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What’s jewelry insurance?

Jewelry insurance is part of what we call Valuable Personal Property Insurance, or VPP Valuable Personal Property Insurance, or VPP. You might also know it as engagement ring insurance.

It helps protect your jewelry from accidents like drops, breaks and loss. Plus, there's no deductible.

What does jewelry insurance cover?

You can insure many types of jewelry, such as:

  • Engagement rings
  • Rings and earrings
  • Necklaces and bracelets
  • Watches, including smartwatches
  • Heirloom jewelry

Claims covered by jewelry insurance

Jewelry insurance could pay to repair or replace your covered items. Here are some examples of claims covered:

Drops and breaks

You accidentally drop your smartwatch, and the screen cracks.

Lost and misplaced jewelry

You get home and realize an earring fell out at the park.

Theft

Someone steals your bracelet out of your gym bag.

Fire

An apartment fire destroys your pearl necklace.

Weather-related events

A windstorm damages your watch collection.

Choose a policy that fits your needs.

To help you get the right coverage, you can tailor your VPP policy based on the value of your jewelry.

Blanket Policy

This covers any item up to $2,500 or any collection up to $10,000. A blanket policy is easy to get because you don't have to describe your jewelry or provide an appraisal up front.‍ ‍ See note 1


Keep in mind that if you have a piece of jewelry that's valued over $2,500, a blanket policy won't have enough coverage.

Scheduled Policy

This is designed to cover an item valued over $2,500 or a collection valued over $10,000. If you want to insure an expensive piece of jewelry, such as an engagement ring, a scheduled policy will help make sure you have enough coverage.


To get a scheduled policy, you'll need to describe each piece of jewelry. Depending on the value, you may have to get an appraisal for the policy.

Is an appraisal required to get a policy?

To get a blanket policy, you don't have to provide an appraisal up front. For a scheduled policy, you may need appraisals depending on the value of your items. But most policies don't require one.

 

We recommend getting an appraisal on all your jewelry, whether or not it's required by the policy. If you report a claim on either type of VPP policy, you'll need to provide proof of ownership and value.

How much does jewelry insurance cost?

It depends on your items, their value and how much coverage you get.


Our rates start as low as $2 a month. Plus, we offer savings on auto, homeowners and renters insurance when members bundle their policies with VPP insurance.‍ ‍ See note 2

What else can VPP cover?

You’ve got other important belongings, so let’s get them covered too. VPP insurance includes these categories:

Jewelry insurance FAQ

Most homeowners and renters policies cover jewelry, but there are often limitations.

You may have to pay a deductible as part of your homeowners policy or renters policy. For example: If you have a $2,000 ring and a $3,000 homeowners deductible, you'd have to pay out of pocket to have it repaired or replaced. With a VPP policy, there's no deductible.

A VPP policy may help cover your jewelry if you accidentally drop it, break it or lose it. A homeowners or renters policy won't.

A homeowners or renters policy may help cover theft of jewelry up to a limit, which may be less than a high-value item or collection. With a VPP policy, you can get theft coverage for an item or collection up to the value you specify.

If you file a homeowners or renters insurance claim for your jewelry, it could cause your rates to increase when your policy renews. If you file a VPP claim, it won’t affect the rates on your homeowners or renters policy.

Replacement cost coverage means you can repair or replace your stolen or damaged property with items similar in quality and worth.

The amount we pay is determined at the time of the claim, up to your policy's limit. Some exceptions or conditions may apply. Refer to your policy for details.

To get a VPP blanket policy, you don't have to provide an appraisal up front.

But to get a VPP scheduled policy, you'll need to provide basic descriptions of your items. You may also need appraisals up front depending on the value of your items, but most don't require one.

For an appraisal, you'll need to hire a credentialed, independent appraiser with expertise in jewelry. The appraisal must include a physical inspection of the items, since we don't accept virtual or online appraisals.

On their report, the appraiser needs to include:

  • Date of the appraisal
  • Their contact info
  • Detailed description based upon the type of valuable and how much it's worth

Regardless of whether your policy requires it, you should always have an appraisal for valuable jewelry. We also recommend you update the appraisal every five years to make sure you have enough coverage. The value of your jewelry can change over time, and you might need to update your policy.

If you report a claim for any piece of jewelry on either type of VPP policy, you'll need to provide proof of ownership and value.

Here’s some examples of items that aren’t included in a jewelry policy:

  • Sunglasses and eyeglasses
  • Clothing and footwear
  • Handbags and purses
  • Hearing aids
  • Smart jewelry data and accessories