The Jewelry Box Blog

How to Get the Best Jewelry Insurance


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 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.

Jewelers Mutual Insurance Coverage

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.

Many traditional insurance policies simply reimburse you for the cost to repair or replace your lost or damaged jewelry with “like kind and quality.” In these cases, you're left to deal with the stress of trying to get an equal replacement for your original piece.

With a repair or replacement policy like Jewelers Mutual’s, we step in for you and deal directly with your jeweler of choice. You don’t have to worry about explaining every detail of your original piece to help the jeweler recreate an exact match.

What our “Same Kind and Quality” repair and replacement coverage really means.

  • Not worrying about having to settle for a replacement of lesser quality than the original.
  • Flexibility to work with your own jeweler of choice – someone you trust and feel comfortable with – to replace or repair your jewelry to the same likeness as the original.
  • Knowing if you lost a brand-name engagement ring, that’s the jewelry brand you’ll get in return – no knock-offs or substitutions.
  • Cut, carat, color, clarity – our jewelry insurance experts note each detailed description you and your jeweler provides to ensure your complete satisfaction with the repair or replacement work.

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. Check your rate checking 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.

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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