Jewellery Insurance
Your jewellery holds immense value—both sentimental and financial. This collection may encompass a wide array of pieces, including engagement rings that symbolize love and commitment, family heirlooms passed down through generations, fine necklaces that complement special outfits, and exquisite watches that can sometimes be considered works of art. Given their significance and worth, these cherished items deserve comprehensive protection that goes far beyond what a standard homeowner’s policy can provide, ensuring that you are safeguarded against loss, theft, or damage in any unforeseen circumstances.
Insurance for Jewellery Collections
Jewellery is often more than just an accessory—it’s an investment, a symbol of love, and a repository of precious memories. Protecting it with specialized insurance ensures that you can safeguard its financial and sentimental value, no matter what life throws your way.
You Should Never Rely On Your Homeowners Policy
While homeowner’s insurance offers general protection, it often falls short when it comes to high-value jewellery. Most policies cap jewellery coverage at low limits—typically between $1,000 and $5,000, which is often far below the true value of a collection or even a single piece. They also tend to exclude common risks such as accidental loss or mysterious disappearance, leaving significant gaps in protection.
High deductibles can further reduce reimbursement amounts, and replacement terms may not guarantee repair or replacement with a comparable item.
For meaningful protection, specialized jewellery insurance is essential to ensure your pieces are properly valued, covered, and replaceable.
Advantages of Insuring Your Jewellery
Our blanket coverage makes insuring a growing collection effortless. New additions are automatically protected, so there’s no need to update the policy every time something new is acquired. Our team simplifies valuation by covering a collection as a whole, up to a specified limit, without requiring individual appraisals, unless a single item is worth more than $20,000. Most importantly, it gives a collector peace of mind to focus on finding the next treasure, knowing the entire collection is protected by a policy that evolves as the collection grows.
Jewellery Insurance FAQ
Jewellery insurance is a specialized policy designed to cover loss, theft, damage, and other risks specific to valuable jewellery. Unlike homeowners' insurance, which often has low coverage limits and exclusions, jewellery insurance offers higher limits and comprehensive protection.
Yes, most insurers require a certified appraisal to determine the accurate value of your jewellery. This ensures you are adequately covered in case of loss or damage.
Virtually all types of jewellery can be insured, including rings, necklaces, earrings, bracelets, watches, heirlooms, and even loose gemstones.
Yes, specialized jewellery insurance typically includes coverage for accidental loss, such as misplacing a ring or dropping a bracelet down a drain.
Yes, most jewellery insurance policies offer worldwide coverage, protecting your items whether you're at home, abroad, or in transit.
Claims are typically settled based on the appraised value of the item. For custom jewellery, insurers work with you to ensure a replacement or repair that matches the original design and craftsmanship.
Yes, most insurers allow you to add newly acquired pieces to your policy, often with temporary automatic coverage until an appraisal is completed.
Factors include the total value of your collection, the type of coverage chosen, the location where the jewellery is stored, and the security measures in place (e.g., safes, alarms).
While policies vary, common exclusions include intentional loss, wear and tear, or damage due to improper maintenance. It’s essential to review your policy details.
You can typically file a claim by providing proof of ownership, such as an appraisal or purchase receipt, along with details about the incident. Insurers aim to process claims quickly, especially when working with adjusters familiar with jewellery.
Jewellery values can fluctuate due to market conditions or changes in craftsmanship demand. Many specialized insurance policies recommend periodic appraisals to ensure your coverage remains adequate and reflects the current value of your items.
You can choose to insure individual pieces or your entire collection. Specialized jewellery insurance offers flexibility to match your needs and budget, whether you’re insuring a single engagement ring or a multi-piece collection.
To obtain coverage, you'll typically need a certified appraisal, photographs of each item, and proof of purchase if available. This documentation helps ensure accurate valuation and simplifies the claims process.
Insurance for High-Value Items & Collectibles
Private Collection Insurance (PCI) offers tailored insurance solutions designed to protect a wide range of rare and valuable items including, but not limited to Jewellery, Watches and Timepieces, Fine Art, Wine and Whiskey, Sports Cards, Comic Books, Memorabilia, Vinyl Records, Musical Instruments, Static Vehicle Collections, Coins, Firearms, Purses and Fashion, and other high-value items.
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Private Collection Insurance makes insurance protection simple and seamless. To begin the process, visit our application page to complete the relevant application form or briefly scroll down click to use our Contact Us form to get in touch with our team.