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GEICO launches separate jewelry insurance policy

July 08, 2019 / Lyle Adriano

GEICO has launched a new insurance product that can help consumers better protect their jewelry.The insurer has teamed up with Jewelers Mutual Insurance Group to offer a separate jewelry insurance policy. The policy covers the entire value of a piece of jewelry or entire collection in the case of loss, damage or theft. A release explained that the premium for the coverage costs about 1-2% of the item’s total value each year.