Jewelry Insurance 101: How to Protect Your Investment

Fine jewelry isn’t just beautiful—it’s valuable, sentimental, and often irreplaceable. Whether it's a custom engagement ring, a family heirloom, or your favorite everyday diamond studs, each piece tells a story and holds emotional as well as financial worth. That’s why protecting your investment with proper jewelry insurance is one of the most important—and overlooked—steps in responsible jewelry ownership.

Many assume that homeowners or renters insurance automatically covers jewelry, but in most cases, coverage is limited and often capped at a fraction of your jewelry’s true value. Standard policies may only offer a few thousand dollars for loss or theft, and rarely cover accidental damage or mysterious disappearance. That’s where dedicated jewelry insurance steps in—offering broader protection, tailored specifically to the unique risks fine jewelry can face.

To get started, the first and most important step is to have your jewelry professionally appraised. This document provides an official valuation and detailed description of your piece—including stone quality, metal type, and distinguishing features—which is critical for establishing accurate coverage. Make sure to update appraisals every few years, especially for high-value or custom pieces, as market values can shift over time.

When choosing a jewelry insurance provider, look for a policy that covers loss, theft, accidental damage, and mysterious disappearance—a surprisingly common situation where you can’t pinpoint how or when a piece went missing. Some providers also cover repairs and replacements using jewelers you trust, so you don’t have to settle for a generic replacement if the unexpected happens.

Monthly premiums are typically modest—often 1–2% of the jewelry’s total value—and coverage begins as soon as the policy is active. While no one likes to imagine losing a cherished piece, the peace of mind that comes from knowing it’s protected is worth every penny. You’ve invested in something meaningful—insuring it ensures that story doesn’t end unexpectedly.

At Polmeri, we believe that luxury should always come with a sense of security. If you’re unsure where to start, we’re happy to recommend trusted appraisal partners or point you toward jewelry insurance providers our clients love.