Is Jewelers Mutual insurance legit?

Is Jewelers Mutual insurance legit?

Jewelers Mutual Insurance Group has been around since 1913, and this company boasts an A+ rating from AM Best. 1 That makes this provider one of the longest-running jewelry insurance companies in operation today, and also one that is known for its financial strength and trustworthiness.

Who owns Jewelers Mutual?

Scott Murphy – President and CEO – Jewelers Mutual Insurance Company | LinkedIn.

How does Jewelers Mutual claim work?

You choose your own deductible with Jewelers Mutual, with a $0 option. Each time you file a claim, regardless of the type, you pay your deductible in full, directly to your jeweler of choice. If multiple insured items are lost or stolen at once, you pay only one deductible, whichever is highest.

How do I file a claim with Jewelers Mutual?

Jewelers Mutual Claim Process Submit your claim online or call 888-884-2424 if you’d rather speak with a person. They will take your initial information and a claims examiner will follow up to collect more details and walk you through the claims process. If your jewelry has been stolen, report the incident to police.

How do you get jewelry appraised?

The main way most people get their jewelry appraised is through a local jeweler, who can give you a decent estimate of how much your item would get at retail value — retail value is how much that jeweler could sell your ring, gold, diamond or earrings for in his or her store.

How does jewelry insurance work?

Jewelry insurance reimburses you if your covered jewels are lost, stolen, go missing or become damaged. Jewelry insurance doesn’t cover your items if they’re defective or from wear and tear. A jewelry warranty protects your valuables from defects.

Is Jewelers Mutual a public company?

The company does not plan to go public and will leave ultimate control of the company in the hands of member policyholders, he said.

How do I cancel Jewelers Mutual?

You can cancel your policy any time by calling us at 888-884-2424.

What happens if I find the jewelry I filed a claim for?

10. What happens if I find the jewelry I filed a claim for? If you’ve found the jewelry that you filed a claim for, contact your insurance. In most cases you will either have to pay the money back to your insurer or return the new piece you bought with the insurance money to your insurance company.

What is covered by Jewelers Mutual?

Generally speaking, Jewelers Mutual policies cover loss, theft, damage and mysterious disappearance. This includes common causes of loss like leaving your ring on a beach towel, having earrings stolen from your car, cracking your stone on the edge of a table or literally just not having a clue where your necklace went.

How do I make a claim for lost jewelry?

How do I file an insurance claim for damaged or lost jewelry?

1. If your jewelry was stolen or vandalized, file a police report. Get a copy so you can include it with the insurance claim.
2. Contact your insurance company or jewelry protection insurer immediately after noticing the jewelry has been stolen, lost or damaged.

Where can I take Jewellery to be valued?

Often, a local jeweler, gold or diamond exchange or pawn shop near you will provide an appraisal for free, especially if you are a regular customer. Keep in mind that an appraisal is often inflated above what you might pay for the same item at a jewelry store, but can be useful for insurance or tax purposes.

Do you need jewelry insurance with jewelers mutual?

It’s personal. While sentimental value is irreplaceable, a jewelry insurance policy through Jewelers Mutual Group covers the cost of having the item repaired or replaced. Jewelry insurance provides an extra level of care for some of your most cherished possessions.

How did jewelers mutual insurance company get its name?

The name Jewelers Mutual came about when 115 members of the Wisconsin Retail Jewelers Association came together to find affordable insurance for jewelers. We love jewelry. We insure what we love and, for us, our passion and specialty is jewelry. We even have our own gallery of rare gems and stones. Love jewelry, too? Work with us.

What kind of rating does jewelers mutual have?

As of November 2020, Jewelers Mutual Insurance Company has earned its 34th consecutive A+ Superior financial strength rating from A.M. Best Company, one of the world’s most respected insurance rating and information sources. Since our inception in 1913, we’ve been strengthening the jewelry industry.

What do I need to file a jewelry insurance claim?

Documentation (like a receipt, appraisal or dated photo of the jewelry) that proves the jewelry is yours, a statement from everyone listed on the policy explaining what happened (including a list of damage if your jewelry wasn’t lost or stolen entirely), and a police report, in certain circumstances.