Best Insurance Policy : In This Scheme, You Will Get Full Money Even if The jewelry is Stolen From The Bank Locker, know How to Take Advantage

Insurance Policy: Most Indians prefer to invest in gold. But when it comes to security, the fear of theft remains. In such a situation, you can secure your precious jewelry through a stand-alone jewelry policy.

Insurance Policy: Many of us keep our expensive jewelry and belongings in bank lockers. The main reason for this is that the goods kept in the bank locker are more secure than at home. But, do you know that banks do not guarantee the contents of the locker if it is stolen?

Banks’ logic behind this is that they do not know about the goods kept in the locker. Therefore, he cannot guarantee the goods kept. You can get such expensive jewelry insured. In such a situation, if the jewelry is stolen, it is compensated through the policy.

Know The insurance Policy for jewelry

By taking insurance cover on jewelry, you can get rid of the tension of their theft and disappearance. Insurance companies provide two types of schemes for the protection of jewellery. Among these two types of policies, one is a home insurance policy and the other is a stand-alone jewelry policy.

In the home insurance policy, protection is given on the jewelry kept in the house. At the same time, in the condition of theft or disappearance of jewelry, full money is not available. If you want complete protection of jewelry, then you can take a standalone jewelry insurance policy of the company.

know The Premium

In a standalone jewelery insurance policy, a premium of around Rs 1000 per month will have to be deposited for jewelery up to Rs 10 lakh. With this, in case of theft or loss of jewelry, you will get full money equal to the jewelry.

keep These Things in Mind

Before taking advantage of any kind of scheme, one must get information about the market valuation of the jewellery. Sometimes it happens that the insurance company undervalues the jewelry while making an insurance claim.

When preparing to take such a policy, the refund rules of the company should be gathered properly. While taking standalone jewelery insurance, one should pay special attention to the natural calamity section.