Should You Insure Your Diamond Tennis Bracelet?

A tennis bracelet is an elegant piece of jewellery that has a simple, timeless style. Whether you’ve bought one for yourself, received one as a present, or inherited a tennis bracelet, it’s something you’re sure to keep and cherish.

Although you probably do your best to take care of your jewellery, it can unfortunately be damaged, lost, or stolen. If any of this happens, you’ll want to be able to easily replace it or have it repaired. That’s why jewellery insurance is a good option. Once you start to acquire valuable pieces like a diamond tennis bracelet, you should take steps to protect them.

The following discusses the ins and outs of insuring your diamond tennis bracelet and answers some frequently asked questions about protecting this type of valuable jewellery.

Will Home and Contents Insurance Cover Your Diamond Tennis Bracelet?

You might assume that your home and contents insurance provides adequate coverage for jewellery like your diamond tennis bracelet, but that’s usually not the case. Many times your jewellery isn’t covered, especially if it’s outside of your home when it’s lost, stolen, or damaged.

Even if your home and contents insurer provides some level of coverage, you’re unlikely to receive its full value. And you’ll probably be sent to a jeweller of your insurance company’s choosing to get a replacement or to have repairs performed.

What Insurance Do You Need for Your Diamond Tennis Bracelet?

Specialised jewellery insurance is well suited to a diamond tennis bracelet. This lets you make certain that your pieces are specifically covered and gives you confidence, especially when you wear your diamond tennis bracelet outside your home. And since the insurance costs only a very small percentage of what your bracelet is worth, it’s quite affordable.

Jewellery insurance offers many benefits specific to the items involved in the claim. Instead of simply covering your jewellery as if it were a home appliance or other household item, cover it with specialised cover that addresses its value and the particular circumstances you may find yourself in if you need to file a claim.

What Company Should You Insure Your Jewellery With?

Q Report has been providing Austalians with specialised jewellery insurance for over a decade. During that time, we've been providing Australians with specialised jewellery insurance for over a decade.

We’re jewellery experts who know a great deal about what we’re insuring and are able to appreciate its beauty and value. And with us, your diamond tennis bracelet policy is backed by Chubb, the issuer and underwriter of the policy.

What Benefits Does Q Report Jewellery Insurance Provide?

When you insure your diamond tennis bracelet or other jewellery with us, you can expect the following:

• Top-tier customer service - If you need to make a claim, you’ll deal directly with us. You won’t be passed off to another department or company.
  
• Free yearly revaluation service - As an additional service, our experts will revalue your jewellery every year at no charge, separate from your policy terms. We realise that since the value of gems, metals, and the entire piece may fluctuate over time so the value it’s assigned for insurance purposes needs to be up to date and accurate.
  
• Ability to choose your own jeweller - You can visit your own trusted jeweller for repairs or replacement pieces. Many companies try to make you see their own jeweller with whom they’ve negotiated reduced rates.
  
• Coverage for insured value - Unlike many insurance companies, we provide coverage for the insured value that’s stated in your policy. Some others will only pay out “up to” the stated amount.
  
• Additional coverage - If for some reason we can't put you back in the same position you were in before your claim, our policies include cover of up to 150% of the insured value, subject to the terms of the policy.
  
• Coverage for every conceivable event - We’ll cover your diamond tennis bracelet or other jewellery against theft, loss, mysterious disappearance, damage, and natural disasters.
  

To protect the value of your diamond tennis bracelet’s value, obtain an instant online quote today. We look forward to serving you and to providing your jewellery with the protection it needs so you can wear and enjoy it in confidence.