Sunrises. Music. Ice cream. Movies. Sunsets.
These are all quite popular topics of conversation and enjoyment with people from all walks of life—some incredibly and even wildly so.
What you probably won’t find on that list? Jewelry insurance. Or insurance of any kind.
But here at Zillion, we respectfully beg to differ. After all, doing things differently is sort of…what we do. And we specialize in bringing this game-changing, hassle-relieving passion to the too-often confusing and cumbersome world of jewelry insurance.
In fact, we believe it’s exactly that hassle associated with insurance and the insurance (and insurance claims) process that turns people off from insurance in the first place. So what better way to change perceptions and win over hearts and minds than by eliminating any and all expected and dreaded hassle?
A better way and better days are here. Let us explain…
Insurance Rider—Not for Motorcyclists
You may have heard that you can simply cover your jewelry and protect it from loss, theft, or damage through your home or renters insurance policy. Or, more specifically, via a rider on that insurance policy. But just what is an insurance rider? Especially as it’s encapsulated under homeowners and renters insurance policies?
Simply put, a rider is an insurance policy provision that adds benefits to or amends the terms of a basic insurance policy. Sometimes also referred to as an insurance endorsement, a rider provides insured parties with additional coverage options—or may even limit or restrict coverage. Riders are available for an additional cost—but since they involve minimal underwriting, that cost is typically minimal (or at least far from steep).
You may also have heard about a personal articles policy. Such an insurance policy typically covers “anything that isn’t permanently attached to your home or your property”—such as collectibles, fine art, fur coats, musical instruments, sports equipment, computers, cameras, and, yes, jewelry. Such a policy is also quite affordable, and doesn’t typically require a deductible.
Safe and Secure at Home?
But in an unfortunate event, can you really rely upon your renters or homeowners insurance policy to cover your jewelry? Well, yes…and no.
If your jewelry is inside your home or apartment when disaster strikes, the renters/homeowners insurance riders provided to your valued jewelry pieces typically are not enough to cover the full value of your items—especially if someone breaks into your home and steals your jewelry.
Typically, these riders only cover up to $1,500 for theft of jewelry. So that’s all you’ll get, no matter what your prized piece is actually valued at (or what it means to you). There’s simply no chance that you’ll receive a single penny more…if your claim is even accepted in the first place.
That’s not the only risk at play, however. Standard jewelry protection under homeowners insurance policies typically does not include lost jewelry. You can also forget about any coverage for any damaged jewelry. If you chip or otherwise damage your diamond engagement ring, renters/homeowners insurance sadly, simply won’t cover fixing or replacing it.
Your renter’s/homeowners insurance rider will also only protect your jewelry in the event of specific “listed perils” covered in the policy—and unlike a specialized jewelry insurance policy, loss of items (like dropping your engagement ring down the drain in your kitchen sink) is typically not included in this list of “perils” that can befall you–and a small object like a diamond ring–at your apartment or house.
More often than not, a jewelry insurance policy is what you really need to secure true protection and peace-of-mind. Check out our comprehensive guide on what homeowners insurance will and won’t cover in terms of jewelry, and why it’s so important to have a standalone jewelry insurance policy to cover your engagement rings and other valuable pieces of jewelry.
The Zillion Approach: How Is It Different?
You see, here at Zillion, we have opted to do things a little bit differently. We do this by delivering insurance that just clicks and taking the hassle out of jewelry insurance. Making jewelry insurance this easy isn’t as easy as you might think. But we get a lot of help by partnering with your trusted and respected jewelry retailer to provide exclusive jewelry insurance protection that’s fast, easy, and affordable.
We do the heavy lifting so you don’t have to. No paperwork. No holdup. No hassle.
All you need to do is sign up—right there at the point of sale, with just one simple click. And start saving time and money. In the event you need to file a claim for lost or damaged jewelry, we make it fast and easy. Just one click at the point of purchase lets you enjoy instant protection on your jewelry—right from your phone. You also start saving up to 15% (starting at around $2 a month).
Embedded Insurance
Chances are, you haven’t heard that much about embedded insurance. Let us give you the quick rundown (again, we’re really passionate about this sort of stuff!). Simply put, we’ve reinvented personal jewelry insurance with our convenient and powerful point-of-sale-activated—and entirely embedded insurance platform.
Another passion of ours is to delight our customers. One way we do this is to empower them with the ability to protect their jewelry immediately at the time of purchase—without any delay, taking the hassle out of jewelry insurance. We take pride in caring for our customers, and nowhere is this more important than when it’s time to honor a claim. We see this as our prime opportunity to exceed expectations—and remind customers like you just why you put your trust in us.
The pairing of embedded insurance with our exclusive partner network means no forms or applications. Fast, easy, one-click instant protection. Immediate quotes available via text or email. Instant coverage you can activate in-store. And anytime, anywhere access to our exclusive concierge claims process.
Concierge Claims
Oh, and we offer one other powerful, invaluable, and distinct differentiator. We like to call it “concierge claim service”. We go the extra mile for you—and ensure that your workload is as light as possible. Concierge claims are one way this next-level service is encapsulated and expressed.
Concierge claim service means we also take care of any needed replacements or repair work with your jeweler—while always keeping you in the loop and taking the hassle out of jewelry insurance. As our valued customer, you won’t ever be burdened to provide or prove ownership of your item. Nor verify its value. Nor negotiate a cash settlement. We won’t ever even require you to pay a deductible.
The way we see it, concierge claim service is our opportunity to not only meet, but exceed any expectations you may have about jewelry insurance. You put your trust in us. We’re here to repay it. That means easy online claims—wherever you may be, from your living room to a hotel room halfway across the world, and everywhere in between. It also means faster replacement times. Our claim team’s ultra-rapid responses ensure that your jewelry replacement or repair gets underway right away—in as little as 24 hours after easily filing your claim.
