How to Insure Jewelry: Coverage for Rings, Watches, & More

Jewelry holds significant value, both financially and sentimentally. From wedding rings and heirloom necklaces to luxury watches and custom bracelets, these cherished items deserve the best protection available. Insuring your jewelry provides peace of mind—knowing that you are safeguarded against loss, theft, and damage. In this guide, we’ll explore the different types of jewelry that can be insured and the various coverage options available to ensure your treasured pieces are fully protected.

Why Jewelry Insurance?

It's devastating to have jewelry that represents special moments in your life get damaged, lost, or stolen. That's why the GEICO Insurance Agency has teamed up with Jewelers Mutual Insurance Group to offer jewelry insurance.

A specialized jewelry insurance policy provides comprehensive coverage, for example, coverage against scenarios like mysterious disappearance (or unexplained loss), which may not be covered by standard homeowners or renters insurance or by warranties.

The jewelry specialists at Jewelers Mutual will repair or replace to a level of indistinguishable kind and quality, so you won't be able to tell your old piece from the new in the event of a loss, damage, theft, or disappearance.

Types of Jewelry Insurance:

There are different types of jewelry insurance coverage options, and different jewelry pieces may require specialized coverage to address their unique risks and values. Below are the different types of jewelry insurance options available through GEICO:

Stand Alone Jewelry Insurance:

Specialized policies that provide comprehensive coverage specifically for jewelry.

Homeowners/Renters Insurance Rider:

An add-on to an existing homeowners or renters insurance policy that provides additional coverage for valuable items.

Specialized Ring and Wedding Ring Insurance Coverage:

Specialized coverage ensuring that rings are protected against loss, theft, and damage—providing peace of mind for items with significant sentimental and financial value.

Specialized Watch Insurance Coverage:

Insurance policies for high-value timepieces, smartwatches, and vintage watches can cover various risks, including damage from everyday wear and tear, theft, and accidental loss.

Specialized Insurance Coverage for Other Jewelry:

Whether it’s a designer necklace or a bespoke bracelet, ensuring these items are included in your insurance policy protects you against unforeseen circumstances that could result in financial loss.

How much does jewelry insurance cost?

Rates depend on where you live, but for most people, jewelry insurance will cost 1-2% of the value of your jewelry. For example, a $5,000 engagement ring could cost as little as $50 per year to insure.

How to Insure Your Jewelry

Learn how to insure jewelry and make sure that your valuable pieces are adequately protected with the following steps:

Choose the Right Insurance Policy for Your Jewelry

Consider specialized jewelry insurance policies that offer comprehensive coverage for your items. GEICO policies cover a wide range of risks, such as loss, theft, and damage. Alternatively, you can add a jewelry rider to your existing homeowners or renters insurance policy, though this option may have more limitations than standalone policies.

Get your Quote with GEICO

Request a quote for affordable jewelry insurance through GEICO Insurance Agency by providing detailed information about your items. You can complete the online application in about 10 minutes and, in most cases, be insured as soon as it's received.

Provide Necessary Jewelry Documentation

Submit the required documentation, which typically includes purchase receipts and detailed photographs of your jewelry. Ensure all information provided is accurate and up-to-date to avoid any issues during the claims process.

Paying Premiums

Pay the annual or monthly premium to keep your policy active. Regularly review and renew your policy to maintain continuous coverage for your jewelry.

Still not sure if you need jewelry insurance?

Ask yourself these questions:

If my jewelry disappeared today, would I be...

• Devastated about the sentimental loss?
• Afraid to wear my other uninsured jewelry?
• Unable to cover the cost to replace it?
• Subject to coverage limits with my current insurance?
• Forced to work with a jewelry replacement company and not my preferred jeweler?
• Worried about having to settle for a replacement of lesser quality than the original?
• At risk of having my insurance rates go up?

If you answered "yes" to one or more of these questions, you're an excellent fit.

Get your free quote now and find out how affordable jewelry insurance can be.

Tips for protecting your jewelry:

• Make sure it is insured for the right amount
• Have the item appraised
• Keep a copy of the store receipt
• Take a picture of the item
• Keep your jewelry in a secure place such as a safe-deposit box
• When traveling only bring the jewels you are going to wear
• Never leave jewelry in your luggage while being transported by an airline, cruise line, or other public transportation
• Have your jewelry inspected regularly