Business & Economy

Gold’s Price Surge May Mean Your Jewelry Is Under-Insured- Advisen FPN

Gold prices have skyrocketed over the last decade, which means your jewelry may be under-insured if you haven’t had it appraised recently. Jewelers Mutual , a specialty insurer based in Wisconsin, recently surveyed 428 married women and found that more than half of them either had never had their engagement rings appraised or hadn’t done so in the prior 10 years. That could be a costly oversight if they lose or damage a piece, given that gold now sells for close to $1,500 an ounce , or more than six times the roughly $240 an ounce it brought 10 years ago, says the metals site, Kitco.com.

Read more: The New York Times, Gold’s Price Surge May Mean Your Jewelry Is Under-Insured

Most homeowners insurance policies limit jewelry to $1500.  Call us!  We can help. www.isu1source.com- Your One Responsible Source for all lines of insurance. We do more than provide quotes; we’re your risk management and loss mitigation partners.

{ 0 comments }