< Back to Blog

Love your content insurance too

Birthdays, Christmas, anniversaries, Valentine’s Day… all are occasions where someone might show their love and appreciation for someone with the gift of jewelry. That’s why it’s a good idea to pick a special day once a year, just like many do to change smoke alarm batteries, to review and update the content insurance on your homeowner’s insurance policy.

Homeowners who skimp on insurance might save themselves a few bucks in the short term, but may not be doing themselves a favour should they experience a loss. Aside from upping your coverage, you can take a few simple preventive measures to reduce your chances of having to put in a claim.

First, if someone in the family has received a new piece of jewelry, they should consider having it appraised by a qualified appraiser, and contact their broker to have it updated on the policy.

Secondly, beyond keeping it stored in a safe place, you should be aware of who has access to your jewelry. If you like to go to the gym for example, don’t leave your jewelry unattended or in high traffic areas. It seems obvious, but people do so all the time. Avoid bringing it to the gym at all if you can, but if not, it’s best to find some way to keep it with you while working out… even if you can’t wear it as intended while doing so.

Again, while this does seem readily apparent, keep your jewelry away from sinks. Many people remove their rings while washing dishes for instance, and often at the last moment, placing right next to the sink. That increases the risk of it going down the drain, a situation that happens with valuable jewelry far more than most people think.

Lastly, it’s important to know what is and isn’t covered in your policy. If there is something new, you should be contacting your broker to have your policy updated. Revisiting the policy is important too as the value of existing jewelry appreciates.

When it comes to jewelry, it isn’t just the financial value, but the emotional and sentimental value that is attached to it. While your insurance can cover the financial loss, nobody’s managed to figure out yet how to insure against an emotional loss. So, taking some simple steps to avoid the loss in the first place not only saves you from having to submit a claim, it can also save you from a bit of heartache.

Source: Insurance Business Canada


Protect yourself, protect your family, protect your devices.

Learn More

DPM Driver’s Ed Scholarship

DPM Driver’s Ed Scholarship. Your security, our responsibility.

Learn More

Blenheim Office

24 Marlborough St. N., Box 479
Blenheim, ON N0P1A0

Phone: 519-676-8159
Fax: 519-676-0020

Chatham Office

250 St. Clair St.
Chatham, ON N7L 3J9

Phone: 519-352-4343
Toll Free: 1-800-561-4949
Fax: 519-352-6484

Essex Office

29 Talbot St. N, Box 69
Essex, ON N8M 2Y1

Phone: 519-776-6457
Fax: 519-776-7400

Harrow Office

65 King St. W., Box 790
Harrow, ON N0R 1G0

Phone: 519-738-2277
Fax: 519-738-2279

Tilbury Office

59 Mill St. E, Box 1239
Tilbury, ON N0P 2L0

Phone: 519-682-0202
Fax: 519-682-2391

Wallaceburg Office

403 Wellington St.
Wallaceburg, ON N8A 2Y2

Phone: 519-627-1777

DPM Insurance is a BrokerLink company. The BrokerLink companies are subsidiaries of Intact Financial Corporation (TSX: IFC)