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How to Lower Your Jewelry Insurance Cost

on Jan 31, 2017 2:15 PM

Jewelry insurance cost

Everyone wants to save a little money when they can, right?

As with any insurance, there are certain safety precautions you can take to pay a lower jewelry insurance cost.

We can't speak definitively for other insurers, but Jewelers Mutual offers the following:
 

Loss Prevention Discounts

Preventive measures to keep your jewelry safe when you’re not wearing it go a long way.

Alarm Discount

You may qualify for a discount if you have an eligible alarm system. The amount of the discount depends on the type of system you have.

Vault Coverage

Have some antique, fragile or expensive pieces you only wear on special occasions?

For every item that's primarily stored in a bank safe or vault, you may elect vault coverage to take advantage of a discount. (You would then notify us each time you remove and replace the item.)


 

Gem Identification Discount

Gemprint® is a non-invasive, positive identification technology that records the unique optical “fingerprint” of each diamond.

Submit a copy of your Gemprint report (or include the ID number in your appraisal documentation) to qualify for this discount.*
 

Loyalty Discount

Policyholders who continuously keep their jewelry insured with Jewelers Mutual without a lapse in coverage for three or more years receive a discount each remaining year of the life of the policy.

Jewelry insurance already provides comforting peace of mind, but peace of mind at a slightly lower cost is even better.

Find out your jewelry insurance cost with a quick, free quote.

The Essential Buyer's Guide to Jewelry Insurance

Already have a policy? Check on your discount eligibility by contacting us at [email protected] or 888-884-2424.

*Each Gemprint description is subject to underwriting review.
Discounts cannot be backdated.
Get a Quote
 
Editor's Note: This post was originally published September 19, 2013 and has been updated for accuracy and comprehensiveness.

Comments

MY husband is thinking about getting an in-home safe to store our jewelry insured with Jewellers Mutual when we are not wearing it. Will we receive a discount on our insurance premiums if we have a safe in our home?

Thanks

Lindsay

Lindsay Gottselig

MY husband is thinking about getting an in-home safe to store our jewelry insured with Jewellers Mutual when we are not wearing it. Will we receive a discount on our insurance premiums if we have a safe in our home?

Thanks

Lindsay

Lindsay Gottselig

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