Itayian Insurance of Jewelry Basic Need

 Insurance of Jewelry Basic Need

By Amir Mannan.

Contents (contenuto) are usually insured for the same risks as a building (see above) and are insured for their replacement value. Contents polices are restrictive with regard to security, including locks, window shutters or grilles (all windows less than 3m/10ft from the ground must be barred), armoured doors, etc.. All security requirements must be adhered to or claims are reduced or won’t be paid. Note that Italian policies usually exclude loss of frozen food (after a power cut). There’s usually an excess of between €125 and €250 for each claim.

You cannot usually insure valuables (e.g. antiques, jewellery and other precious objects) unless they’ve been valued by an approved Italian expert and they generally need to be stored in a safe, which must be approved by your insurance company. You should insist on a safe being approved by your insurer and a certificate being issued to verify this (otherwise your insurance company is liable to use the argument that your safe was insecure to avoid paying a claim). Valuables are usually covered only when you’re present, rather than abroad or on holiday. Due to the many loopholes, you may be better off keeping your
valuables in a bank safety deposit box. When claiming for contents, you should produce the original bills (keep bills for expensive items) and bear in mind that imported items may be much more expensive in Italy.