This Is Worth The Price Of Gold

Have you been watching the rising price of gold, gems, and other precious metals? Since 2000, the price of gold has nearly quintupled. People have enjoyed an increasing asset, even through these hard economic times. Along with this added wealth comes increased risk.

Most homeowner policies have a sublimit for jewelry, goldware, silverware, etc. for the exposure of theft. If these items were to be stolen, you would only receive a portion of their true value, or nothing at all depending on the total dollar amount you own. For those who were wise enough to schedule their jewelry, now would be a good time to revisit the appraisals, and be certain  the coverage limit is adequate should you have a claim. Appraisals should be reviewed every three to five years, and as with all personal property, you should keep photos or videos of the property in a safe place.

For those who have not scheduled their jewelry, now is the time to do so. This is especially true for the items you felt were not worth the value to insure. They may be worth it now.