If you're wondering what items can be covered under jewellery insurance, the answer is much broader than you may realise. While engagement rings are among the most commonly insured valuables, specialist jewellery insurance isn’t limited to covering engagement and wedding rings – cover may typically be available for luxury watches, antique and bespoke pieces, necklaces, and entire jewellery collections, depending on the insurer and the policy selected.
Over time, many collections grow almost without us noticing. An engagement ring is followed by wedding bands, anniversary gifts, milestone birthday presents or family heirlooms. Add a luxury watch or two and the total value can quickly become significant.
Why do I need jewellery insurance?
Replacing a treasured piece of jewellery isn't always straightforward. The cost of replacing gold, platinum, diamonds and other gemstones can change over time, while antique, vintage, bespoke or inherited pieces may be difficult – or even impossible – to replace like for like.
Whether you own an engagement ring, luxury watch or a collection of treasured pieces, appropriate jewellery insurance can help protect you against the often significant cost of repairing or replacing valuable jewellery if the unexpected happens, subject to the policy terms, conditions and exclusions.
What jewellery can be insured?
Many specialist jewellery insurance providers can typically cover a wide range of valuable items, including, but not limited to, insurance for:
- bridal sets, engagement and wedding rings
- diamond jewellery (lab-grown and mined)
- gold, platinum and silver jewellery
- gemstone jewellery (often including loose stones)
- luxury watches
- bespoke, antique and vintage jewellery
- inherited jewellery
- high-value items, individual pieces and collections
Exactly what can be insured will depend on the provider, the value of each item and any underwriting requirements.
Doesn't my home insurance already cover my jewellery?
In some cases, yes – but not always.
Many home insurance policies include some cover for jewellery, but there are often limits on how much you can claim for a single item. Higher-value pieces may need to be listed separately on your policy, and cover away from home isn't always included unless you've added personal possessions cover.
At Assetsure, our jewellery insurance is specifically designed for valuable items, with cover that can include worldwide protection. With the policies we offer, there's no excess to pay following a successful claim, and because your jewellery is insured separately from your home, it won't affect your home insurance claims history.
You can choose an excess on some items if you wish and this will usually reduce the premium.
Further reading:
Choosing the most suitable jewellery insurance
At Assetsure, we specialise in jewellery insurance for a wide range of valuable items, including engagement rings, wedding rings, luxury watches, antique jewellery and family heirlooms.
We can also insure jewellery stored in approved safe deposit boxes (the banks generally do not cover the actual contents of the storage box).
Whatever your jewellery collection looks like, we'll help you explore suitable cover at what we believe is a cost-effective price to protect the pieces that matter to you. Please call us today on 0208 0033 190 for a no-obligation discussion.
Disclaimer: This article is provided for general information only and does not constitute financial advice or a recommendation. Insurance is subject to underwriting, terms, conditions, exclusions and policy limits. Always read the policy documentation carefully to understand what is and is not covered.
