Jewelry insurance helps protect your valuables from loss, theft, damage and disappearance. Get a jewelry insurance quote, find the right coverage for you and more.
Insurance for high-value jewelry with replacement coverage of up to 125%.
Looking to insure your family heirlooms, but don't know where to start? Benzinga reviews the best jewelry insurance companies for 2024.
Nerdy takeaways ; Jewelry insurance pays to replace or repair your jewelry if it’s stolen or damaged. ; You can get jewelry insurance through your homeowners or renters insurance company or from stand-alone jewelry insurers. ; Insurance for jewelry generally costs 1% or 2% of the item’s value per year.
Jewelry Appraisals at Borsheims · When shopping at Borsheims, your jewelry purchase of $1,000 or more will be accompanied by either a complimentary jewelry appraisal or letter of value dependent on the purchase price. Our experts inspect and appraise your purchase in our highly secured appraisal lab, and your items never leave the premises. In addition, you can always bring your jewelry, post-purchase, to our Customer Service department for an updated appraisal during store hours—no appointm...
U.S. News offers advice on the best jewelry insurance for single pieces, rare and collectible jewelry, and high-value collections.
Jewelry insurance can help you replace a lost item or even cover repairs. While homeowners insurance and renters insurance usually cover valuables, even when outside of the home, most have a limit of $1,500 or $2,000. That’s fairly low considering the average cost of an engagement ring in 2023 was about $5,500, according to The Knot. You could add a floater or a separate policy for an item included in your homeowners or renters insurance, but that could increase your premiums and may not cover every potential scenario. ...
BriteCo, Jewelers Mutual and Gemshield are the best jewelry insurance companies, according to Forbes Advisor's Analysis.
Automatic Coverage for New Items · If you already have jewelry itemized on your policy, any newly acquired pieces will be covered for up to 90 days (25 percent of itemized coverage). ; Liberal Appraisal Requirements · We only require appraisals for individual jewelry pieces valued at $100,000 or more. Otherwise, we just need a detailed description and estimated value. ; Paying Market Value · If the market value of an item before a loss exceeds the amount of coverage, we'll pay up to 150 percent of the amount, itemized on your policy to account for increases in market value.
How to insure jewelry and valuable items ; Step 1. Make a list of the valuable items you want to protect. ; Step 2. Obtain the value of each item . You may need to consider having some items appraised. ; Step 3. Call Travelers or your local independent agent for a quote on a PAF insurance policy.