art & jewelry insurance

Jewelry and valuable items insurance can cover your favorite items from jewelry to collectibles, sporting equipment, electronics and more – including engagement rings and wedding rings – if they are stolen or damaged in a covered event. A typical homeowners insurance policy may not cover, or provide enough coverage for those valuable items. That’s where jewelry and valuable items coverage can help.

Only you can decide whether your cherished jewelry or valuable items are worth protecting with insurance. Ask yourself the following questions to explore whether jewelry and valuable items insurance is right for you.

• Can you imagine losing your jewelry?
• If your jewelry was lost, stolen or damaged, would you want it replaced or repaired?
• If the answer is yes, how much would you be able or willing to pay out of pocket?

This itemized coverage can help give you some peace of mind knowing your belongings and jewelry may be covered should they get lost. There is no deductible for most classes or types of property and the coverage insures against many risks, including loss and theft.

Consider a collections policy for:

• Engagement rings and wedding rings
• Jewelry
• Watches
• Silverware, china and crystal
• Antiques
• Fine art
• Stamp and coin collections
• Bicycles
• Trophies
• Sound equipment (recorders)
• Wedding gifts
• Cameras
• Personal computers
• Musical instruments
• Golf equipment
• Pedigree dogs
• Garden tractors

If you own a piece of jewelry of significant value, you might have to file an insurance claim in the event it goes missing, is stolen ore goes missing due to an unfortunate event.  Would you have enough coverage from your homeowners insurance policy?  Most likely, not.  Your homeowners coverage will provide some coverage, depending on the type of policy and additional endorsement that may be available.  In the event the coverage limits are not enough, you can purchase a blanket policy or schedule the items you want to insure individually (itemize them) on the policy.  Both of the options allow you to have higher coverage limits in order to protect your assets in the event of a loss.

Blanket coverage provides a certain amount of coverage, a limit, for a class of property, as well as an additional sub-limit per item. For example, if your blanket coverage offers a limit of $5,000 for valuables, then there might be a sub-limit of $1,000 covering specifically jewelry and watches. If you have a number of valuable items worth under $1,000 each, blanket coverage will be a good option for you to have higher coverage limits.

Scheduled coverage involves more organization since you will need to create an itemized list of the items you want to insure and provide it to your insurance carrier along with documentation stating the value of the items (an appraisal). This way, each of your items will be insured separately, according to individual values listed on the policy. In the event of a total loss due to a covered accident, you will be reimbursed for the value agreed on in the policy. If you lose one item from a set, for example one earring, you will most likely receive reimbursement for both items from the set, although you will have to leave the remaining one with your insurance carrier.

Homeowners insurance may provide limited coverage amounts for lost jewelry or valuable items based on the type of item and cause of loss. Valuable items coverage may provide the protection you need for your valuable possessions in the event of covered loss from, for example, theft or fire.

Step 1. Make a list of the valuable items you want to protect.

Step 2. Assign a value to each of them. If you’re not sure, consider having the items appraised.

Protecting your valuables from loss may be an affordable option depending on your needs. Whether you just need coverage for your jewelry or want insurance for multiple valuables, We offers options. You can add on and choose the coverage that fits your needs. 

Whether you own one piece of fine jewelry, a number of vintage watches, or a whole collection of valuable items, insurance for your jewelry can provide you with peace of mind, knowing that you’ll be able to repair or replace it after a covered event. With certain insurance company's, you’re automatically covered for new purchases and for jewelry on loan or consignment, and you’ll have access to qualified experts who can share tips on how to protect your jewelry from burglary or refer you to the jewelry specialists you need.

Whether you own one piece of fine art, a number of outdoor sculptures, or a whole collection of artwork, insurance for your collection can provide you with peace of mind, knowing that you’ll be able to repair or replace it after a covered event. With certain insurance company's art insurance, you’re automatically covered for new purchases worldwide, whether they’re at your home, a gallery, or in storage, and you’ll have access to qualified experts who can share tips on how to protect your art from harm or refer you to the art specialists you need.

Whether you own a couple bottles of rare whiskey or a whole collection of fine wine, insurance for your collectibles can provide you with peace of mind, knowing that you’ll be able to replace them after a covered event. With certain insurance company's  wine and spirits, you’re automatically covered for new purchases worldwide, you’re protected against a broad range of losses including breakage and spoilage due to mechanical breakdown, and you’ll have access to qualified experts who can share tips on how to protect your wine at home or offsite, and can refer you to the wine and spirits specialists you need.

We understand the years you've invested to manage your collection. You deserve the peace of mind that comes with knowing your possessions are protected. With experience protecting some of the world's largest and finest collections, we can help protect the collections you cherish the most.