All Things Olive
Jewelry Insurance, Explained
This content is provided by Jewelers Mutual® Group.
Questions about protecting jewelry come up often. What is blanket jewelry insurance? What does it cover? How is it different from what I already have? This guide answers the common ones in plain terms.
What is blanket jewelry insurance?
Blanket jewelry insurance covers multiple pieces of jewelry under one policy, with one coverage limit that you choose. Instead of insuring each piece separately, you protect your collection as a whole. That includes what you already own and what you just bought, up to your selected limit.
Rings, watches, earrings, necklaces, bracelets, cuff links, and brooches all qualify. If you wear it, it is likely covered.
why does it matter?
Jewelry can be expensive to replace, and its value can change over time. If a piece is lost, stolen, or damaged, you pay for the repair or replacement yourself unless coverage applies. Jewelry insurance exists to help with that cost.
Doesn't my homeowners insurance already cover my jewelry?
Possibly, in part. But it can be limited. According to Jewelers Mutual, standard homeowners policies typically have low coverage limits, exclusions for specific losses, and high deductibles. Homeowners insurance usually covers only about $1,000 to $2,500 for jewelry, and without a rider, you could pay the rest out of pocket.
There is also the matter of your rate. Filing a jewelry claim under your homeowners policy can raise your homeowners premium or lead to non-renewal.
What it does not cover?
Preventative maintenance, unattended auto, checked baggage, and data are not covered. This is not a complete list of exclusions.
What does blanket jewelry insurance cover?
Blanket jewelry insurance covers accidental damage or loss, theft, disappearance, fire, wind, and hail. Coverage follows you while you travel worldwide.
common questions
See Your Options
Our jewelry insurance page has coverage details, how it works, and a free quote.
Available in all U.S. states except New York, Kentucky, and Alaska. Insurance coverage may be subject to underwriting approval, and is subject to actual policy terms. Any descriptions of coverage are not a substitute for actual policy language. Coverage options may vary by state and by product. Exclusions and limitations may apply. Insurance coverage is offered by JM Specialty Insurance Company. Policyholders of JM Specialty Insurance Company are members of Jewelers Mutual Holding Company.
Although your jeweler may offer opinions to consumers about the importance of protecting their purchases, your jeweler is not a licensed agent and does not sell or offer advice about insurance. Any/all decisions for protecting jewelry must be made by the consumer, following information gathering. The purchase of insurance must be done by direct interaction with an insurer or licensed insurance agent.
