Do you have an expensive jewelry collection? Does it have significant monetary and sentimental value? You should insure it. Jewelry insurance should be a part of your home insurance policy.  A regular home insurance policy has a low limit on jewelry, with limited perils.   


It's devastating to know that jewelry representing special moments and memories in your life has been stolen, lost or damaged. That's why it’s a good idea to get jewelry insurance through your insurance agency. This type of specialized jewelry insurance policy provides comprehensive coverage against scenarios such as loss, damage, theft and even mysterious disappearance or unexplained loss (which is not usually covered by warranties, or standard homeowners’ or renters’ insurance).


This will depend on where you live, your exact policy, and which agency you go through, but generally, jewelry insurance costs between one and two percent of the value of your jewelry. For example, let’s say you want to insure a $5,000 engagement ring. This would cost you as little as $75 a year to insure.

Do You Need Jewelry Insurance?

You may not be sure that you even need such insurance. Ask these questions of yourself: 

If your jewelry disappeared today, would you be...

  • Devastated about the sentimental loss?

  • Unable to cover the cost of replacement?

  • Afraid to wear other, uninsured jewelry?

  • Subject to coverage limits with your current insurance?

  • Forced to use a jewelry replacement company rather than a preferred jeweler?

  • Worried about settling for a replacement of lesser quality than that of your original?

  • At risk of having your insurance rates go up?

If you answered "yes" to any of these questions, you are a good candidate for jewelry insurance. 

Tips for Protecting Your Jewelry

There are steps you can take to ensure your jewelry collection is protected on a daily basis. Here are some tips to follow: 

  • Make sure it’s insured for the proper amount

  • Get the item/items appraised

  • Keep copies of any receipts

  • Take a photo of the items

  • Keep your jewelry in a secure place (i.e., safe deposit box)

  • When traveling, only bring jewelry you will actually wear. It’s best to bring simple pieces. 

  • Never leave jewelry in your luggage

  • Get your jewelry inspected regularly

Most standard homeowners’ policies don’t cover jewelry. But that’s OK, you can easily add jewelry insurance to your homeowners’, renters’, condo, or manufactured home policy. Call your trusted local insurance agency to insure the full appraised value.


If you’re wondering why jewelry isn't automatically covered under your homeowners’ insurance, it’s because companies can’t just assume that you have expensive items in your home. This would mean most people would be paying for coverage they don’t need. If insurance providers were to build in extra coverage to all policies for a $5,000 engagement ring, everyone's prices would go up. Jewelry insurance gives people the option of adding expensive items to their policy to ensure a more accurate price across the board.

Contact Bearce Insurance About Jewelry Insurance


To learn more about how to insure your jewelry collection, be sure to contact us locally at 508-586-3400 or toll-free at 800-498-9900, or get an online quote today.