How to Insure Your High-End Jewelry

If you have a collection of high-end jewelry, a family heirloom passed down for generations, or you just purchased one of the latest pieces in jewelry fashion, it is recommended to seek an insurance policy specifically for your valuable jewelry. In this article you can find general information about insurance for your rings, necklaces, earrings, and other jewelry, potential coverage options, and some of the precautions you may want to take when traveling with your jewelry.

up close image of a diamond ring

What is Jewelry Insurance?

Jewelry insurance is a standalone insurance policy that helps to cover your jewelry in the event it is stolen, damaged, or in some cases (depending on the policy) lost. When looking for insurance for your pieces of high-end jewelry, there are a few different options. One option is to add a rider to a standard homeowner’s insurance to cover your jewelry if an incident were ever to occur. This option may restrict the amount of coverage on your jewelry depending on your policy’s limits, and it may not cover as many risks as other coverage options. Typically, a standalone insurance policy for your jewelry can give you the opportunity to work with insurers that specialize in jewelry and have more flexible coverage options.

How Does Jewelry Insurance Work?

Jewelry insurance works by helping to protect your jewelry in the event a covered claim occurs. Often, claims result from events such as when your jewelry is damaged, lost, or stolen. In the event of a covered claim and depending on the circumstances, your jewelry could either be repaired or you could be provided with compensation for the value of the jewelry (subject to policy terms, conditions, and limits).

How to Get Jewelry Insurance

If you choose to work with our team, our knowledgeable agents will acquire quotes from some of the industry’s leading carriers. With offices in Connecticut and Massachusetts, our local professionals will collect details about your jewelry and the types of insurance plans you are interested in.

collection of mens watches in leather display case

How Much Does Insurance Cost for Your Jewelry?

Insurance for your jewelry and the costs associated with it depend on a variety of factors. Along with the chosen coverage(s) and the amount you select, the following non-exhaustive list will share some of the possible factors that can play into an insurance quote for your collection.

  • Your Jewelry’s Value

High-end jewelry with higher retail value will tend to affect your policy’s costs, as it will be more expensive to replace or repair as compared to less expensive jewelry.

  • Your Residence

Each state, town, and city has varying rates of crime and theft. The area you live in can affect your quote, as the more theft that occurs the more likely you are to file a claim, which can have an impact on your rates.

  • Your Deductible

Typically, an insurer will let you as the policyholder choose the deductible amount (within certain limits). This decision will give you the opportunity to directly affect the premium of the policy and your regularly scheduled costs. For example, you can choose a lower deductible, resulting in a higher premium, or you can choose the opposite. Bear in mind that you must satisfy your deductible before the insurance policy will respond to a covered loss, so be sure to choose a deductible amount that you are comfortable with and which you would realistically be able to satisfy in the event of a loss.

  • Potential Discounts

Depending on your insurance carrier and the discounts they offer, you may be able to save on jewelry insurance costs. For example, if you have a home security system, a vault in your home, or if you have an identification number inscribed onto your ring, you may qualify for a discount.

close up of hand typing in code to a home safe

Tips for Traveling with Jewelry

Vacations and holidays are a common time to dress up and wear your favorite jewelry, which makes knowing how to protect your pieces important as these events are a common occurrence. The following are some tips to help protect your jewelry when you travel.

  • Make sure you have adequate coverage before leaving on your trip
  • Make sure your jewelry is packaged carefully
  • Make arrangements for proper security beyond a hotel safe
  • After returning have your jewelry inspected and cleaned by a professional


To help protect your investment in your jewelry collection, you should be sure to have appropriate insurance coverage. Connect with a local insurance agent today to discuss unique features of your jewelry and to discuss insurance options for you.


This article is for general informational purposes only and is not to be relied upon or used for any particular purpose. Cross Insurance shall not be held responsible in any way for, and specifically disclaims any liability arising out of or in any way connected to, reliance on or use of any of the information contained in this article. The information contained or referenced in this article is not intended to constitute and should not be considered legal, insurance, accounting or other professional advice, nor shall it serve as a substitute for the recipient obtaining such advice. The views expressed in this article are that of its author and do not necessarily represent the views of Cross Financial Corp. and its subsidiaries and affiliates (“Cross Insurance”) or Cross Insurance’s management or shareholders.

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