How to keep your gold jewelry safe?

The utmost importance is gold jewelry is its economic value and its emotions and social issues that thrive behind it. From traditional ceremonies to glittering festivities the value of gold cannot be undermined. For such a valuable possession, it's essential to look for safety measure and safety that guarantee no compromise. However, one is always aware of how gold jewelry is evaluated, various insurance schemes available and value of antique jewelry. Jewelry insurance facilities still have a long way to go when compared to the world and only with the budding of a private organization is the insurance going to gain due importance.

Bank lockers and insurance is the two most prominent ways of jewelry safekeeping. No matter the shape of the gold ring or the size of the gold set, they are still valuable and all factors should be considered while choosing the right security facilities.

There are only a few jewelry insurance providers currently that offer good insurance policies. Most of them cover damage, accidental loss, burglary and theft only, while some may cover worn throughout. So generally the maximum cover provided is just 25 percent of the total insured amount. But there are also all -risk cover policies too for jewelry. It is essential to check and review the policy document thoroughly while zeroing in on the desired policy. They may include protection against fire, theft, burglary and other damages, saying all – risk cover.

The most preferred way of safekeeping jewelry is bank lockers. Since not all banks provide lockers, a research has to be conducted before opening a saving account with them, which is part of the procedure. Bank lockers provide a large amount of space and they are personal affair that holds anything – from large 24k gold bars to delicate filigree gold necklace sets. The rates are subject to change on the basis of the location, size and reputation of the bank. The major catch is that the bank doesn’t hold the responsibilities, if the stored valuables go missing or damaged.

Many believe that bank lockers are far better, as they are not expensive and save a lot time with just simpler operational procedures. Also locker charges don’t increase with the various valuables stored. There are multi- purpose in nature, unlike insurance anything from a simple gold ornament to full – fledged property money and documents can be kept in the safety locker. However, there are people who prefer insure over bank locker systems as they will be given a stipulated amount of damage or loss caused to the valuable by misfortune or accident. So always remember to choose the right long – term health for your precious jewelry.

If you decide to buy gold jewelry online, then consider making a list of facilities they provide. Always remember to check for the BIS Hallmark symbol and you can also give it to a professional goldsmith to check it. Before buying gold jewelry from online do check their certifications and read customer reviews. This will help you buy the right and genuine real gold ornament.

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