Definition: The word "insurance on jewelry" refers to a type of insurance that provides protection against loss or damage caused by the purchase or ownership of a piece of jewelry. The term "jewelry" includes both formal and informal wear, such as necklaces, bracelets, earrings, and other accessories worn for personal adornment. An example of an insurance policy for jewelry would be one that covers the costs associated with purchasing or replacing faulty pieces, such as broken beads, loose stones, or tarnished bezels. The term "jewelry" could also refer to a wider range of items, including watches, rings, and other personal adornments worn by people in everyday life. In summary, insurance on jewelry refers to a type of insurance that provides protection against the loss or damage caused by the purchase or ownership of jewelry. This insurance policy can include costs associated with faulty pieces and may cover purchases made for personal adornment rather than formal wear.
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