Items filtered by date: February 2022

Your jewelry is more than an accessory, it’s a personal expression that connects to something meaningful in your life. Whether it’s your engagement ring or your grandfather’s watch, you can help protect your cherished items with a jewelry and valuable items insurance policy. 

What Does Jewelry Insurance Cover?

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 without a Personal Articles Floater (PAF) may not cover, or provide enough coverage for those valuable items. That’s where jewelry and valuable items coverage can help.

How Much Does Jewelry Insurance Cost?

Jewelry insurance costs vary, depending on where you live. In general, jewelry insurance may cost between 1% to 2% of the value of your jewelry or valuable item. For example, a $5,000 engagement ring could cost as little as $50 per year to insure.

Is Jewelry Insurance Worth It?

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?