The Jewelry Box Blog

How to Get the Best Jewelry Insurance

on Oct 16, 2020 3:10 PM

How to get the best jewelry insurance

Picture these scenarios: You purchase a new home. What is one of the first things your realtor recommends? Homeowners insurance. How about a new car? Car insurance.

Other than these two major purchases, what is quite possibly your next most valuable possession? Look no further than your ring finger. Bingo.

For many, your engagement ring is the first jewelry item you wear every day, to a variety of activities (even though not all activities are appropriate for wearing jewelry). A little unnerving when you think of all the things your ring is exposed to, right?

You may not be able to protect it from everything, but with a specialty insurer you’ll likely get the best jewelry insurance – better than what you’ll get by adding your jewelry to your homeowners or renters policy.

How Does Jewelry Insurance Work?

Think of a jewelry insurance policy like your homeowners or car insurance. It is created specifically to protect your beloved jewelry from the unexpected – like loss, theft, or damage.

How Do I Get the Best Jewelry Insurance?

Specialty jewelry insurance is a standalone policy, meaning it is not connected to any previous coverage you already have.

You need to submit an application with your personal information, along with information about the jewelry items you’d like to insure, directly to the insurance company.

It is recommended that you provide a detailed sales receipt or an appraisal with each item you wish to cover. This detail will make sure your items are covered for the correct value and will be essential to help repair or replace your item if you need to submit a claim.

Why is Specialized Insurance the Best Way to Insure Jewelry?

Jewelry insurance provides an extra level of care for some of your most cherished possessions. If the worst does happen and you need to submit a claim, you will be taken care of by experts who understand jewelry.

After all, not all insurance claims professionals will know the difference between a princess or emerald cut diamond like an expert jewelry insurer would.

We can’t speak for all specialty jewelry carriers, but with a company like Jewelers Mutual Group, you get an extra level of protection beyond what would be covered by your homeowners or renters insurance.

Loss, theft, damage, and mysterious disappearance? We’ve got you covered. 

How Much Does Jewelry Insurance Cost?

It depends on where you live, but specialty jewelry insurance (at least from Jewelers Mutual) typically costs 1-2% of the value of your jewelry, paid once per year.

For example, if you have an $8,000 engagement ring, it will cost approximately $80 a year to insure.

Sounds too good to be true, right?

It’s not. You protect your home and car with specialized carriers, why not protect your jewelry with the best jewelry insurance from experienced jewelry experts?

Looking to see how much jewelry insurance could cost you per year? It's less than you think. Get a free quote in under a minute. No personal information required.


Get a Quote


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.