Jewelry Insurance for Your Valuable Items
Protect Your Sparkly Assets
Protect your most treasured possessions with comprehensive jewelry insurance from St. Andrews Insurance. Whether it’s a family heirloom, an engagement ring, or a luxury watch, our specialized policies ensure your valuables are safeguarded against loss, theft, or damage.
What is Jewelry Insurance?
Jewelry insurance is a specialized policy designed to protect valuable items like rings, necklaces, earrings, and watches. Unlike home insurance jewelry coverage, which may have limitations,
a dedicated jewelry insurance policy provides broader protection and higher coverage limits for your cherished pieces.It is an essential step to ensure the sentimental and financial value of your jewelry remains secure.
Do I Need Jewelry Insurance?
If you own valuable jewelry, getting insurance for jewelry is essential to protect your investment. Home insurance policies often fall short in covering high-value items or may impose strict caps on claims. With a dedicated policy, you receive comprehensive protection against theft, loss, and damage, no matter where you are. This reassurance is invaluable for items that carry both financial and sentimental worth.
How Does Jewelry Insurance Work?
Personal jewelry insurance is straightforward and designed to be user-friendly. First, you will need an appraisal to determine the accurate value of your items. Once your valuables are assessed, a customized policy is created to match the specific value and type of jewelry.
In the event of a loss, theft, or damage, filing a claim allows you to receive compensation or a replacement, ensuring that you are never without protection for your treasured items.
What Does Jewelry Insurance Cover?
Our best jewelry insurance policies offer robust protection. They cover loss and theft, ensuring that stolen or misplaced items are fully compensated. Accidental damage, such as chips, cracks, or other harm to gemstones and settings, is also included. Our policies provide worldwide protection, allowing you to travel with peace of mind knowing your valuables are covered.
Specific options, such as engagement ring insurance, ensure your most precious symbols of love are fully protected. Additionally, insurance for luxury watches caters to high-end timepieces, offering bespoke coverage tailored to their unique value and craftsmanship.
What’s Not Covered by a Jewelry Policy?
While our policies are comprehensive, there are exclusions to consider. Normal wear and tear, fraudulent claims, and pre-existing damage are typically not covered. Understanding these limitations helps ensure that your expectations align with the policy’s protections.
What Types of Jewelry Are Covered?
Our jewelry insurance policy provides coverage for a wide range of items, including engagement and wedding rings, necklaces, bracelets, earrings, luxury watches, heirloom and antique jewelry, and designer or bespoke pieces
Whether your collection includes rare antiques or modern luxury items, our policies are designed to provide full protection.
How Much is Jewelry Insurance?
The jewelry insurance cost depends on factors like the item’s value, location, and the coverage features you select. Typically, the cost ranges from 1-2% of the item’s appraised value annually.
For example, insuring a $10,000 ring might cost between $100 and $200 per year, while a $5,000 watch might range from $50 to $100. This affordability ensures that you can protect your valuables without significant financial strain.
How Do I Make a Claim for Lost or Stolen Jewelry?
Filing a claim is a simple process with St. Andrews Insurance. If you experience a loss, the first step is to contact our team immediately to report the incident. Documentation, including proof of ownership, appraisals, and receipts, will be required to process the claim. Once your documentation is reviewed, you will receive compensation or a replacement, depending on your policy’s terms.
Get more protection with St. Andrews. Our products include:
- Home Insurance
- High Value Home Insurance
- High Net Worth Insurance
- High Value Contents Insurance
- Fine Art Insurance
FAQs
Yes, insuring your jewelry ensures full protection against theft, loss, and damage, offering peace of mind for high-value and sentimental items.
Yes, our policies include coverage for lost items, whether they are misplaced at home or while traveling.
Absolutely, appraisals are crucial for determining accurate coverage limits and ensuring that items are insured at their true value.
Homeowners insurance may offer limited coverage, often capped at a low amount. A dedicated jewelry policy is recommended for complete protection.
While renters insurance may include some coverage for jewelry, the limits are typically insufficient for high-value items. A separate jewelry insurance policy is ideal for comprehensive protection.
Yes, for high-value or unique pieces, separate insurance ensures broader coverage and avoids the restrictions of standard policies.
It is recommended to have jewelry appraised every 2-3 years to account for changes in market value and ensure your policy reflects accurate coverage amounts.
Deductibles vary based on your chosen policy. Some policies offer zero deductible options, while others allow you to select a deductible that balances affordability and coverage.
Yes, luxury watches are included under our insurance for luxury watches policies, providing specialized coverage tailored to their value and design.
While some coverage exists, it is limited. A dedicated jewelry insurance policy ensures higher coverage limits and more comprehensive protection against various risks. You need to purchase additional coverage through an economical floater or endorsement to insure valuable items, like jewelry and engagement rings.
Our service areas include:
- High Home Value Insurance in Ontario
- High Home Value Insurance in Toronto
- High Home Value Insurance in Vaughan
- High Home Value Insurance in Oakville
Get a Quote Today
Safeguard your valuables with insurance on jewellery from St. Andrews Insurance. Our team is ready to create a customized plan for your unique collection