The English Insider

January-February 2021 Edition

Cheers to a New Year

Greetings. Welcome to the inaugural edition of The English Insider. We hope this newsletter will provide some interesting and educational information regarding the insurance industry. First of all, I would like to thank my superb staff for sharing their knowledge and experience in the articles they authored. Secondly, I wish to sincerely thank you for putting your trust in us as your insurance professionals. We will continue to strive to deliver the very best customer service you have come to expect. I would also like to take this opportunity to thank you for the many referrals you have given us which allows us continued growth. 

Best wishes for 2021!

- Tim English  

News Years Resolutions  

We asked our agents what their New Years Resolutions are and here's what they had to say: 

"Try new things" 

"Run a 10k"

"Healthy eating and exercising"

"Giving thanks, being thankful"

"Find the good, spread positive energy"

Insuring Jewelry

A ring from a loved one. A bracelet handed down through generations. A watch or necklace marking a special occasion. Every reason why you treasure a piece of fine jewelry is a reason why it should be insured. 

Jewelry coverage helps protect the investment you've made in your favorite pieces by helping you replace them if you experience a loss that's covered by your policy. Know what your existing insurance policy covers. If you have personal property coverage as part of a homeowners or condo policy, you likely have some form of protection for your jewelry already. The typical insurance policy will cover you for jewelry that's stolen or damaged in certain incidents, such as a fire at your home, with limitations. However, the typical policy will not cover everyday damage such as a stone falling out of its setting. 

In addition to knowing when you're covered and when you're not, it's also important to know how much you're covered for. Your insurance policy may cover each individual piece of jewelry at a set amount, such as $1,000 per piece. Or, it may cover your jewelry collection as a whole, such as $3,000 for all pieces. 

As part of your homeowners, renters, or condo insurance, you can insure high-value items individually. This is known as "scheduling valuables" or adding a "rider" to your policy. For higher valued items we recommend "agreed value". To do so, you will likely need a recent receipt or appraisal establishing the value of each item. 

Once scheduled, if an item is damaged or lost in a covered incident, you'll be covered up to the scheduled amount. Typically, scheduling an item also gives you broader coverage. A lost stone that isn't covered under your homeowners policy, for example, is likely covered under a policy rider. Scheduling your jewelry allows you to choose a different deductible or in some cases no deductible for a covered loss. Contact us for more information!