Fine jewelry and watches are more than just accessories, they are cherished family heirlooms, a symbol of lasting love, a reminder of treasured moments. The value of the meaning behind your fine jewelry and watches is priceless and should be protected with dedicated insurance.

Common Jewelry Loss & Repairs That Require Insurance

Any jewelry that is worn every day, such as an engagement ring, is more susceptible to damage or loss. And because an engagement ring is often the most expensive jewelry a woman will own, it makes sense to make sure it is insured.

Diamonds are still the favorite stone for engagement rings and, contrary to popular belief; a sharp strike on a hard surface can easily chip a diamond. Even washing dishes in a ceramic sink can cause chipping.

Water sports are another culprit for loss. Your fingers constrict when they’re cold, so losing a ring while swimming or snorkeling presents a very real risk. Any sporting activity, in fact, can be hard on jewelry.

According to Jewelers Mutual Insurance Group, the only insurance provider that specializes in jewelry insurance, more than half of the company’s claims are partial losses. Losing a stone from a ring is one of the more common instances. Winter gloves are notorious for catching on prongs and loosening ring settings. Partial losses, such as chipped stones, aren’t covered under typical homeowners policies. To cover all jewelry losses, get a rider on your homeowners policy. Better still, choose a standalone policy for your jewelry like the one offered by Jewelers Mutual Insurance Group.

JA Jeweler Tip
“I helped a newly engaged couple who came in the store because they were…concerned about an inclusion that was near the edge [of their diamond]. I told them there is risk that the diamond could chip or break along that inclusion and if they're worried about it, they should consider insurance. I handed them the Jewelers Mutual pamphlet knowing their insurance would cover such a loss. I'm glad to have eased their concerns!”
deJonghe Original Jewelry

Coverage Considerations

Homeowners Policy

When insuring jewelry, check your coverage. On basic homeowners policies, jewelry is protected for only certain causes of loss.  Damaging an item, or losing all or part of one, typically are not covered losses. Theft is often limited to $1,000.  You can “schedule” your jewelry on your homeowners policy. It will cost an additional premium, but provide better coverage.

Dedicated Jewelry Insurance

A stand-alone, specialized policy, such as those offered by Jewelers Mutual Insurance Group provides, broad, worldwide coverage and won’t jeopardize your existing homeowners policy if a jewelry loss occurs.

Repair or Replacement Policy and Appraisals

With a repair or replacement policy, your insurance company steps in for you and deals directly with your jeweler of choice to help the jeweler recreate an exact match to your original piece. A jewelry appraisal assigns value to your entire piece, taking into account the setting and any stones. Insuring your jewelry for its current retail replacement value is vital to repair or replacement.

Jewelers of America recommends Jewelers Mutual Insurance Group, as it is the only insurer dedicated solely to serving the jewelry industry in the United States and Canada. Founded in 1913, Jewelers Mutual was formed by a group of Wisconsin jewelers to meet their unique insurance needs. More than 300,000 consumers trust Jewelers Mutual Jewelry Insurance to protect their personal jewelry. You can find Jewelers Mutual insurance in nearly 10,000 jewelry businesses in North America. To learn more, visit

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