US Market: Geico Launches Bespoke Jewellery Insurance Product

One of the big names in the US insurance market, especially car cover, Geico has recently launched a specialised jewellery insurance product. Homeowners or renters are eligible to take out policies, which may cover jewellery damage or loss up to a certain limit, usually $1,000-$5,000.

The GEICO Insurance Agency has teamed up with Jewelers Mutual Insurance Group to offer its customers a separate jewelry insurance policy which covers the entire value of a piece of jewellery or entire collection in the case of loss, damage or theft. The coverage generally costs about 1–2 percent of the item’s total value to insure each year.

GEICO Insurance Agency’s offering of jewellery insurance from Jewelers Mutual provides the flexibility to select your own trusted jeweller for repairs, file fast and easy claims in the event something happens, plus the coverage extends to worldwide travel, and more.

About Jewelers Mutual

Jewelers Mutual Insurance Group was founded in 1913 by a group of Wisconsin jewelers to meet their unique insurance needs. Today, Jewelers Mutual offers products and services enabling jewelry businesses to run safe, secure, and successful operations. Consumers also put their trust in Jewelers Mutual to protect their personal jewelry and the special moments it represents. The group’s strong financial position is reflected in its 32 consecutive ratings of ‘A+ Superior’ from A.M. Best Company. To learn more, visit JewelersMutual.com.

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20 years experience as a journalist and magazine editor. I'm your contact for press releases, events, news and commercial opportunities at Insurance-Edge.Net

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