INSURANCE REVIEW

There are certain types of insurance that can be obtained to cover your most precious gems.

First, we will review the top 3 internet-based insurers. The leaders in the industry when it comes to protecting jewelry. Below is our ranking of them.

BRITECO

Briteco is a major up-and-comer in this field. Briteco embraces the technology world with its easy and intuitive website. They will handle everything from the appraisal to the insurance. They offer extremely competitive pricing, ease of use, and terrific customer support. A highly competitive quote can be given within 1 minute with minimal information given. Also, Briteco offers something most people don't think about, but do once it's too late. What is this? Well....what happens if you need to make a claim? Briteco is one of the few insurers out there that lets you work with the jeweler of your choice in order to replace the lost or damaged item. Other insurers have their own "suppliers" who take control of the situation. Emotions run high and tempers can flair if you have a company that makes the process difficult. With Briteco, you can feel assured that they have your best interest at heart. For more reading please visit www.briteco.com.

Lavalier

Another up-and-coming insurer in the space. A name not well known yet, but the company is actually owned by Berkley Asset Protection. This is a massive company and is making major moves to expand inside the jewelry insurance space. Like Briteco, they too will let the client work with whom they want. Overall our experience with Lavailer is a fairly seamless process. Get a super competitive quote within seconds, with minimal effort.

When it comes to a claim, you may have to poke and prod a hair, but nothing to worry about in the least. They will make the situation right for you in short order!

Jewelers Mutual

The behemoth of the industry. You will find JM on most major websites as the preferred insurer. The reason we give JM the third rating is the behemoth sometimes loses its mojo. The site seems a little antiquated as opposed to the fresh colors of a Briteco. Of course, what's under the hood matters and not the color scheme:) Easy to use quote system. No lengthy process in getting your quote..it's pretty much a breeze and most importantly they let the client work with their preferred retailer. Don't get us wrong here. We love JEWELERS MUTUAL. They have been doing this for a long time and our experience in working with them has been nothing but positive.

**We want to be clear here. None of these companies will reimburse you for your loss of money. They all will act to replace your lost, stolen, or damaged item. Most people don't think about this. The only insurance companies that will give you a check for the loss are the larger and higher-priced insurers. These high-priced insurance companies may not issue single policies on jewelry and will most likely want to bundle your homeowners, car, or renters insurance along with the jewelry-related items.

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