The Jewelry Box Blog

How to Lower Your Jewelry Insurance Cost

on Jan 13, 2021 2:15 PM
How to lower your 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 Group offers the following jewelry insurance discounts.

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 four 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.

Interested in seeing how much a personal jewelry policy would cost you? It's less than you think. Get a free quote with just your jewelry type, value and zip code now.

Get a Quote

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.
Editor's Note: This post was originally published September 19, 2013 and has been updated for accuracy and comprehensiveness.