Best Places to Buy Jewelry Insurance

Best Places to Buy Jewelry Insurance

You’re at the right place if you looking for the best places to buy jewelry insurance online. In this article, we’ll be exploring everything you need to know about jewelry insurance along with answering some of the most frequently asked questions about them including:

  • How do you know you’re getting the best deal when buying jewelry insurance?
  • What’s jewelry insurance?
  • What should I look for when buying jewelry insurance?

We have highlighted some of the best places to buy jewelry insurance online in this guide. Let’s get right into it, shall we?

Best Places to Buy Jewelry Insurance Online

  • GemSafe Insurance
  • Chubb Insurance
  • Jibna Personal Jewelry Insurance
  • Lavalier Personal Jewelry Insurance
  • Jewelers Mutual Insurance

What’s Jewelry Insurance?

Jewelry insurance is just like other normal insurance covers like renters’ insurance or homeowners’ insurance. Save for this case the insurance covers your jewelry. Some insurance companies usually cover jewelries with stand-alone policies while others are accompanied by different coverage companies dealing with home and car insurance.

You can protect valuable possessions in your life like wedding and engagement rings with jewelry insurance policies. Some people only get to wear bridal jewelry and that’s all they can ask have in their collection. For others, its adding to an insurance policy that they already have or planning to insure different pieces.

Generally, jewelry insurance offers protection for when something bad happens your valuable possessions. Coverage limits usually depend on different circumstances. However, most insurance companies have policies that cover jewelry even if it disappears mysteriously.

There’s an amount you’re supposed to pay to the insurance company annually in case of an eventuality. The cost usually varies from one company to another. In case anything happens, and you end up with a damaged jewelry one way or the other, the insurance will see to it that you get a new one.

In most cases, the insurance company will pay you to replace or repair your jewelry if it’s covered in their policy. However, the cash value of the replacement depends on the value of the jewelry as per the assessment by a jewelry appraiser. Having a jewelry insurance puts your mind at ease in case of emergencies or when something happens to your valuable items.

  1. Getting Jewelry Insurance at Jewelers Mutual

Jewelers mutual usually has meaningful partnerships with different jewelry companies like Blue Nile and James Allen. Jewelers of American organization also support the company. They have been around since time immemorial and mainly focus on helping protect your jewelry and will continue doing so for as long as they can.

Customers love Jewelers mutual because it’s easy to obtain a quote from them. They also allow the customer to choose their preferred insurance policy, giving you the leeway to go for no deductible or deductible option.

The best thing about Jewelers Mutual is that it’s backed by a great team of AGS and GIA certified gemologists. This makes their customers feel safe to insure their valuables with them especially jewelry since they specialize in that sector. Plus, they don’t write a check for you and run when you file a claim.

Jeweler’s Mutual coverage includes loss, damage, theft and disappearance covered all over the world. What’s more, filing a claim is equally easy since you can initiate it online which makes it convenient. Once Jewelers Mutual receives a claim, you can proceed and talk to your favorite jeweler.

Jewelers Mutual allows you to choose the company you plan on working with. This means letting them know the jewelry store of your choice. If you have chosen a deductible, you’ll need to pay a certain amount and the insurance company will cover the difference. This way, you can go home with your replacement the same day.


  • They have no deductible
  • They deal with renowned brands like James Allen, Brian Gavin and Blue Nile
  • You can obtain a quote online


  • You have to give them all your details
  1. Getting Jewelry Insurance at Lavalier

If you’re a hands-off person then Lavalier Jewelry Insurance would be an excellent choice for you. This is because you don’t have to give them detailed information about you to obtain a quote unlike other insurance companies.

You can buy jewelry insurance from them with ease over the phone or online. According to reviews, you can easily get a quote from the website online in a few minutes. However, you might need an appraisal to receive the quote. For instance, Blue Nile usually gives their customers appraisals at no extra cost for wedding bands and engagement rings.

You can buy the policy right there if you’re satisfied with the quote. Lavalier Jewelry Insurance offers coverage all over the world. The limit of the coverage is about $50, 000 although they make exceptions when necessary.

Lavalier works remarkably well with Brilliant Earth, one of the most popular retailers when it comes to conflict-free diamonds. Plus, they cover almost all situations including mysterious disappearance, loss, damage and theft.

However, the insurance policy doesn’t cover intentional damages, wear and tear, nuclear hazards, war and manufacturer defects. In this case, it would be best to get an engagement ring from an online retailer that offers a free lifetime warranty. James Allen comes highly recommended.


  • Lavalier Jewelry Insurance covers almost all situations including mysterious loss
  • The company allows you to buy their insurance over the phone or online
  • You don’t need to give them your contact information to obtain a quote
  • It’s available all over the world


  • The insurance doesn’t cover wear and tear or defects
  • You need an appraisal to receive a quote
  • Their coverage limit is relatively low
  1. Buying Jibna Jewelry Insurance

Jibna is a renowned jewelry insurance that has been around since time immemorial. However, they haven’t upgraded their policies to fit the modern-day world and that can be a major drawback.

Jiban Jewelry Insurance wants all their clients to world with their agents which technically means that their salary is probably on a commission basis. Most people believe that this insurance is stuck in the old way of doing things because they don’t give an assistance save for connecting you to one of their agents. Besides, the agents are the only ones who can give you meaningful information about the company’s insurance policy.

What’s more, you need to speak to an agent to obtain a quote or file a claim. Their website is equally old! However, since they’ve been around for the longest time, it’s quite evident that their clientele trusts them and their services despite the dinosaur practices.

Jibna Jewelry Insurance usually asks for an appraisal then use their software to go over it to ensure its correct. The company will also you a quote for all the jewelry pieces you’re looking to insure. They cover different risk situations including any mysterious disappearance.


  • Jibna is a reputable insurance company that has been around for the longest time
  • They have hands-on and committed insurance agents
  • They cover mysterious disappearance as well


  • You need to obtain a quote and file a claim with their agent
  • They have their own appraisal system that they use along side yours to ensure its correct
  1. Buying Chubb Jewelry Insurance

Chubb Insurance is a property insurance that offers jewelry insurance as well. They cover jewelry under valuables unlike other insurance companies that add it as a side policy.

Chubb is one of the oldest insurance companies in the world even though it’s not the most preferable for jewelry insurance. The best thing about this insurance company is that you don’t need their appraisal unless the piece of jewelry you plan on insuring is more than $100, 000 which is their value limit.

However, you can’t obtain a quote online just like at Jibna. In this case, you might need to work with their insurance agent. This situation is quite normal especially for insurance companies with floater policies and those that include jewelry in the covers.

Their policy is not only itemized but also covered worldwide to allow their customers to insure an entire jewelry collection. If you buy a new jewelry, it’s covered automatically for 90days unless you want to insure it. Chubb Jewelry Insurance covers irreparable damage and theft with an exemption of mysterious loss.


  • Their services are available all over the world
  • They offer automatic 90 days coverage for new jewelry
  • You don’t need an appraisal except for valuable that cost $100,000 and beyond


  • It’s a property insurance company
  • It only covers damage beyond repair and damage but not mysterious loss
  • You can’t obtain a free quote online
  1. Buying GemSafe Jewelry Insurance

GemSafe is a stand-alone jewelry insurance company that’s less known. Initially, this insurance provider was under Sterling Risk Insurance even though they’ve been around since 1932. It’s parent company deals with property insurance.

However, GemSafe usually serves as a business hub for customers, jewelers and appraisers. The best thing about GemSafe Jewelry Insurance is that they insure your valuables for up to a maximum of 25% coverage than the agreed value. This is because the market value can increase over time. Most insurance companies don’t have this feature.

GemSafe covers damage and loss including missing stones and regular repairs. Plus, you’re protected all over the world along with risk coverage. However, they don’t have a deductible option for their clients which is a major setback for most people looking to buy jewelry insurance. Their policy doesn’t cover mysterious loss as well.


  • You can obtain a quote online
  • Offers worldwide coverage
  • Your jewelry can be insured up to a maximum of 25% than its agreed value


  • It’s not a well-known insurance company
  • They don’t have a deductible option
  • It’s a sub-sector of a large insurance company

Is Jewelry Insurance Cheap or Expensive?

The cost of jewelry insurance varies from one company to the other depending on a number of factors. However, you should manage your expectations since some of the prices are outrightly outrageous. There are two different types of pricing plans that should worry you when looking to buy jewelry insurance – the premium and deductible.

The initial price is usually the actual cost of the policy which is otherwise known as the premium. The premium is paid annually religiously and that means even when your valuable item is in perfect condition.

Some insurance providers give their clients an option to choose from different policies. For instance, if the insurance company has a policy with a coverage limit of up to a maximum of $10,000 and on your appraisal your engagement ring is about $18,000, you won’t get its full value in case anything happens to it. In this case, you’ll need to get a policy with a relatively high limit value.

However, getting a policy with a higher limit value cost more. The most common high limit value for an engagement ring is usually $10,000 for majority of policy holders. According to a survey done in 2019, the average cost of a high-quality engagement ring was $5,900.

You might need to explore other expensive options if you’re looking for an ideal cover for multiple pieces. This way, you can get full value of the item in case anything happens to it. A jewelry insurance will always allow you to get a replacement within the same range although it can’t equate to the devastation that comes with losing something sentimental.

Buying jewelry insurance is quite affordable on its own. Most insurance providers charge 2% of the initial value of the piece of jewelry. This means that keeping the standard $10,000 cover limit costs between $100 to $200 annually. The floater policy allows you to add different items to your homeowners insurance albeit at an extra cost.

A floater policy is also known as a rider policy. This policy allows customers to add certain items to their standard home insurance. Save for the policy cost, how much the deductible costs is equally important. The deductible is the amount of money you need to pay to use the insurance claim.

Some insurance companies don’t have the deductible option and that is what most clients are looking for. There are deductible amounts from as low as $100. However, you’ll need to pay the deductible amount you opt for before cashing in on the policy.

Comparing and contrasting is one of the easiest ways to choose the right cost of any insured jewelry. Most jewelry insurance companies provide online quotes that you need to fill out for free. However, they might need an appraisal so it would be best to have one at your disposal before you proceed to comparing costs.

What to Look for When Buying Jewelry Insurance

There are a number of things you need to put into consideration when looking for the best jewelry insurance and comparing the costs. However, the specifics of an insurance policy usually depend on what you want for your valuable items.


By now, you already know that some insurance providers offer a deductible while others don’t give their clients this option. For the most part, a deductible is usually the biggest selling point for majority of insurance companies. There are some companies that will allow you to pick a deductible of your choice ranging from as low as $100.

Imagine someone paying you voluntarily when they can choose not to! That’s what most people believe when they are not conversant with deductibles and their importance. Personally, there’s no way I can pay an extra amount for a lost engagement ring to get its monetary value. But that’s just me…

However, here are a few reasons why some people would want a deductible. For starters, a high deductible translates to lower premium costs. As earlier mentioned, a premium is the amount you’re bound to pay yearly regardless of the condition of your valuable item. However, you only need to pay the deductible after filing a claim.

In some cases, the possibility of something happening to your valuable item, in this case, jewelry, might be pretty low. In such scenarios, the valuables are usually kept in a fireproof safe and locked. Plus, some people find the annual premiums relatively expensive.

Some people prefer paying higher costs when something actually happens as opposed to committing to regular payments yearly. It’s quite the opposite for others. At the end of the day, it narrows down to personal preference because to each their own.

However, you need to know the cost of the premiums for each deductible option that every jewelry insurance company charges.


As earlier mentioned, some insurance providers offer basic coverage. However, the differences are quite noticeable from one insurance company to the other.

Theft and damage are the two most common coverages when it comes to jewelry insurance policies. In this case, damage means something extreme like a tornado or fire. For the most part, policies don’t cover any repairs for wear and tear especially if the engagement ring features a prong which needs retipping to maintain.

That’s why you need to get your valuable items from companies with a lifetime warranty. In this case, James Allen comes highly recommended. James Allen offers a free lifetime warranty along with the jewelry insurance through the famous Jewelers Mutual Insurance Group.

It would be best to go through the coverage limits to the latter even for what may seem like obvious claims since they also have stipulations. For example, you need a police report to file a theft claim especially if the policy covers theft and not mysterious loss.

Most people are always looking for insurance policies that cover mysterious loss because it happens more that we care to admit. We all know someone who has lost their wedding band. That is enough proof that valuable items get lost all the time! That’s why some insurance providers offer coverage for all kinds of situations.

It’s always advisable to go for policies that cover mysterious loss as it will come in handy at one point. You also need to go through the situations and stipulations in the policy that talks about coverage terms. If you travel regularly, you might want to consider and insurance company that offers worldwide coverage.


Most people forget about claims when looking for the best jewelry insurance company. Claims is extremely important. You can file a claim in case something happens to your jewelry if you know how it works. Talk to the insurance staff to take you through the step-by-step process of how the claim works and how long it can take.

Some insurance companies have their customers wait up to a month to okay the claim while others usually have a time limit. These are some of the questions you need to ask. Go through the reviews on Better Business Bureau, Facebook, Reddit, Yelp and Trustpilot to see what the customers have to say about the claim process.

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