Personal Jewelry & Collections

Jewelry Collections, Valuable Items, and Engagement Ring Insurance

Why Insure Jewelry?

Insurance for jewelry can provide the ability to repair or replace it after a covered event. First Class jewelry insurance offers coverage for new purchases, jewelry on loan or consignment, and access to experts who can advise on protecting jewelry from burglary.

Is jewelry insurance worth it?

Jewelry serves as more than an accessory; it is a personal expression connecting individuals to meaningful aspects of their lives. Jewelry and valuable items insurance policies can help protect these cherished items.

What does jewelry insurance cover?

Jewelry and valuable items insurance covers jewelry, engagement rings, wedding rings, collectibles, sporting equipment, electronics, and more if stolen or damaged in a covered event. Typical homeowners insurance policies without a personal articles floater (PAF) may not provide adequate coverage for these valuable items.

How much does jewelry insurance cost?

Costs vary according to the value of the items covered and location. Generally, jewelry insurance may cost between 1% to 2% of the item’s value. For example, insuring a $5,000 engagement ring may cost around $50 per year with a $250 deductible.

Deciding on jewelry insurance

To decide whether to insure jewelry or valuable items, consider:

• The impact of losing the jewelry.
• Willingness to repair or replace lost, stolen, or damaged jewelry.
• Amount willing to pay out of pocket.