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Guard Your Gems with Jewelry Insurance in the Best Possible Way

Having jewelry is nice, but what if your precious gems get lost or stolen? Although jewelry insurance is part of your homeowner’s policy, it is advisable to learn more about protecting your gems.

Here’s how you can guard your gems with jewelry insurance:

Make a List

Identify the jewels that you would like to get insured by making a list of all the valuable gems in your house. Many companies have a lower limit to compensate for the value of a particular gem. Start with those of the highest value, and then move downwards.

Get an Appraisal

A certified gem expert will be able to put a value to all your jewels. You will need to provide your insurer with a copy of each gem’s valuation certificate in case of a claim. Get an appraisal done every two or three years to keep the value up-to-date.

Locate Your Receipts

If you have the original receipts and certificates of your gems, keep them in a safe place. They will help verify the price, location, and other important details in the claim process.

Check Your Coverage

If you want to guard your gems with jewelry insurance, study your homeowners insurance carefully. However, if you don’t have a homeowner’s policy, you can get standalone plans on jewelry, especially for engagement and wedding rings. You can get jewelry insurance by adding a rider to your existing renters insurance.

Cost of Jewelry Insurance

The general rule of thumb is to fix jewelry insurance premiums at 1-2% of the jewelry value. It is usually added as a “floater” to your existing homeowner’s insurance policy. The cost will depend on the frequency of use and security setups like burglar alarms and safe deposit boxes.

You can also avail of extra jewelry insurance coverage for sentimental and high-value gems. In such a case, you will pay higher premiums. Hence, depending on the circumstances, jewelry insurance can cost from $5.00 to hundreds of dollars per month.

These are some effective tips about jewelry insurance that you can use to protect your prized possessions. If you are looking to get the right coverage for your belongings, contact the experts at Singh Agency today. We are ready to assist you with all your insurance needs.

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Useful Swimming Pool Safety Tips for Summer

With the onset of the summer, there’s nothing more pleasant than to dive into your home swimming pool to cool down. However, you need to follow certain precautions to avoid any unprecedented events.

Let’s take a look at some of the safety tips for your home swimming pool this summer.

Enclose the Pool Area

One of the essential safety tips for your swimming pool is to ensure that the pool area is enclosed to prevent people or animals from accidentally falling into the pool. Install an active alarm system as well to detect any motion in the pool area.

Supervising Children

Never leave small children alone without supervision. If you are in a group, you can take turns to keep an eye on the children.

Keep Adequate Life Saving Gear at Hand

Place ropes, lifebuoys, and life jackets along the poolside in case you run into emergencies. A great safety tip for your home swimming pool is to invest in proper flotation devices for new swimmers. Nevertheless, keep in mind that the best way to prevent accidents is to get proper swimming lessons for children (and adults).

Mark the Depths

Ensure that the deep water is clearly marked by a floating buoy line. That way, only those who are confident swimmers will venture into the deep end. Enforcing diving restrictions is also an important safety tip for your home swimming pool. Only allow diving at designated areas, if at all.

Get Proper Drain Covers

Pool drains have powerful suction that can lead to fatal entrapment accidents. Use VGB-compliant drain covers and inspect them periodically for any damage. A useful swimming pool safety tip this summer would be to tell your children not to play around the drains at all.

Make sure to follow these pool safety tips for a safe swimming experience. If you are not covered, you may want to check the possibility of getting your home swimming pool covered. For assistance with all your home insurance needs, contact the experts at Singh Agency today.

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All You Need to Know About Freelancer Commercial Insurance

Freelancing is becoming increasingly common across the United States—about 35% of the American workforce belongs to freelancers. A full-time freelancer is, in effect, a small business owner and susceptible to the same risks as any enterprise would be. So, a freelancer also needs business insurance.

Why Do Freelancers Need Insurance?

You can get commercial insurance to protect yourself in the following scenarios:

  • Financial losses due to ill health
  • Errors or omissions that cause clients financial loss
  • Damage from natural disasters such as a fire or flood
  • Cybercrimes like hacking, phishing, and data theft

Sometimes, your clients may insist on a liability insurance policy in place for your freelancing business.

What Insurance Do Freelancers Need?

If you’re looking to buy insurance for your freelancer job, consider the following options.

General Liability Insurance

This type of commercial insurance for freelancers will cover you if someone gets injured on your premises and sues you. It also includes libel and copyright infringement.

Professional Liability Insurance

The other name for this insurance is “errors and omissions.” It will cover your legal expenses if a client claims that they suffered financial loss due to your negligence.

Cyber Liability Insurance

This type of commercial insurance for freelancers covers the expenses incurred due to data breaches or theft of the client’s sensitive information and associated legal fees.

Property Insurance

A property insurance policy covers the loss of any property or equipment you own that is part of your freelancing business through events like fire and theft.

Commercial Auto Insurance

If you use your personal vehicle to visit clients, it may not be covered for business purposes. Hence, commercial auto insurance can keep you covered.

Health and Disability Insurance

Since you don’t have an employer to take care of your health benefits, you need to make your own arrangements. A suitable health and disability plan will cover you at times of ill health or in case of disability.

These are the different types of commercial insurance for freelancers. As a freelancer, you are liable for insurance and should get the best policy for your needs. If you have any additional questions about business insurance, contact the experts at Singh Agency today.