Should You Insure Your Jewellery?

Have you ever wondered if you need to insure your jewellery? 

Maybe you’ve just bought a new piece you love, received something special as a gift, or inherited a ring that means the world to you. Whatever the reason, it’s a smart question to ask. Jewellery isn’t just about beauty—it often carries emotional and financial value, too.

Insuring jewellery is one of those things that many people think about but don’t always get around to doing. But taking that small step can give you peace of mind and protection, especially for items you wear often or treasure deeply.

So let’s talk about when it makes sense to insure your jewellery, what the process looks like, and how it helps protect what matters most.

What Does Jewellery Insurance Cover?

Jewellery insurance is designed to protect your pieces from common risks like loss, theft, and accidental damage. Depending on the coverage you choose, it may also protect against things like mysterious disappearance or damage while traveling.

This kind of insurance is separate from general home or renters insurance, although it can sometimes be added as an extension or “rider” to an existing policy.

When Should You Insure Your Jewellery?

You don’t need to insure every accessory you own, but there are some pieces that make a lot of sense to protect. If a piece is valuable, rare, or sentimental, it’s worth considering.

How to Start the Insurance Process

Getting your jewellery insured is easier than you might think. The process usually starts with knowing the value of your piece and finding a policy that fits your needs.

Step 1: Get a Professional Appraisal

Before you can insure your jewellery, you’ll need to know how much it’s worth. A professional appraiser can examine your piece, note its features, and provide an official valuation. This includes details like gemstone type, weight, metal type, and design.

Many insurance companies require an appraisal, especially for higher-value items. It ensures you’re covered for the full replacement cost based on the piece’s unique qualities.

Step 2: Choose an Insurance Option

You can insure your jewellery in a few different ways:

• Add a rider or endorsement to your homeowners or renters’ insurance
  
• Get a separate jewellery insurance policy through a specialised provider
  

A standalone jewellery insurance policy may offer more specific coverage, especially for travel, mysterious disappearance, or worldwide protection. It’s also helpful if you want to avoid claims affecting your home insurance premium.

Step 3: Submit Photos and Documentation

Most insurers will ask for clear photos of the piece, the appraisal report, and sometimes a sales receipt. Keeping these documents organized makes the process smooth and ensures accurate coverage.

Once you’re approved, you’ll receive a policy with your coverage details, terms, and annual premium.

How Much Does Jewellery Insurance Cost?

The cost of insuring Evry Jewels jewellery is typically affordable compared to its value. On average, it might cost one to two percent of the item’s appraised value per year.

Does Jewellery Insurance Cover Sentimental Value?

Jewellery insurance covers the financial value of your item, not the emotional attachment. However, it gives you the chance to replace or repair your piece if something unexpected happens.

Some insurers also work with jewellers to recreate a lost or damaged piece as closely as possible to the original. While nothing replaces sentimental value, having a restored version can bring comfort and help preserve the meaning behind it.

Travel and Jewellery Insurance

If you often wear or bring jewellery while traveling, insurance becomes even more useful. Travel always comes with a bit of unpredictability, and having coverage ensures you won’t lose a favourite piece without support.

Some policies offer global protection, meaning you’re covered no matter where you go. This is helpful for people who attend events, weddings, or vacations where jewellery is part of their look.

Having that extra layer of protection makes it easier to enjoy your trip without extra worry.

Keeping Your Policy Up to Date

Jewellery values can change over time, especially for rare or vintage pieces. That’s why it’s smart to update your appraisal every few years and review your policy.

If you’ve bought new items or received gifts, consider adding them to your existing plan. Keeping your records and coverage current ensures you’re always fully protected.

Wrapping It Up

So, should you insure your jewellery? If it’s valuable, sentimental, or something you’d hate to lose, the answer is yes. Jewellery insurance offers peace of mind, protects your investment, and helps you move forward if something unexpected happens.

It’s a simple process that starts with an appraisal and ends with long-term confidence. Whether you’re protecting a family heirloom or your favourite pair of earrings, having insurance gives you one less thing to worry about—so you can wear your jewellery with joy, not concern.