Protect Your Sparkle: Comprehensive Jewelry Coverage for Every Occasion

Jewelry often represents more than its price tag. Engagement rings, anniversary gifts, heirlooms, and milestone purchases can carry significant emotional and financial value. Because of that, protecting these items with the right insurance coverage is an important part of a comprehensive personal insurance plan.

Understanding how jewelry insurance works can help ensure your most meaningful pieces are properly protected.
 

Why standard homeowners coverage may not be enough

Most homeowners, renters, and condo insurance policies include coverage for personal property. However, jewelry is often subject to specific sublimits for theft and certain types of loss.

That means a high-value ring or necklace may not be fully covered under a standard policy. Reviewing your policy limits is the first step in determining whether additional protection may be appropriate.

Coverage options to consider

There are generally two ways to enhance jewelry protection: scheduling individual items or adding blanket coverage.

1. Scheduled jewelry coverage

For high-value items, particularly those over $5,000, scheduled jewelry coverage ensures adequate protection. This coverage requires a detailed description of each item and may require a jeweler’s appraisal for items exceeding $20,000.

• Actual Cash Value
  You describe each item to be insured and its estimated value. In the event of a claim, we pay up to the amount of insurance, but not more than the item’s actual cash value at the time of loss.
• Agreed Value 
  You describe each item to be insured and its estimated value. In the event of a claim involving total loss, we agree to pay the amount of insurance shown in the schedule.
   

Your agent can help explain which option fits your situation.

2. Blanket jewelry coverage

Acuity’s Jewelry and Furs Enhanced Coverage, sometimes referred to as blanket coverage, offers a simple solution, because it does not require detailed descriptions. This specialized Acuity coverage is a good option if none of the jewelry items are individually valued at more than $5,000. You simply request a per occurrence limit that is accompanied by a per article limit to cover all their jewelry. The maximum blanket coverage limit offered by Acuity is $25,000 per occurrence, subject to a $5,000 limit per article. Jewelry and Furs Enhanced Coverage broadens coverage from the Homeowners Policy to include loss by theft, misplacing, or losing.

What jewelry insurance may cover

Enhanced jewelry coverage may provide protection for losses such as:

• Theft

• Accidental loss

• Mysterious disappearance

• Certain types of damage

Coverage details vary by policy, so reviewing terms and exclusions with your agent is important to understand how protection applies.

Steps to help protect your jewelry

In addition to securing the right coverage, a few practical steps can support both protection and documentation:

• Obtain a professional appraisal to establish accurate value

• Keep receipts and photographs of each item

• Store jewelry securely when not in use

• Have pieces inspected periodically to check for loose settings or wear

• Review coverage regularly, especially after acquiring new items

Keeping records up to date can help streamline the claims process if a loss occurs.

Protect what matters most

At Acuity, we recognize the value of your cherished possessions. With flexible options like scheduled and blanket coverage, we make it easy to protect your jewelry without the guesswork.

An independent insurance agent can review your current policy, explain available options, and help determine whether scheduled or blanket coverage is appropriate. Taking time to evaluate your coverage today can help ensure your most valuable pieces remain protected for years to come.