Based in 2017 by business specialists, BriteCo gives standalone jewellery insurance coverage insurance policies backed by Glencar Insurance coverage Firm and reinsured by Hannover Re. Each corporations have A+ AM Greatest scores, signifying monetary stability.
Not like many rivals that supply a number of insurance coverage merchandise, BriteCo gives jewellery protection solely. It’s led by Dustin Lemick, Connor Redmond, Ben Mautner, and John Ortbal, all of whom have important experience within the jewellery and insurance coverage industries. For those who’re contemplating BriteCo jewellery insurance coverage, right here’s what to learn about this firm, who it’s finest for, its charges and merchandise, and extra.
BriteCo at a look
- Coverage price: Beginning at $4 per 30 days for a $5,000 engagement ring
- Deductibles: No deductibles for traditional insurance policies
- AM Greatest ranking: A+
Who’s BriteCo good for?
Providing protection of as much as $150,000 for a single merchandise or $500,000 per assortment, BriteCo is an efficient selection for these with costly items. Its commonplace insurance policies additionally include no deductibles, so it could possibly be value contemplating if you wish to keep away from paying out of pocket after a lined loss. Its excessive protection limits and lack of deductibles set this firm other than rivals.
BriteCo may be a good selection for jewellery homeowners who don’t need to fear about reappraisals usually. Whereas many jewellery insurers pays as much as 100% of a misplaced or stolen merchandise’s substitute price worth, BriteCo provides you some wiggle room. It is going to present as much as 125% substitute worth, so that you’re lined even when your jewellery’s appraised worth has elevated barely because you obtained your coverage.
BriteCo ranks as the perfect for engagement ring insurance coverage, and one of many prime 5 for luxurious watch insurance coverage and general jewellery insurance coverage.
Who shouldn’t use BriteCo?
Not like some rivals, BriteCo doesn’t provide a number of insurance coverage merchandise. You can not get hold of auto or owners insurance coverage via this firm, simply jewellery protection. These seeking to profit from reductions with bundling a number of merchandise will probably need to look elsewhere.
Whereas BriteCo gives comparatively inexpensive protection, it isn’t the most cost effective jewellery insurance coverage round; although this firm does provide some perks that rivals don’t. For those who’re in search of the least costly protection obtainable, take into account acquiring a number of quotes to seek out the perfect coverage.
Execs | Cons |
Excessive protection limits | Doesn’t provide a number of insurance coverage merchandise |
No deductibles for many insurance policies | Could also be barely dearer than some rivals |
As much as 125% substitute worth obtainable |
BriteCo charges and merchandise
BriteCo focuses solely on standalone jewellery insurance coverage, which could possibly be a constructive or unfavourable, relying in your perspective. These looking for to bundle protection could take into account this a disadvantage, however others could admire the extent of specialization and experience an organization like this offers.
Jewellery insurance coverage
With BriteCo, you may insure the next varieties of jewellery.
BriteCo jewellery insurance coverage choices | |
Engagement ring | $4-$6 per 30 days for a $5,000 engagement ring |
Bracelet | $4-$5 per 30 days for a $1,000 bracelet |
Necklace | $4-$5 per 30 days for a $500 necklace |
Watch | $4-$5 per 30 days for a $2,500 watch |
Along with these items, BriteCo additionally insures earrings, wedding ceremony bands, different rings, pendants, and extra.
Different providers BriteCo gives
Jewelers looking for appraisal options may also accomplice with BriteCo to entry its free jewellery appraisal administration platform. This platform is designed to simplify the appraisal course of, making it simpler and sooner to worth items and expedite client claims.
BriteCo platform and buyer help
In case your insured merchandise or assortment is misplaced, broken, stolen, or mysteriously disappears, you may file a declare on-line with BriteCo. The corporate signifies the method takes only a few minutes to finish. You can too contact BriteCo for assist with an current coverage or have questions by way of electronic mail, cellphone, or their on-line chatbot.
Customer support representatives can be found throughout regular enterprise hours, 9 am-5 pm CST.
What’s BriteCo’s fame for paying claims?
BriteCo’s insurance policies are issued by Glencar Insurance coverage Firm and reinsured by Hannover Re, each of which have A+ (superior) AM Greatest scores. AM Greatest is a trusted, unbiased insurance coverage credit standing firm. These excessive scores point out that each corporations are financially sound and might readily pay out buyer claims after they happen.
BriteCo consumer opinions
BriteCo isn’t accredited or rated by the Higher Enterprise Bureau (BBB). Consumer opinions of BriteCo are pretty restricted on Trustpilot, with just one reviewer posting suggestions in regards to the firm. The evaluate is constructive, mentioning that BriteCo was extraordinarily useful with the claims course of.
The corporate fares nicely by way of its Google and Fb opinions, with a 5-star common ranking throughout 950 opinions. Happy prospects report good experiences with customer support and acquiring protection. Others point out the corporate’s truthful costs for jewellery insurance coverage.
Evaluate BriteCo alternate options
Insurers | Charges | AM Greatest ranking | Out there merchandise |
---|---|---|---|
Present Choice BriteCo |
$$$ | A+ | Jewellery insurance coverage |
Jewelers Mutual | $$ | A+ | Jewellery insurance coverage Jewellery enterprise insurance coverage |
GemShield | $ | A+ | Jewellery insurance coverage |
Chubb | Not disclosed | A++ | Car insurance coverage House insurance coverage Jewellery insurance coverage Enterprise insurance coverage |
Present Choice BriteCo |
Jewellery insurance coverage |
---|---|
$$$ | |
A+ | |
Jewelers Mutual | Jewellery insurance coverage Jewellery enterprise insurance coverage |
$$ | |
A+ | |
GemShield | Jewellery insurance coverage |
$ | |
A+ | |
Chubb | Car insurance coverage House insurance coverage Jewellery insurance coverage Enterprise insurance coverage |
Not disclosed | |
A++ |
Is BriteCo best for you?
BriteCo could possibly be value contemplating when you’re seeking to insure jewellery solely. This firm gives no deductibles for many of its insurance policies, and also you’ll stand up to 125% substitute protection. Your insured jewellery can be protected irrespective of the place you might be on the planet—at dwelling, in your honeymoon, or visiting household overseas.
For those who’re searching for jewellery protection, it’s value getting a quote from this firm and others to find out which insurers provide the perfect protection at an inexpensive charge.
Steadily requested questions
What is roofed by BriteCo?
BriteCo protects lined jewellery from unintentional loss, injury, theft, and mysterious disappearance. Its protection additionally extends to preventative upkeep, together with prong repairs, repairs of bent earring posts, pearl restringing, and extra.
Do you want an appraisal for BriteCo?
Sure, you have to an appraisal to get your jewellery insured by BriteCo. With a correct appraisal, you’ll get an applicable quantity of protection for the objects you want to insure.
Is there a deductible for BriteCo?
BriteCo signifies that its commonplace insurance policies haven’t any deductible. Thus, you probably gained’t must pay something out of pocket earlier than your insurance coverage protection kicks in.
How does BriteCo’s claims course of work?
You possibly can file a declare with BriteCo on-line, and the method takes only a few moments. A buyer consultant will then comply with up with you to debate your declare. BriteCo doesn’t present a timeframe during which claims are usually settled.