Jewelry Insurance

Updated: 11 March 2024

What Does Jewelry Insurance Mean?

Jewelry insurance is insurance that provides financial reimbursement for losses related to jewelry. These losses can include theft, damage, or loss of jewelry. Jewelry is often made out of expensive material such as fine gold or precious stones such as diamonds, emeralds, sapphires, and rubies. Jewelry related losses can be expensive. This is why people often purchase jewelry insurance.

Insuranceopedia Explains Jewelry Insurance

Many homeowners' or renters' insurance policies have an unscheduled property component that can cover between $1.000 and $15,000 for losses related to unscheduled property. Jewelry can be included in the items covered by unscheduled property components. However, many people own jewelry that is worth far more than $15,000. So, for people who have highly valuable jewelry collections, they may be better off purchasing jewelry insurance than simply relying on a homeowners' or renters' policy to cover their jewelry risks

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