Why purchase separate jewelry insurance?
Having a separate insurance policy specifically for your jewelry can be a wise solution. Furthermore, filing a jewelry-related claim can increase your homeowners' insurance premium.
Choosing separate jewelry insurance therefore provides more comprehensive and often affordable coverage in the event of loss or theft. Best Jewelry Insurance Companies in 2025
After an in-depth analysis of rates, benefits, exclusions, underwriting processes, available discounts, and more, the Investopedia team named Jewelers Mutual the best jewelry insurance company for 2025. Other companies also stood out:
Best Overall: Jewelers Mutual
Best for Low Premiums: BriteCo
Best for Replacement Value: WAX
Best for Fast Quotes: GemShield
Best for Discounts: Lavalier
Why Trust Investopedia?
Investopedia, a trusted source of financial information since 1999, relies on a rigorous methodology for its rankings. To compile this list, its analysts collected 276 data points from 12 specialized insurers. The criteria used include costs, types of coverage, ease of purchase, insurer reputation, and claims handling.
What is jewelry insurance?
Jewelry insurance is a policy that protects you financially in the event of theft, loss, or damage to your jewelry (rings, necklaces, bracelets, etc.). It works like any other insurance: you pay a premium and, in the event of a covered loss, you can receive compensation.
Home insurance sometimes covers jewelry, but generally in a limited manner and under certain conditions. This is why specific jewelry insurance may be preferable.
Cost:
Premiums generally represent between 1% and 3% of the estimated value of the insured item. Some policies include a deductible, i.e., an amount you pay before compensation. You may also benefit from discounts if, for example, your jewelry is kept in a secure safe.
Appraisal:
An appraisal is required at the time of purchase or of a claim. Although not mandatory, an appraisal allows you to better adjust your coverage. An underestimate reduces the premium, but also the compensation. An overestimate can result in you paying too much for coverage.
How Jewelry Insurance Works
Before purchasing, it is essential to carefully read the policy's terms and conditions. Good jewelry insurance often covers cases of:
Theft
Deterioration
Unexplained disappearance (known as "mysterious disappearance")
Certain exclusions may apply, such as intentional damage or manufacturing defects.
In the event of a claim, you can choose to have the lost item repaired, replaced, or reimbursed. Some insurers even offer reimbursement exceeding 100% of the declared value, to account for inflation or the current replacement value.
Who is this type of insurance for?
Anyone who owns valuable jewelry and wants to protect it effectively can consider this coverage. This also applies if your home insurance doesn't adequately cover your belongings. This policy offers peace of mind, especially for expensive items as an engagement ring.
Key Terms to Know
Premium: The amount you pay for coverage, monthly or annually.
Deductible: The amount you must pay before the insurance covering.
Appraisal: An Appraisal estimates the jewelry's true value.
Floater: An option you can add to your home insurance to cover a specific piece of jewelry beyond the standard limits.
