The Jewelry Box

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How to Get the Best Jewelry Insurance

on Aug 8, 2016 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.

 

So how does it 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 it?

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 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 it 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 a $10,000 engagement ring, it will cost approximately $100 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?

 

Get a Quote

 

Comments

Please send me information on how to open a policy.

Meaghan Frayne

In reply to by Anonymous (not verified)

Hi Meaghan - A member of our Customer Care team will be reaching out to you shortly!

Chelsea Drusch

In reply to by Anonymous (not verified)

Needing coverage for my ring. Just appraised at $28,000

Candace Kampa

Watch

William Dunaway

Watch

William Dunaway

In reply to by Anonymous (not verified)

Do you have a watch to insure, William?

Chelsea Drusch

need coverage for a watch

Christine Haugen

In reply to by Anonymous (not verified)

Hi Christine - If you haven't already done so, you can: 1. Get a quote by visiting https://my.jewelersmutual.com/jewelry-insurance-quote-apply. 2. Call 888-884-2424 to have a staff member assist you with your application. 3. Skip the call queue and request a call at a time that's convenient for you: http://info.jewelersmutual.com/speak-with-jewelry-insurance-agent Let me know if there's anything else you need!

Chelsea Drusch

In reply to by Anonymous (not verified)

Hi Candace - It looks like you got a quote last week. From here, you have a few choices:
1. Follow the link in the email you received. (This option will retain your quote data through to the application.)
2. Get a fresh quote by visiting https://my.jewelersmutual.com/jewelry-insurance-quote-apply.
3. Call 888-884-2424 to have a staff member assist you with your application.
4. Skip the call queue and request a call at a time that's convenient for you: http://info.jewelersmutual.com/speak-with-jewelry-insurance-agent
Let me know if there's anything else you need!

Chelsea Drusch

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