Priceless or Underinsured?

Jewellery is such a wide category of asset – from pearls to precious stones, gold to platinum, rings to necklaces – and everything in between. A small number of items can very quickly outgrow the limits on a standard household policy and need to be separately specified – but if those items are years old, what should the specified value be? Underinsurance is an increasing risk, as clients don’t realise how much values have increased – the need to specify these items due to higher value is not recognised. 

This webinar is for: 

• Brokers and insurers who insure jewellery for private clients (along with other asset classes such as watches, art and antiques)
• Claims handlers and loss adjusters who want to understand what to consider when jewellery is lost or damaged, and risks around valuations with which they may be presented
• Compliance teams considering how to ensure clients and policyholders get the information they need to make informed decisions, and that they are treated fairly.

Learning Objectives:

By the end of the webinar, you will:

• Have an overview of different kinds of jewellery
• Know the difference between an “earth” and “lab grown” diamond
• Understand why values can fluctuate & the trends driving this
• Understand how policyholders can manage their risk – whilst enjoying their assets
• Understand how jewellery is valued
• Understand the importance of valuations – why “value” can be so hard to get right, the increased 
  risk and subsequent impact of underinsurance.
• Be able to identify what to look for in a valuation