
No. While many home and renters insurance policies provide some coverage for Jewelery, coverage limits, terms, exclusions, and settlement conditions vary by insurer and policy. Certain types of losses or claims may be subject to restrictions or limitations. A dedicated personal Jewelery insurance policy can provide broader protection specifically designed for valuable Jewelery items.
Our Personal Articles Floater policies provide comprehensive risk coverage, including theft, accidental damage, and loss, both at home and worldwide, excluding Russia, Belarus, and Ukraine. Whether your ring is lost while travelling or damaged during everyday wear, coverage can help protect your valuable items against a wide range of unforeseen events.
Our Underwriting team refers the incident to the market's claims team, and adjusters are appointed if necessary.
Jewellery:
Unless otherwise provided, the Insurer shall not be liable for more than the actual cash value of the property at the time the loss or damage occurs. The loss or damage shall be ascertained or estimated according to such actual cash value, with proper deduction for depreciation, however caused. In no event shall the Insurer be liable for more than the amount it would then cost to repair or replace the property with materials of like kind and quality.
Musical Instruments:
At our option, we will repair, replace, or pay for the lost or damaged Property Insured, but we shall not be liable for more than the amount specified in Your Schedule. In the event of partial Loss or Accidental Damage to the Property Insured, we will pay the cost and expense of restoration, plus any resulting agreed depreciation, but not exceeding the amount of the Property Insured shown in Your Schedule.
Dealers:
The market value of the property at the time of loss shall be determined by an independent individual or organisation mutually agreed upon by the Underwriters and the Insured.
Collectors:
A. The basis of settlement shall be:
(i) For items individually listed, the value agreed by the Underwriters and shown in the Schedule. The Underwriters shall not be liable for more than the agreed value;
(ii) For items not individually listed, the market value immediately prior to the loss.
B. In the event of partial loss or damage to any insured item, the amount payable shall be the cost and expense of restoration, plus any resulting depreciation, but not exceeding the full value of that item as valued in A above.
C. In no event shall the Underwriters be liable for more than the applicable limits of liability shown in the Schedule.
D. Following payment of the full amount insured for any item, pair, or set, the Underwriters shall become the owners thereof and reserve the right to take possession of the item, pair, or set.
Yes. A Personal Articles Floater policy can cover multiple eligible valuables, such as Jewelery, watches, collectibles, and musical instruments. To arrange coverage, a detailed schedule of items and their respective values must be provided. Coverage is issued based on individually scheduled items rather than blanket coverage.
Premiums are calculated as a percentage of each item's professionally appraised or declared value. Factors such as the item type, how frequently it is worn or used, where you live in Canada (province and postal code), and security measures you have in place all influence the final rate. Items worn daily or stored in higher-risk locations may attract a slightly higher premium.
It is your responsibility to notify us if the value of an insured item changes. Keeping valuations up to date helps ensure your items are insured for their appropriate value and reduces the risk of underinsurance at the time of a claim.
