- Homeowners Insurance
Do You Need Jewelry Insurance? Here’s What To Know
Fact Checked
Updated: Nov 23, 2022, 7:08am
Maybe your grandma slips an heirloom ruby necklace valued at $10,000 into your holiday stocking. Or perhaps you’ve got a $10,000 engagement ring on your finger.
While you think these pieces are safe if they’re stashed in a jewelry box, what happens if you lose the necklace in a house fire or the ring is stolen from your bedroom? Will your homeowners insurance cover these pieces?
A standard homeowners insurance policy covers jewelry, but that coverage can fall short of fully covering high-value jewelry. You can add coverage that may fill in the gaps, though.
How Does Jewelry Insurance Work?
A homeowners insurance policy will pay for jewelry repair or replacement after a problem covered by the policy, such as a fire. But a standard home insurance policy limits coverage to $1,500 for theft of jewelry, watches, furs, precious and semiprecious stones.
You can buy separate jewelry insurance if you have items whose value exceeds your homeowners insurance limit.
What’s right for you depends on the value of the jewelry you want to protect.
What Does Jewelry Insurance Cover?
A separate jewelry insurance policy typically covers damage, loss or theft. Damaged jewelry will only be covered if the damage is caused by a problem covered by the policy, like a fire.
You can insure many types of jewelry, including:
- Engagement rings
- Wedding rings
- Antique jewelry
What Does Jewelry Insurance Not Cover?
Jewelry insurance doesn’t cover every type of loss. A jewelry insurance policy generally doesn’t cover:
- Pre-existing damage to jewelry
- Wear and tear
- Intentional damage
- Pest damage
How Much Does Jewelry Insurance Cost?
A separate jewelry insurance policy generally costs 1% to 2% of the jewelry’s value. Here’s an example: If you have a $10,000 ring, you could pay $100 or $200 annually to cover the ring.
Homeowners insurance covers jewelry as part of the personal property portion. In that case, there’s no additional cost to cover jewelry. But that coverage might not be enough for you if you have pricey jewelry that will account for most of your personal property limit.
How Do I Get the Best Jewelry Insurance?
Here are the three main methods for locking in the best jewelry insurance for you.
1. Basic homeowners insurance for jewelry
A standard homeowners insurance policy covers jewelry, including losses caused by fire, a tornado, theft or vandalism. But the policy normally imposes a $1,500 limit for the theft of jewelry and watches, as well as precious and semiprecious stones. Why is the theft limit so low? Because jewelry is so easy to steal, according to the Insurance Information Institute, a trade group.
You can raise the home insurance coverage limits for jewelry, but even those dollar amounts might be insufficient. For instance, you might pay extra to bump up the limits to $2,500 per piece and $5,000 overall—which may still not be enough.
Too many homeowners discover when it’s too late that their standard home insurance won’t fully cover the loss of a $25,000 ring, says Bryan Howard, director of product management and personal lines underwriting at Jewelers Mutual, an insurer that covers jewelry. “That’s a difficult pill to swallow,” he says.
If you make a home insurance claim for theft or damage, your insurance check will be reduced by the amount of your deductible.
2. Insurance floater for jewelry
You can get better jewelry insurance by supplementing your homeowners coverage with what’s known as a “personal articles floater,” which costs more than simply raising the coverage limits on your homeowners policy.
A floater can cover jewelry that exceeds the coverage limits of your homeowners policy. A floater itemizes each piece (such as that ruby necklace or engagement ring) and lists types of losses that might be excluded, such as jewelry destroyed in a flood.
A deductible typically isn’t applied to a floater.
A floater provides jewelry insurance that’s broader than a standard homeowners policy. For instance, a floater covers an “accidental loss”—like dropping your engagement ring down the bathroom sink or leaving a necklace in a hotel room. When you buy a floater, you’re required to get each itemized piece professionally appraised.
Floaters usually cover items no matter where they are, such as in your home, on a plane heading to France or in a hotel room in the Caribbean.
3. Stand-alone jewelry insurance policy
A stand-alone jewelry insurance policy can be purchased from a company that specializes in insuring jewelry. One advantage to a separate jewelry insurance policy is that claims stay off your home insurance record and therefore won’t affect your future home insurance rates.
Many stand-alone policies and floaters offer similar components, according to the Insurance Information Institute, although this varies from insurer to insurer. The similarities may include:
- Coverage for a variety of problems, such as theft, accidental loss and mysterious disappearance
- Coverage of the loss of part of a set, such as one diamond earring
- No deductible
A specialized jewelry policy may go beyond a floater by covering incidents that a traditional insurance policy might not cover, such as a chipped stone in a ring or a broken clasp on a necklace, according to the Insurance Information Institute.
Jewelry Insurance Companies
Jewelers mutual.
In many cases, annual coverage from a specialty insurer costs 1% to 2% of the jewelry’s value. Jewelers Mutual says this means a $5,000 engagement ring could be covered for $50 a year. The company says its deductible options include zero, $100, $250 and $500.
For extremely valuable jewelry, Jewelers Mutual might offer deductibles of $25,000, $50,000 or even $100,000. An appraisal determines the jewelry insurance limits under a Jewelers Mutual policy.
Jewelers Mutual lets you choose the jeweler that repairs or replaces your lost or damaged item. (Other insurers may work with jewelry services to settle a claim, meaning a policyholder might not be able to rely on their own jeweler to repair or replace an item, says Don Elliott, director of claims at Jewelers Mutual.)
BriteCo jewelry insurance
BriteCo offers insurance for jewelry and watches that provides replacement cost coverage for 125% of the item’s appraised value and no deductibles.
PURE jewelry insurance
PURE Insurance—which specializes in coverage for high net-worth individuals—insures jewelry through its collections policies. It either insures a collection of jewelry whose values have been itemized or supplies blanket coverage for a broad collection of lower-value jewelry items. In several ways, its coverage is similar to Jewelers Mutual’s coverage.
The jewelry insurance limits under PURE’s homeowners policy exceed those for typical homeowners coverage: a $25,000 limit for a single piece of jewelry that is stolen, lost or misplaced, and an overall limit of $50,000.
For collections exceeding $50,000, a PURE customer can buy “scheduled” coverage for higher-value jewelry through PURE’s separate collections offering as an add-on to their regular PURE homeowners coverage. With this extra coverage, items must be professionally appraised.
To get the right jewelry insurance, PURE executive Claire Marmion recommends doing regular inventories and appraisals of your collection.
“People tend to underestimate how much jewelry they have. They live with it every day, they love it, they take it around, and they just sort of forget what they have,” Marmion says.
Summary: Jewelry Insurance Options
Tips for protecting your jewelry.
Geico, one of Jewelers Mutual’s partners, gives these tips for protecting jewelry:
- Keep copies of purchase receipts.
- Take pictures of your jewelry.
- Store valuable jewelry in a secure place, such as a safe deposit box. Howard at Jewelers Mutual suggests stashing high-value jewelry in a heavy at-home safe that’s bolted to the floor and out of sight.
- PURE’s Marmion says it can also be a good idea to keep jewelry in different places in your home to make it harder for thieves to find and steal all of your pieces.
- When you’re traveling, bring only those pieces of jewelry that you plan to wear. Going a step further, Elliott recommends traveling only with costume jewelry that looks like pricier pieces, rather than with high-value items.
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Jewelry Insurance FAQ
How do you file a claim for jewelry insurance.
Filing a jewelry claim is similar to other insurance claims. If the loss is connected to a theft, contact the police first and then the insurer. You’ll need a police report for a theft claim. The insurance company will take the claim and investigate the issue. You may have a deductible.
If you have coverage through your homeowners insurance , inform the insurer of the loss and it will start a claims process that may include a claims adjuster.
If you have coverage through a jewelry insurance company, contact that insurer about the loss. The insurance company may ask for your preferred jeweler or suggest you take a damaged piece to the jeweler where you purchased the item. The insurance company will have a claims examiner investigate the loss. The insurer will communicate with the jeweler about the repairs.
How does homeowners or renters insurance cover jewelry?
A standard homeowners insurance or renters insurance policy’s personal property coverage covers jewelry the problem is covered by the policy, such as theft and fire. The coverage doesn’t help if you lose the jewelry or if the piece is damaged by normal wear and tear.
Home insurance usually limits jewelry coverage for thefts to $1,500, but you can increase your coverage for jewelry by adding a floater or buying a separate jewelry insurance policy.
How often should jewelry be appraised for insurance?
Values can change over time so it’s important to get your jewelry appraised regularly so that you have enough coverage. Jewelers Mutual suggests getting jewelry appraised every two years for insurance purposes.
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John Egan is a freelance writer, editor and content marketing strategist in Austin, Texas. His work has been published by Experian, CreditCards.com, Bankrate, SHRM.org, National Real Estate Investor, U.S. News & World Report, Urban Land magazine and other outlets. John earned a bachelor's degree in journalism from the University of Kansas and a master's degree in communication from Southern New Hampshire University.
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Jewelry Insurance
Jewelry insurance protects your jewelry for all its worth.
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If your policy is with Jewelers Mutual Insurance Group:
Manage your policy online or call Jewelers Mutual at (844) 517-0556 .
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Call (888) 903-9174 or log in to your current homeowners , renters , or condo policy to review your policy and contact a customer service agent to discuss your jewelry insurance options.
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Jewelry protection offers the best protection for your cherished valuables.
Jewelry is personal. It recalls emotions, moments, and milestones in your life, which is why it can be devastating if the jewelry that represents special moments in your life is damaged, lost, or stolen. A jewelry insurance policy is the best way to make sure your favorite items are protected.
To help you protect your precious pieces, the GEICO Insurance Agency has teamed up with Jewelers Mutual ® Group. Jewelers Mutual ® Group is the leader in the jewelry insurance industry and has been dedicated to protecting jewelry since 1913. Get your free jewelry insurance quote today.
Why buy jewelry insurance?
A specialized jewelry insurance policy provides comprehensive coverage. This includes coverage against scenarios—like mysterious disappearance (or unexplained loss)—that may not be covered by standard homeowners or renters insurance or by warranties.
How much does jewelry insurance cost?
Jewelry insurance rates depend on where you live. But for most people, jewelry insurance will cost 1-2% of the value of your jewelry. For example, a $5,000 engagement ring could cost as little as $50 per year for engagement ring insurance.
What types of jewelry are covered?
There are many types of jewelry that can be covered by jewelry insurance. We can help cover:
- Engagement and wedding rings
- Heirloom Jewelry
- Loose stones while being set
What isn't covered with a jewelry policy?
There are also things that can't be covered by a jewelry insurance policy. In general, things that are not covered are:
- Wear and tear: Even with the best care, damage can happen over the years. Scratches and tarnishes are expected and won't be covered.
- War and authority: Uncommon, but loss or damage due to war, military action, nuclear hazard, or confiscation by civil authority isn't covered.
- Intentional actions: You couldn't file a claim for purposely damaging or losing your jewelry. If you sell your earrings and the check bounces, that's also not included.
- Pests: If rodents or insects nibble on your heirloom jewelry, that's not covered.
- Collections such as art, guns, and coins
- Non-jewelry items such as dog jewelry tiaras and air pods.
A jewelry policy does not cover pre-existing damage to your jewelry.
Is jewelry insurance worth it?
That's a personal choice. Ask yourself these questions to help you decide if jewelry insurance is right for you.
- If your jewelry was lost, damaged, or stolen, would you want it repaired or replaced?
- If the answer is yes, how much would you be able or willing to pay out of pocket?
- Can you imagine living without your jewelry pieces?
- Jewelry often has value that doesn't come with a price tag. Would your heart sink if you lost your wedding band or discovered your heirloom earrings disappeared?
Get your free jewelry insurance quote today and see how affordable jewelry insurance can be.
Do you need an appraisal to buy jewelry insurance?
While there are some exceptions, you usually do not need a formal appraisal or appraisal documentation in order to purchase a jewelry insurance policy. However, you will need an appraisal or other documentation in order to file a jewelry insurance claim.
Your jewelry isn't ordinary, so you don't settle for ordinary insurance.
With jewelry insurance, all types of jewelry are covered, from engagement rings and wedding bands to watches, earrings, and even loose stones while they are being set. You can complete the jewelry insurance application process in about 10 minutes and, in most cases, be insured as soon as it's received.
What's covered with a jewelry policy?
- Loss. You left your ring somewhere...on a beach towel or in a public bathroom. It's out there somewhere and you can't find it. Don't panic, it's covered.
- Theft. We all know that feeling of dread when something we cherish is stolen. Rest assured that stolen pieces are covered, too.
- Damage. You hit your diamond ring on the edge of a table and it cracks. Accidents happen; it's covered.
- Disappearance. Sometimes jewelry just disappears—it could be lost, stolen, or fell off while you were jogging. Don't worry, that's covered.
Additional benefits of jewelry insurance
- Choose your own deductible
- Worldwide travel protection
- Work with your choice of jeweler
- No need for multiple estimates
- Fast, compassionate claims, with no adverse effect on homeowners or renters
Online Policy Management
Take care of your jewelry insurance online. Just log in to your account to make a payment, add jewelry to your policy, sign up for autopay, report a claim, and more.
Still have questions? Visit our About Jewelry Insurance page for more information. And for advice on how to keep your bling sparkling and in tip-top condition, check out our care tips .
Need to speak to a representative?
You can reach the sales team at (888) 903-9174 .
- Mon – Fri 7:00 AM – 1:00 AM (ET)
- Sat – Sun 8:00 AM – 10:30 PM (ET)
You can reach Jewelers Mutual at (844) 517-0556 .
- Mon – Thu 7:00 AM – 7:00 PM (ET)
- Fri 7:00 AM – 6:00 PM (ET)
Jewelry Insurance: Get the answers you're looking for.
Does homeowners or renters insurance cover jewelry, how often should jewelry be appraised for insurance, how do i file a jewelry insurance claim, is proof of loss required.
Please note:
The above is meant as general information and as general policy descriptions to help you understand the different types of coverage. These descriptions do not refer to any specific contract of insurance and they do not modify any definitions expressly stated in any contracts of insurance. We encourage you to speak to your insurance representative and to read your policy contract to fully understand your coverages.
If you choose to get an insurance quote online, you will be taken to the Jewelers Mutual Group Personal Jewelry Insurance website, which is owned by Jewelers Mutual Group, not GEICO. Any information that you provide directly to Jewelers Mutual on its website is subject to the privacy posted on their website, which you should read before proceeding. GEICO assumes no responsibility for the privacy practices or your use of their website. Jewelry insurance is offered by a member of the Jewelers Mutual Group, either Jewelers Mutual Group, SI (a stock insurer) or JM Specialty Insurance Company, and is secured through GEICO Insurance Agency, LLC . Policyholders of both insurers are members of Jewelers Mutual Holding Company. Coverage and pricing are subject to underwriting review and approval, and to policy terms and conditions.
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Best Jewelry Insurance Options
Jewelers mutual offers a strong reputation and flexible coverage limits.
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Fine jewelry is an investment, whether it's an heirloom necklace or a brand-new engagement ring. To protect your pieces, jewelry insurance can be valuable. Jewelry insurance companies protect your jewelry from various perils, like theft, disappearance, and damage. Although homeowners and renters insurance offer some coverage for fine jewelry, it’s typically limited.
We compared the best jewelry insurance companies based on comprehensive coverage for common losses, low or no deductibles, flexible coverage limits, and affordable premiums. Our guide can help you choose the right provider for your needs.
Best Jewelry Insurance Options of 2023
- Best Overall: Jewelers Mutual Insurance Company
- Best for Heirlooms: Chubb
- Best for Wedding Jewelry: BriteCo
- Best for Accidental Coverage: GemShield
- Most Comprehensive Coverage: Lavalier
- Best for Claims Processing: JIBNA Personal Jewelry Insurance
- Our Top Picks
- Jewelers Mutual Insurance Company
- JIBNA Personal Jewelry Insurance
- See More (3)
Final Verdict
- Compare Providers
Comparing Jewelry Insurance Companies
How does jewelry insurance work, how much does jewelry insurance cost, what do jewelry insurance companies cover, methodology, best overall : jewelers mutual insurance company.
Jewelers Mutual Insurance Company
- Free Appraisal: No
- No. of States: 50 states
Jewelers Mutual is the best jewelry insurance provider overall because it has more than 100 years of experience insuring jewelry and includes coverage for all major perils, all while offering customizable coverage with no deductible.
Strong reputation in the industry
Option for $0 deductible policy
Coverage is for all perils
Some losses are excluded, like wear and tear
Doesn’t offer 24/7 customer service
No free appraisals
We chose Jewelers Mutual as the best jewelry insurance company overall because the company has a strong reputation in the industry. Jewelers Mutual has been in business since 1913 and is backed by leading organizations, like the American Gem Society and Jewelers of America.
In addition, we were impressed by Jewelers Mutual’s coverage. Every piece is covered on an all-risk basis and is protected against losses like theft, mysterious disappearance, and damage, including damage from floods and earthquakes. Jewelry is covered worldwide and during travel.
Overall, insurance from Jewelers Mutual is affordable. The annual cost of coverage is typically 1% to 2% of the item’s value. You can get a quote online to see what you will pay based on the value of your jewelry and set your own coverage limits. We also like that Jewelers Mutual offers $0 deductible policies.
One of the downsides to Jewelers Mutual is that the company doesn’t offer free appraisals, but you don’t need one in order to purchase insurance. Additionally, the company doesn’t offer 24/7 customer service, but you can file a claim any time through the online customer portal.
Best for Heirlooms : Chubb
- No. of States: Not disclosed
Chubb offers generous coverage for heirloom jewelry pieces, including market value increase coverage, which raises your policy limits if your older heirloom jewelry becomes more valuable over time.
No deductible required
Pieces are insured at their agreed value
Includes coverage for market value increases
Must work with an agent to get a quote and buy a policy
Pricing information is unavailable online
If you own heirloom jewelry, Chubb is your best option for jewelry insurance. Not only does the company offer high coverage limits and no required deductible, but every policy comes with unique protection that can be beneficial for older pieces that have been passed down for generations.
Every Chubb jewelry insurance policy includes market increase protection, so if your heirloom pieces gain value, Chubb will pay up to 150% of the new value in the event of a claim. Additionally, your items are covered at their agreed value, and you’ll get 100% of the amount as a cash settlement if you experience a loss. Appraisals are only required if your individual pieces are worth $100,000 or more.
Chubb jewelry insurance is also a good option if you have both heirlooms and new fine jewelry pieces in your collection. The company offers scheduled policies that cover one item, as well as blanket policies that cover multiple pieces. Plus, new pieces are automatically covered for up to 90 days if you already have a policy.
There aren’t many downsides to Chubb, but it’s worth noting that you have to work with an agent to get a quote and purchase a policy. Additionally, the company doesn’t include any information online about how much its policies typically cost.
Best for Wedding Jewelry : BriteCo
Not only does BriteCo offer comprehensive coverage for engagement rings and wedding bands, it also covers preventative maintenance and repairs, which can help your wedding jewelry last for decades.
Very affordable premiums
Free preventative maintenance and repairs
No in-person offices or agents
Requires a recent appraisal to purchase coverage
BriteCo is our top recommendation for wedding jewelry insurance. Whether you want to insure a diamond engagement ring or a platinum wedding band, BriteCo offers flexible coverage for common perils, like damage, theft, and loss, with zero deductible.
One of the most unique features of BriteCo is that the company covers preventive maintenance and repairs for wedding rings specifically. That includes things like stone tightening, prong re-tipping, and replacing broken, worn, and bent ring prongs. If something happens to your ring, BriteCo will provide up to 125% of the appraised value to replace it.
Note that BriteCo operates entirely online. You can get an instant rate quote and file claims right from the website. There’s also a live chat feature if you have questions about purchasing a policy.
If you’re looking for an affordable premium, BriteCo is also a good option. Most policies cost between 0.5% and 1.5% of the item’s value, and you have the option to pay monthly or annually. The biggest downside of BriteCo is that you have to appraise your items to purchase insurance.
Best for Accidental Coverage : GemShield
If you accidentally lose or damage your fine jewelry, GemShield will pay to repair or replace your pieces. Coverage is provided on an all-risk basis , which means that most causes of loss are covered.
Policies are underwritten on an all-risk basis
Pieces are covered anywhere in the world
Easy to get an instant quote online
Can’t file a claim online
Appraisals required for pieces valued at more than $5,000
If you wear fine jewelry on a daily basis, accidents can happen. We recommend GemShield for accidental coverage, because policies are underwritten on an all-risk basis and cover your items from most causes of loss, including theft and disappearance. It also helps cover the cost of repairs and replacements.
GemShield’s policies are underwritten by Berkley Asset Protection, a division of Berkley National Insurance Company. Most policies cost between 1% and 2% of the item’s value, and there’s a $20 minimum premium. The maximum policy limit is $100,000, with up to $35,000 for any single piece of jewelry. However, you can get higher coverage limits depending on the item and its value. Deductibles range from $0 to $1,000.
One important thing to know about GemShield is that appraisals are required for every item that is valued at $5,000 or more, and the appraisal must have been done in the last 18 months. GemShield allows you to insure newly purchased jewelry, but it also must be appraised.
To get a quote from GemShield, you can visit the website. However, you aren’t able to manage your policy, make changes, or file claims online. If you need assistance, you’ll have to email or call the company during business hours, Monday through Friday from 9 a.m. to 5 p.m EST.
Most Comprehensive Coverage : Lavalier
Lavalier offers generous coverage limits for most types of jewelry, which makes it a great option if you have expensive pieces. Plus, you can work with your personal jeweler for repairs.
High coverage limits available
Easy to get a quote online
Policies are underwritten on an all risk basis
Appraisals are required for pieces valued at $5,000 or more
Watches may not be covered
We chose Lavalier as the best jewelry insurance provider for comprehensive coverage because the company offers flexible policies with high coverage limits. Plus, policies protect your pieces on an all-risk basis, which includes most common losses, like theft, damage, and sudden disappearance, anywhere in the world.
Lavalier’s policies are underwritten by Berkley Asset Protection, which also provides GemShield’s policies. You can get coverage for individual items up to $50,000 and up to $150,000 in combined coverage. Additionally, the deductible options are very flexible, ranging anywhere from $0 to $10,000. Premiums cost about 1% to 2% of the item’s value.
Lavalier's personalized claim process stands out. If you experience a loss, you can work with your own jeweler to repair or replace the item, or you can use a jeweler in Lavalier’s network.
Getting a quote from Lavalier is quick and easy using the online rate generator. You can also purchase a policy on the website. Just keep in mind that appraisals are required for items valued at more than $5,000. Also, watches that are insured on an individual basis may not be eligible for coverage.
Best for Claims Processing : JIBNA Personal Jewelry Insurance
JIBNA Personal Jewelry Insurance
JIBNA stands out for its efficient claim handling process. The company prides itself on providing fair and efficient claim payouts with the option for repairs, replacements, or a cash settlement.
All-risk coverage for most jewelry types
Competitive premiums
Personalized claims handling
Limited policy information online
Must work with an agent to get a quote and buy coverage
Appraisals are required
JIBNA, which stands for Jewelry Insurance Brokerage of North America, is our top pick for the best claims processing. JIBNA is dedicated to fast, fair, and personalized claims handling, giving customers the option to repair or replace damaged jewelry or opt for a cash settlement for the item’s full value (minus a deductible) at the time of the loss.
JIBNA’s jewelry insurance policies are underwritten on an all-risk basis, so your pieces are covered against most causes of loss. Policies are competitively priced, with a $50 minimum premium. Additionally, the company uses proprietary software to screen jewelry appraisals and calculate value, which ensures you have just the right amount of coverage.
While JIBNA is excellent at handling claims, the company lacks some beneficial features. For example, you have to work with an agent to get a quote, purchase a policy, and file claims. There is also no online customer portal where you can manage your policy.
Note that JIBNA requires an appraisal in order to purchase insurance, regardless of the item’s value. And because the company doesn’t offer market value increase coverage, you’ll probably want to reappraise your pieces annually to ensure you always have sufficient protection.
There are several key players in the jewelry insurance space. Based on our in-depth comparison, we found that Jewelers Mutual is the best provider overall. It offers comprehensive coverage with flexible policy limits and deductibles, and your pieces are protected from most perils, even while traveling. We also like that Jewelers Mutual has more than 100 years of industry experience and is backed by major jewelry organizations.
Compare The Best Jewelry Insurance Companies
When comparing jewelry insurance companies, there are several things to keep in mind, like the company's reputation, customer reviews, and how long the provider has been in business. Additionally, here are some other things to consider:
- Premium: The premium is the amount of money you pay on a monthly or annual basis to keep your policy effective. Most jewelry insurance policies cost between 1% and 2% of the item’s value, but it can vary based on the insurance company and other factors, like the type of jewelry and how it’s stored.
- Deductible: When you have an insurance claim, you typically pay a deductible out-of-pocket. However, some insurance companies offer zero- or low-deductible policies.
- Coverage limit: Each insurance company has different coverage limits. Make sure the company you choose covers the value of your jewelry in full. You don’t want to choose a company that only covers $100,000 worth of jewelry if you own a $250,000 one-of-a-kind watch.
- Appraisals: Some insurance companies require appraisals before you can purchase coverage, but not all. Check and see if the company you’re considering requires one, when it needs to be submitted, and if additional photographs or receipts are required. This is important to know before you experience a loss.
- Exclusions: Every carrier will have different exclusions, and it’s important to know what they are. For example, if you want coverage for loose stones or bent ring prongs, look for insurance companies that cover those things. You’ll likely want to choose the provider that has the fewest exclusions, especially if you plan on adding more pieces to your policy in the future.
You can purchase jewelry insurance by either purchasing a stand-alone policy to specifically insure your jewelry, or you can add a scheduled floater to your homeowners insurance policy. A jewelry insurance policy should cover the full value of your jewelry in the event of theft, accidental loss, or mysterious disappearance.
The insurance company pays their portion to either replace or repair your jewelry up to the same standards and quality as the original piece after you’ve met the deductible.
Most jewelry insurance policies cost between 1% and 2% of the jewelry's value. For example, an insurance policy to cover a wedding ring worth $10,000 could set you back between $100 and $200 per year. However, your premium will vary based on the insurance company you choose, your coverage limits, your deductible, and where you store your jewelry.
Jewelry insurance companies cover different things, but it’s usually fairly comprehensive. Most providers offer coverage for damage, disappearance, loss, and theft. Some providers cover your jewelry on an all-risk basis, which means that your jewelry is covered from any event that is not specifically excluded from the policy. Keep in mind that jewelry insurance does not typically include damage from wear and tear or intentional acts.
To find the best jewelry insurance companies, we compared 15 providers that exclusively sell jewelry insurance, as well as property insurance companies that offer jewelry insurance endorsements. We looked closely at the premiums, coverage limits, deductible options, areas of availability, and customer reviews for each company. We also considered the ease of getting a quote and contacting an agent, the claim reporting process, and the appraisal requirements for all providers.
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How Much Does Jewelry Insurance Cost?
Insuring jewelry through Jewelers Mutual typically costs you 1-2% of the jewelry’s value, per year.
For example, a $5,000 ring may cost as little as $50 per year to protect. To put that in perspective, jewelry insurance can cost less than getting one coffee every month for a year.
Learn more about personal jewelry insurance.
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Rates depend on where you live. But for most people, jewelry insurance costs 1-2% of the value of their jewelry .
For example, a $10,000 ring costs about $100 per year to insure.
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Jewelers Mutual was founded by jewelers determined to meet their own need for quality business insurance. We were literally founded by jewelry experts.
Jewelers Own Jewelry, Too
Those jewelers later realized another unmet need – quality, expert protection for their own jewelry. Thus, we started offering personal jewelry insurance.
Endorsed By All the Experts
Jewelers Mutual is the only jewelry insurer endorsed by the most well-known companies in the jewelry industry – authorities like American Gem Society and Jewelers of America
Experts Then, Experts Still
Just as the founders were jewelry experts, so is our staff today. We’re proud to employ numerous GIA Graduate Gemologists and AGS Certified Sales Associates.
It All Comes Down to Trust
You trust your home to your homeowners insurance. Trust your jewelry to the actual jewelry experts. Find out how it all works and what our expertise means for you.
Jewelry Insurance
Get a free quote for insuring your jewelry or engagement ring today
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Who needs insurance for jewelry?
If you have an engagement ring or other valuable jewelry, a standalone jewelry insurance policy can protect it with specialized coverage.
While your homeowners, renters, or condo insurance may offer coverage for jewelry, you'd need to add a rider for the pieces you want insured, and making a jewelry claim could affect your entire property insurance rate. With a dedicated policy through Lavalier, you get specialized, "all risk" coverage, and your rate won't automatically increase if you make a claim.
What does jewelry insurance cover?
Lavalier offers "all risk" jewelry insurance coverage, which includes any form of loss, damage, theft, or mysterious disappearance (unexplained loss). Your pieces are covered anywhere in the world, up to the limit on your policy.
JEWELRY COVERAGE
"All risk" coverage
An "all-risk" policy covers your pieces for all loss, damage, theft, and mysterious disappearance unless specifically excluded — and there aren't many exclusions. Even newly purchased jewelry gets limited coverage if you already have a policy.
What's not covered
Your jewelry won't be covered for certain exclusions such as intentional loss, intentional damage, manufacturer defects, or rare situations like war and nuclear hazard.
Types of jewelry covered
While engagement ring insurance is the most popular type, you can get coverage for any valuable piece of jewelry that can be appraised. Policies can be used to "schedule," or cover, multiple pieces of jewelry.
Note : Watch insurance is the only type that may not be available as a standalone policy, and that's determined on a case-by-case basis. Watches can be considered for coverage via policies that include other pieces.
Higher limits
Through Lavalier, the maximum limit for a single piece of jewelry is $50,000, and the maximum total limit on a policy is $150,000. Higher limits are available with company approval.
How does jewelry insurance work?
Jewelry insurance works by protecting you from the cost of your jewelry getting lost, damaged, or stolen. If that happens, you'll make a claim and Lavalier will work with you and your preferred jeweler to repair or replace the piece.
You'll have a chance to approve the repair or replacement before the claim is completed. Lavalier will pay your jeweler directly, minus your deductible (if you have one).
Learn more about how jewelry insurance works .
How much does it cost to insure jewelry?
Lavalier jewelry insurance starts at $68 per year, and it typically only costs 1–2% of your insured jewelry's value. You'll be able to choose your deductible and customize your rate according to your budget. Your deductible can be as low as $0 and as high as $25,000, depending on your preference and your jewelry's value.
Lavalier offers discounts if you have a home safe or a home alarm, or if you store your jewelry in a bank vault or safe deposit box. There's also a discount if you have a gemstone grading report.
Is jewelry insurance worth it?
Jewelry insurance can be worth it for the specialized service and coverage you get. It costs only a small fraction of the value of your jewelry, and you don't have to worry about your overall homeowners insurance rate going up if you make a claim. Plus, Lavalier offers customized coverage and rates, and you can go to your own jeweler for repairs or replacement.
Protect your valuable jewelry today
Get a quote Or, call 1-866-258-8690
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Want to Pay Less for Better Jewelry Insurance ?
Super affordable, exceptional coverage up to 125% of appraised value. no deductibles. monthly pay option..
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Real reviews from our happy customers.
Best Pricing, simple streamlined and efficient process. I highly recommend BriteCo to anyone who is in the market to insure jewelry
It was so easy to get my jewelry insured with BriteCo. I had put it off for years but the jeweler made getting the appraisal and setting up the insurance very simple to do.
Excellent submittal process provided online, easy to attach required documents and fast approval. Would highly recommend using BriteCo provider for your luxury timepieces.
It was so easy to insure my jewelry with Briteco! I was worried about the difficulty of doing everything online but the system worked flawlessly and I saved several hundred dollars plus got even better coverage. Perfect!
Awesome Company, Customer Service and Great Rates. Website is totally user friendly. Truly hope I never have to file a claim, but if I do, I trust BriteCo will provide the same service as they have demonstrated so far……Many Thanks
The day I received my engagement ring, I also applied for insurance with BriteCo on it. So easy to do online, took about 5 minutes and they got back to me within 24 hours with my policy! Quick and easy!!
My fiancé lost the center stone in her engagement ring and BriteCo made getting it replaced a breeze. The peace of mind by itself is worth the money. Just this incident alone more than covered the cost of the insurance.
After only having my engagement ring for a few months it was unfortunately damaged in a car wreck. Thank you BriteCo for insuring my ring and making sure it is back on my finger in time for my wedding!
Perfect! I can’t believe how fast and inexpensive BriteCo’s insurance is. I may be insuring a few more pieces. Thank You Again
Great customer service, quick responses. BriteCo has a simple application process and ultimately a great experience.
Wanted to protect my beautiful ring. Quick and easy quote and policy! Love it! Would recommend BriteCo to everyone.
What does BriteCo jewelry insurance cover?
Insuring jewelry with briteco gives you fast, affordable, 5-star rated coverage.
Worldwide Coverage
The best jewelry insurance means that your jewelry is protected anywhere in the world, 365 days a year, 7 days a week. You don’t ever have to worry about coverage when traveling.
Zero Deductibles
We’ve designed our jewelry insurance policies to be competitively priced with no deductibles. You shouldn’t have to pay out of pocket when making a claim.
125% Replacement Value
No one should get stuck having to pay extra when replacing a precious ring or necklace. Unlike other jewelry insurance companies, BriteCo has you covered for all your jewelry items even if the appraised value of your piece has increased up to 125% since getting your policy.
Things get lost. An earring falls out unnoticed. You put your ring in your jacket pocket and can’t find it. Accidental loss happens. With BriteCo, you’re covered.
Losing your diamond ring or other precious jewelry to theft can be traumatizing. We make it a bit easier knowing you’re covered for full replacement.
Life happens. Accidentally bang your ring against a counter and chip or lose a stone? Snag your ring, and bend a prong? Rest assured, you’re covered.
Mysterious Disappearance
Even if there’s no logical explanation how, where, or when your precious diamond ring or necklace disappeared, BriteCo has you covered.
Limited Impact on Homeowners Policy
Rest a bit easier knowing any jewelry insurance claim you make with BriteCo won’t affect your homeowners or renters policy coverage or cost.
How much does Jewelry Insurance cost?
See how affordable a separate jewelry insurance policy with briteco can be:, briteco offers premiums as low as:.
for $6,500 Earrings in New York, NY
for $5,500 Engagement Ring in Phoenix, AZ
for $8,250 Engagement Ring in Chicago, IL
for $11,750 Watch in San Francisco, CA
for $8,600 Pendant Necklace in Austin, TX
for $1,100 Wedding Band in Miami, FL
Coverage costs are subject to underwriting review and approval according to actual policy terms and conditions. Rates may vary based on a number of factors, including value and primary location.
Trusted by thousands of jewelers across the usa.
Why Insure Your Jewelry? 3 Helpful Facts:
Homeowners or renters policies don’t cut it., most homeowners insurance and renters insurance doesn’t provide comprehensive coverage for your fine jewelry and watches. if they do, it’s for a very limited amount. jewelry insurance offers better coverage., replacement and repair will cost you too much., replacing lost, stolen, or damaged jewelry out of your own pocket is extremely costly and stressful, especially for an engagement ring., not insuring your jewelry will cost you even more, a jewelry insurance policy for your high-value items only costs about 0.5-1.5% of the total value. so there’s no reason not to get your jewelry insurance online with briteco.
Protect Your Valuables In Less Than 2 Minutes
3 easy steps in 2 easy minutes.
BriteCo Gives You These Big Advantages
Prompt claims replacements
through your trusted, local jeweler
No extra charge
to easily add co-insured person to your jewelry insurance.
Annual insurance
coverage updates, no need to get re-appraisals
Backed by an AM Best
A+ rated insurance carrier
Bonus Advantages from BriteCo
- Easily add co-insured person at no extra charge
- Annual value updates keeps your insurance coverage current
- Policies underwritten by an AM Best A+ rated insurance carrier
- Prompt claims process for replacement through your trusted local jeweler at full value
Frequently Asked Questions
Do you need a jewelry appraisal for insurance.
A jewelry appraisal is a document that describes the characteristics of a piece of jewelry with an approximate value assigned to it. Jewelry appraisals are generally required (or highly preferred) by an insurance provider to get coverage. You can usually request an appraisal from your jeweler or the store where you purchased the item. BriteCo offers a convenient online jewelry appraisal option that can be used to apply for insurance coverage.
What are coverage limits for a BriteCo jewelry policy?
BriteCo has a maximum coverage limit for a single piece of jewelry of $150,000, and a maximum total of $500,000 for a schedule of items. BriteCo policies include worldwide coverage for loss, theft, damage and disappearance as well as preventive maintenance.
How do I file a claim?
BriteCo provides replacement jewelry insurance coverage. Your jewelry appraisal is used by the insurance provider to determine a retail replacement value, reflecting how much it would cost to replace the piece of jewelry as brand new. BriteCo works with the jeweler of your choice to replace the exact same item you lost or had stolen. Claims are filed online and expedited personally by our customer service representatives.
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Jewelry Insurance: Everything You Need to Know
Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money .
If your favorite piece of jewelry disappeared or was badly damaged, would you feel:
Devastated because of its sentimental value?
Crushed because you couldn’t afford to replace or repair it?
Reluctant to wear or buy good jewelry again?
If you answered "yes" to any of these questions, jewelry insurance may be a smart buy.
Jewelry insurance pays out when your jewelry is damaged or stolen. Some policies also pay for lost jewelry. Below is a roundup of options to help you find the best jewelry insurance for you.
Jewelry insurance from your home insurer
If you have homeowners, renters or condo insurance, that policy probably gives you at least some jewelry coverage — and more may be available if you need it. Here’s how it works.
Personal property coverage on a standard policy
Standard homeowners, renters and condo insurance covers jewelry under the personal property section of your policy (along with other belongings like clothes and furniture).
These policies typically cover your stuff for events such as theft and fire. But they usually won’t pay for problems that aren’t listed in the policy — like manufacturer defects or dropping your wedding band down a heating vent. Most home insurance policies won’t pay for damage from floods or earthquakes.
There are a few drawbacks to relying on your homeowners or renters policy to cover your jewelry.
First, there’s often a cap on what the company will pay for stolen jewelry, such as $1,500 [0] Insurance Information Institute . Special Coverage for Jewelry and Other Valuables . Accessed Sep 8, 2022. View all sources . If you have jewelry worth more than that, your coverage may fall short.
Second, the insurer will subtract your deductible from a claim payout. So if someone steals your $1,500 bracelet and you have a $1,000 deductible on your homeowners policy, you’ll get only $500 from your insurance company.
Finally, filing a claim for a stolen or damaged piece of jewelry can lead to higher policy premiums.
Consider this option if: You don’t own much jewelry or the pieces you own aren’t worth more than your policy's jewelry sublimit.
» MORE: What does homeowners insurance cover?
If your existing policy’s jewelry limit isn’t enough to cover what you own, you may be able to get one of the following types of extra coverage from your home insurer.
Blanket coverage
Blanket coverage raises the limit your policy will pay out for a given type of valuable item, such as jewelry. For example, if the standard policy offers only $1,500 for stolen jewelry, adding blanket coverage may raise that limit to $5,000 or more. Per-item limits may also apply.
Depending on the insurer, blanket coverage could also expand what your policy pays for to include scenarios like lost or misplaced jewelry. Some companies offer blanket coverage without a deductible.
Consider this option if: You have a collection of jewelry but none of the individual pieces is extremely valuable.
Scheduled personal property coverage
When you “schedule” a piece of jewelry, you buy dedicated coverage for that item. For instance, you may not have any expensive jewelry except your $5,000 engagement ring. Instead of buying blanket coverage for a collection you don’t have, you can simply insure the ring.
Unlike a standard homeowners or renters policy, scheduled personal property may include coverage for issues like losing a bracelet while traveling or dropping a ring down a drain. There’s often no deductible.
You may need to submit an appraisal, or a professional assessment of the item’s value, to buy this coverage.
Consider this option if: You have one or more individual pieces that are worth more than your homeowners policy's jewelry limit.
» MORE: How to finance an engagement ring
Jewelry warranties and service plans
Jewelry warranties and service plans generally serve different purposes than insurance and pay for different problems.
Jewelry warranties
Warranties typically cover manufacturing defects such as loose stones or structural issues. They won’t cover simple wear and tear. Nor will they replace jewelry if someone steals it or you lose it on the beach.
Some jewelry stores require that you bring your jewelry in for inspection regularly — such as every six months — to maintain the warranty.
Consider this option if: You’re concerned about structural defects. Your jewelry may automatically come with a warranty.
Jewelry service plans
Your jeweler may offer a service plan to cover work like ring resizing, stone resetting, rhodium plating or repairs to broken prongs. While these plans can fix damaged jewelry, they won’t help in cases of theft or loss.
Consider this option if: You think your jewelry has a good chance of being damaged — for example, you wear your engagement ring constantly and lead an active lifestyle.
» MORE: How to buy an engagement ring and get credit card rewards
Jewelry insurance from a specialty company
Companies that specialize in insuring jewelry often offer more comprehensive coverage than your homeowners or renters insurer. For example, they may cover preventive maintenance such as stone tightening or clasp replacement. They may also pay for jewelry lost in a flood or earthquake.
Many stand-alone jewelry policies cover your items on an “all risks” basis, which means they pay for damage from any event unless it’s specifically excluded. Some events that jewelry insurance typically won’t cover include:
Manufacturer defects.
War or nuclear hazards.
Wear and tear.
Damage from vermin or rodents.
Intentional loss or damage.
Buying a jewelry policy from a specialty company ensures that if you have to make a claim, it won’t affect the cost of your homeowners or renters insurance.
Many of these policies are “repair and replace” policies that pay your jeweler after a claim. That option could work well for you if you know you’d want to replace a lost piece, but repair and replace policies offer less flexibility than a cash payout.
Consider this option if: You don’t want jewelry claims to affect your home insurance premiums, and you plan to replace lost or stolen pieces.
Jewelry insurance companies
If you’re looking for stand-alone jewelry insurance, the companies below are worth considering.
Best feature: BriteCo will pay up to 125% of your jewelry’s appraised value in case it costs more than expected to replace the item.
Downside: BriteCo doesn’t offer a cash payout when you file a claim. Instead, it’ll work with the jeweler who sold or appraised the piece to create a replacement.
How it works: BriteCo policies cover your jewelry for theft, loss, damage and mysterious disappearance. They also pay for some maintenance services such as prong retipping and stone resetting. In most states, BriteCo will cover up to $350,000 of jewelry per customer and $150,000 per piece. The company automatically adjusts your coverage level each year to reflect market changes that affect your jewelry’s value.
Most of BriteCo’s policies have no deductible. You can pay your premium monthly or get a discount for paying annually. You can save on your rate if you store your jewelry in a safe or have a central burglar alarm in your home.
The company’s website is sleek and easy to use, with a quick online quote process and an electronic claim form.
Best feature: You can choose from various deductible options, which can help you customize the policy's price.
Downside: GemShield generally provides coverage up to $35,000 per piece and $100,000 total, which are lower limits than some other insurers offer. However, the company will consider higher limits on a case-by-case basis.
How it works: GemShield sells “repair and replacement” coverage. That means if your jewelry is lost, stolen or damaged, the company will work with your jeweler to fix the item or create a new one. You can use the same jeweler where you bought the item or choose a different jeweler from GemShield’s network.
GemShield’s policies cover theft, loss, mysterious disappearance, damage, flood and earthquakes. They also include 30 days of limited coverage for new jewelry you buy. You must submit an appraisal for any piece worth $5,000 or more. For items worth less, a detailed receipt may be sufficient.
You can get an online quote in a few minutes. If you need to file a claim, you can call the company or submit the details online.
Jewelers Mutual
Best feature: Discounts may be available for having a home security system, storing your jewelry in a safe deposit box or inscribing your jewelry with an identification number from an industry partner.
Downside: Jewelers Mutual doesn’t offer monthly payment options, though other payment plans may be available if your annual premium is more than $200.
How it works: Founded in 1913 by a group of jewelers, this company has more than a century of experience in providing jewelry insurance. It covers loss, theft, mysterious disappearance, damage, floods and earthquakes. It may also pay for preventive repairs such as fixing bent prongs or restringing broken strands of pearls.
You can get a quote online and adjust your price by changing your deductible (or not having one). You can file claims online or by phone. Jewelers Mutual will pay your jeweler of choice to repair or replace your jewelry; there’s no option for a cash payout.
Even if you don’t get an appraisal every year, Jewelers Mutual will make sure your coverage keeps pace with market changes by adjusting your limit each year. The company may also cover new jewelry for 30 days after you buy it.
Best feature: Lavalier offers an “unscheduled jewelry endorsement” that can cover a group of items worth less than $1,000 each, with no appraisals required. It’s a good option if most of your collection isn’t highly valuable but you still want to insure it.
Downside: There’s no monthly payment option.
How it works: Lavalier covers loss, theft, damage and mysterious disappearance plus claims resulting from floods or earthquakes. It also offers limited coverage for new jewelry. Its maximum limits are generally $50,000 per piece and $150,000 total, but you may be able to request more coverage.
Lavalier lets you customize your premium with multiple deductible options. You can get discounts for having a home alarm or safe, getting a gemstone grading report from an authorized provider or keeping your jewelry in a bank vault or safe deposit box.
You can make a claim through your online account or by contacting customer service. Lavalier will pay your chosen jeweler directly to fix or replace your item.
» MORE: How to buy a diamond online
How much is jewelry insurance?
Stand-alone jewelry insurance policies generally cost 1% to 2% of each item’s value. The price of a policy can vary based on:
Your location.
The number of pieces you’re insuring and their individual values.
The deductible.
Whether the policy reimburses actual value (the cost minus depreciation) or replacement value (the cost to replace it today). In rare cases, there may be a third option. Some companies let you insure heirloom pieces or other difficult-to-replace jewelry on an agreed value basis, which means the insurer will pay out the value stated in the policy.
You may be able to get a discount on jewelry insurance by:
Having a home security system.
Storing the jewelry in a home safe or bank deposit box.
Registering the jewelry with a third party such as Gemprint or Forevermark.
You can usually get jewelry insurance quotes online or over the phone. Once you have a quote, your coverage may begin as soon as you've made a payment. You may need to submit an appraisal or detailed receipt to get coverage.
Jewelry insurance claims
To avoid unpleasant surprises when you file a claim, it’s important to understand how your insurer will compensate you.
Many insurance companies say they’ll pay for “repair or replacement” of damaged or stolen jewelry, but get specifics about how those payments will work. Ask the company:
Will the policy pay out if I damage or lose my jewelry by accident?
Will the policy cover my jewelry if I give or receive it as a gift?
Does my coverage change when I’m traveling?
Will the insurer offer me the cash value of a lost item, or will it pay a jeweler to replace it?
Can I choose my own jeweler for repair or replacement?
If I own custom jewelry, will my policy pay for a new piece, or will I be required to accept something “comparable”?
Typically, the owner of the valuable item also owns the jewelry policy. Giving a piece of jewelry away as a gift may mean your policy no longer covers it, unless the policy specifically states otherwise.
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Jewelry Insurance Companies Jewelers Mutual In many cases, annual coverage from a specialty insurer costs 1% to 2% of the jewelry’s value. Jewelers Mutual says this means a $5,000...
Jewelers Mutual ® Group is the leader in the jewelry insurance industry and has been dedicated to protecting jewelry since 1913. Get your free jewelry insurance quote today. Why buy jewelry insurance? A specialized jewelry insurance policy provides comprehensive coverage.
Jewelry is covered worldwide and during travel. Overall, insurance from Jewelers Mutual is affordable. The annual cost of coverage is typically 1% to 2% of the item’s value. You can get a quote online to see what you will pay based on the value of your jewelry and set your own coverage limits.
Jewelers Mutual is the only jewelry insurer endorsed by the most well-known companies in the jewelry industry – authorities like American Gem Society and Jewelers of America Experts Then, Experts Still Just as the founders were jewelry experts, so is our staff today.
How to get coverage for your jewelry Via property insurance Current Progressive customers: Call 1-866-749-7436 to provide details about your jewelry piece (s) to a representative. An appraisal may be required, as well as color photos for pieces over a certain dollar amount.
Lavalier jewelry insurance starts at $68 per year, and it typically only costs 1–2% of your insured jewelry's value. You'll be able to choose your deductible and customize your rate according to your budget. Your deductible can be as low as $0 and as high as $25,000, depending on your preference and your jewelry's value.
125% Replacement Value. No one should get stuck having to pay extra when replacing a precious ring or necklace. Unlike other jewelry insurance companies, BriteCo has you covered for all your jewelry items even if the appraised value of your piece has increased up to 125% since getting your policy.
How it works: BriteCo policies cover your jewelry for theft, loss, damage and mysterious disappearance. They also pay for some maintenance services such as prong retipping and stone resetting. In...