Jewelry Insurance

Jewelry Insurance

Your Jewelry Tells the Stories of Your Life...
 We Encourage You to Protect Your Purchases!

Insuring your new jewelry can be quick and easy and gives you the freedom to wear it without worry, knowing it's protected.

Jewelers Mutual Insurance Company

We have arranged for Jewelers Mutual Insurance Group to bring our customers valuable information about helping to protect your purchase.

Since 1913, Jeweler’s Mutual is the only insurer dedicated exclusively to protecting your jewelry.


 

Jewelers Mutual Offers:

  • Worldwide coverage against loss, theft, damage, and mysterious disappearance that often goes beyond standard homeowners insurance and warranties
  • Flexibility to work with the jeweler of your choice in the event of a claim
  • Repair or replacement with the same kind and quality should your piece ever need it
  • Affordable rates and flexible deductible options
  • Certified (GIA) gemologists on staff whose passion and specialty are jewelry
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*The content of this page is provided by Jewelers Mutual Insurance Group. This jeweler is not a licensed agent of Jewelers Mutual and does not sell or recommend insurance. Jewelers Mutual is an alternative to other insurance companies you may be considering. Any coverage is subject to acceptance by the insurer and policy terms and conditions.
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Jewelry Insurance FAQ's

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Imagine you’re washing dishes. You look down to see the diamond has fallen out of your engagement ring. Oh no!!!
Jewelry insurance can help ease the emotional and financial pain of losing or damaging a valuable piece of jewelry.
However, not all jewelry insurance is created equally. Companies that specialize in jewelry insurance can offer you peace of mind as you wear your favorite items from day to day.

Fine jewelry, particularly pieces like engagement rings, wedding bands, and heirloom pieces, are often quite valuable, both financially and emotionally.

If they’re lost, damaged, or stolen and are not covered by jewelry insurance, you will be solely responsible for the cost of replacing the items.

Jewelry insurance protects your treasures and provides you with coverage to replace important and valuable pieces with little to no out-of-pocket expense.

Some renters or homeowners insurance policies cover jewelry up to a certain amount, usually $1,500, though the amount varies. That may be sufficient for your needs, or it may not.

Especially if you have individual rings, earrings, bracelets, or necklaces worth more than the top coverage amount, you’ll want to get insurance for those pieces separately.

Some traditional renters or homeowners insurance companies offer riders to cover high-value jewelry pieces as an add-on to a current policy. It’s worth looking into, as a rider may cost less than a separate jewelry insurance policy, depending on your specific needs. Not every insurance company accurately appraises and values jewelry, though, and thus might not offer enough protection.

Specialized jewelry insurance companies have qualified and certified gemologists on staff who can appropriately appraise your valuables for insurance purposes. They help make the insuring process simple since the company handles the appraisal, the valuation, and holds the insurance policy.

The coverage offered by your insurance can vary depending on the company and specific policy. Often, riders added to renters or homeowners policies have coverage gaps.

For example, many policies cover only jewelry theft. If you damage your setting or stone, or lose a piece of your jewelry, they might not cover your claim.

Specialty jewelry insurers usually offer substantial coverage and will provide payment for incidents like lost or damaged jewelry in addition to theft.

Be sure to read the policy that you’re considering carefully to make sure it covers all possible claim scenarios like a lost stone, damaged setting, lost piece, or other situations in which you might want coverage.

The coverage offered by your insurance can vary depending on the company and specific policy. Often, riders added to renters or homeowners policies have coverage gaps.

For example, many policies cover only jewelry theft. If you damage your setting or stone, or lose a piece of your jewelry, they might not cover your claim.

Specialty jewelry insurers usually offer substantial coverage and will provide payment for incidents like lost or damaged jewelry in addition to theft.

Be sure to read the policy that you’re considering carefully to make sure it covers all possible claim scenarios like a lost stone, damaged setting, lost piece, or other situations in which you might want coverage.

The cost of jewelry insurance varies from provider to provider and from jewelry piece to jewelry piece.

Generally, the cost is roughly 1-2% of the total cost of the item or items per year.

So, if you’re insuring $10,000 worth of jewelry, it will probably cost you somewhere between $100 and $200 per year for jewelry insurance.

You have several options when considering jewelry insurance:

  • Adding a rider: The first option is to add a rider or floater to your renters or homeowners insurance specifically for valuable jewelry.
  • Purchasing specialty jewelry insurance: The second option is to shop around for insurance companies that specialize in jewelry insurance and create an individual policy.
  • Adding insurance to a jewelry purchase: Finally, some jewelers offer the option of adding jewelry insurance at the time of purchase to a new piece of jewelry. Usually, this insurance is through a third-party jewelry-specific insurance company.

Once you’ve decided how you want to cover your jewelry, you’ll need to get it appraised for its true value. Include the appraisal, receipts, and photos of the jewelry in a safe place for reference if you need to make a claim.

You know you should cover those big pieces like engagement rings and wedding bands, but you should also consider other diamond jewelry, valuable gemstones, or heirloom pieces.

Get any pieces you’re considering insuring appraised to see if they’re below your renters or homeowners insurance threshold for coverage.

If they are, check the policy to see if it offers enough coverage.

If not, consider adding the pieces to a jewelry-specific policy.

Another option is creating a policy that covers all of your jewelry as a unit. This includes valuing all your significant items at once and assigning a policy to all the pieces together. This is a great option if you have quite a few mid-range pieces you’d like to have covered, but don’t want to list each one separately.

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