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Can I Pay Monthly For My Jewellery Insurance?

Q Report Team
Updated on March 19, 2024
2 min read

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It might not be the most glamorous affair, but insuring your jewellery is a pretty sensible move. If you have a valuable piece that you hold in high regard—either financially or sentimentally—opting for jewellery insurance can offer more than just peace of mind.

As we have touched on in earlier posts, most other types of policies—such as home or travel insurance—will not give your personal jewellery solid coverage. For many, losing a wedding ring or favourite watch can be somewhat of a tragedy, and there’s often no recourse or insurance available to help recover any losses.

Thankfully, jewellery insurers are able to offer you coverage for your cherished valuables. We’ve spent plenty of time and effort towards creating policies that are cost-effective and able to meet customer's needs to a tee. To top it all off, we’ve tailored our solutions to offer monthly payments towards your policy.

So, I can pay monthly for my jewellery insurance?

There are many agencies that will ask for an up-front, all-in-one instalment for the year. This isn’t ideal for a number of reasons, namely, the initial investment required to cover you for an entire year. More than that though, there is a degree of risk associated with forking over a large sum of cash to a company for insurance on your prized jewellery, especially if you’re already sitting on the fence.

At Q Report, you can opt to pay for the full year or month-by-month. That way, you can offset the risks associated with a large cash payment for a year’s worth coverage.

What are the benefits of paying monthly?

Traditionally speaking, jewellery insurance has always been paid in full and up-front. However, protecting the things that are precious to you is a big deal, so we have offered a month-to-month payment plan to bridge this gap. This has taken the load off customers that are expected to pay everything in one lump sum, which for many is not a reasonable option.

Aside from the financial flexibility that Q Report offers with our monthly payment plan, the small upfront payment makes jewellery insurance more universally accessible.

Finally, monthly payments are a great option for people that simply do not want to part with a large lump sum commitment. These benefits highlight our values and drive to offer a universally fair service.

 

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