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Does Homeowners Insurance Cover Jewelry?

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Does homeowners cover jewelry

“I feel sick. I lost my ring in the lake while boating. But my homeowners insurance covers jewelry, so I'll just give them a call."

"Wait, what? My policy doesn’t cover accidental jewelry loss?”

Finding out your homeowners or renters insurance falls short after you’ve already lost your ring leaves you wondering what to do next. Do you pay for a replacement out of your own pocket? Or go without a ring?

Rock. Hard place.

So how do you know which insurance option won't leave you empty-handed when the unexpected happens? Read on to understand what situations are covered under homeowners insurance and specialized jewelry insurance and for how much.

Does Homeowners Insurance Cover Jewelry?

Most homeowners insurance policies do cover jewelry to some extent. In many cases, however, your coverage is limited by:

  • Limitations or exclusions on situations covered
  • Requirements to use jewelry replacement companies
  • Needing several estimates before settling a claim
  • Coverage value limits (leaving the rest up to you)

Plus, a jewelry claim could affect the status of your entire policy.

That’s why it’s important to evaluate your insurance options. Call your homeowners or renters insurance and ask for the details of your jewelry coverage. Never just assume you’re covered. 

Specialized Jewelry Insurance

Insurance coverage specifically built to protect jewelry is much more likely to comprehensively protect against the common perils associated with jewelry loss - like disappearance.

While we can't speak for all specialized jewelry insurance products, here's how Jewelers Mutual Group's coverage compares to a standard homeowners or renters policy, and even a typical rider as part of such a policy.

Jewelry Insurance vs. Homeowners vs. Riders

Covered 
Covered
Maybe Covered 
Maybe Covered
Not Covered 
Not Covered
 Jewelers Mutual Insurance GroupTypical Homeowners
or Renters Insurance
Typical Jewelry Rider: Homeowners Policy

Loss

CoveredNot CoveredCovered

Theft

CoveredCoveredCovered

Damage

CoveredMaybe CoveredMaybe Covered

Disappearance
 

CoveredNot CoveredCovered

Flood or Earthquake

CoveredMaybe CoveredMaybe Covered


Additional Features of Jewelry Insurance With Jewelers Mutual Group

 Jewelers Mutual Insurance GroupTypical Homeowners
or Renters Insurance
Typical Jewelry Rider: Homeowners Policy

Jewelry Expertise

Exclusively insuring jewelry for more than 100 years, with graduate and certified gemologists on staff

UnlikelyUnlikely

Claims
Process

Repair or replacement with same kind and quality (up to the value on your policy) from the jeweler of your choice; no need for multiple estimates

May require you to use
an authorized jeweler or repair/ replacement company; may instead pay cash; may require multiple estimates
May require you to use
an authorized jeweler
or repair/ replacement company; may instead pay cash; may require multiple estimates

Effects of Claims

No increase to your Jewelers Mutual policy premiumClaims may affect status of entire policy, including coverage for your homeClaims may affect status of entire policy, including coverage for your home

Deductible Options

FlexibleSame as overall policyFlexible
This is a brief overview for informational purposes only. Coverage and pricing are subject to underwriting review and approval, and to policy terms and conditions.
 

Do your research ahead of time and make sure you’re covered (for real) before something happens. Wondering if your jewelry is worth insuring? Ask yourself:


If my new jewelry went missing today, would I be …

  • Devastated about the sentimental loss?
  • Afraid to wear my other jewelry for fear of losing it?
  • Unable to cover the cost to replace the piece?
  • Subjected to coverage limits with my current insurance?
  • Forced to work with a jewelry replacement company and not my preferred jeweler?
  • Worried about having to settle for a replacement of lesser quality than the original?

If you answered “yes” to one or more of these questions, consider specialized jewelry insurance. When it comes to your jewelry, you want to wear it, not worry about it. Check your rate by clicking the button below.

 

 

 

 

There are so many benefits of a insurance policy through Jewelers Mutual, but don't just take it from us! Check out what our policyholders have to say.

 

 

Contact Us

If you have a media-related question, please email us at [email protected].

About Jewelers Mutual Group

Jewelers Mutual was founded in 1913 by a group of Wisconsin jewelers to meet their unique insurance needs. Later, consumers began putting their trust in Jewelers Mutual to protect their jewelry and the special memories each piece holds. Today, Jewelers Mutual continues to support and move the industry forward by listening to jewelers and consumers and offering products and services to meet their evolving needs. Beyond insurance, Jewelers Mutual’s powerful suite of innovative solutions and digital technology offerings help jewelers strengthen and grow their businesses, mitigate risk, and bring them closer to their customers. The Group insurers’ strong financial position is reflected in their 37 consecutive “A+ Superior” ratings from AM Best Company, as of November 2023. Policyholders of the Group insurers are members of Jewelers Mutual Holding Company. Jewelers Mutual is headquartered in Neenah, Wisconsin, with other Group offices in Dallas, Texas and Miami, Florida. To learn more, visit JewelersMutual.com.