High-value home insurance
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Jewellery, watch and ring insurance
Get a quote for your jewellery and valuables at Assetsure[1]
Insuring collectibles, jewellery and other valuables
If you own a high-value piece of jewellery, or a rare collectible, it won't be covered as standard by your home insurance if it's worth more than the single article limit - usually around £1,000.
In the event of loss, theft or accidental damage, jewellery and valuables insurance can help to cover the cost of repairing and replacing watches, wedding and engagement rings, bracelets, necklaces, earrings and more where home or contents insurance can fall short.
What does jewellery insurance cover?
A standard jewellery and valuables insurance policy will likely cover you for:
- Accidental loss
- Theft
- Accidental damage
- Loss of diamonds and stones
- Away from home cover
You may also find protection for collectibles, fine art, antiques, musical instruments and collections of jewellery.
Cover usually excludes cosmetic damage like scratches and dents, general wear and tear, or the loss of a single earring.
Get a quote for your jewellery and valuables
You'll need the following details about you and your items to hand
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Details about you
You’ll need to enter some basic details like your name, address, age and contact info
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Details about your valuables
Whether it’s an engagement ring or a Rolex watch, enter some details about the piece you want to insure
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The value of your items
Choose an amount that would cover the costs of repairing or replacing the item
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Details of purchase
Where and when you bought the item
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Level of cover
Add or remove accidental loss cover or adjust the level of excess you'd need to pay
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Get your quote
See how much your cover will be and choose whether you want to pay monthly or annually
Safeguard your jewellery
Get cover for loss, theft and accidental damage with Assetsure
How to get a cheaper quote
Don't pay more than you should for your jewellery insurance. Follow our tips to help you get a cheaper quote:
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Pay annually
Avoid the interest charges monthly payments incur by paying for your premium in a single annual payment
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Avoid add-ons and extras
Accidental damage cover is available as an optional extra. Include it if you feel you need it, but be mindful that it'll increase the cost of your premium
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Don't over-insure your valuables
If you over-state the value of your items, you may end up paying for cover you don't need
How to value jewellery for insurance purposes
It's important to get your jewellery valued before you insure it, so you know exactly how much cover you need.
If you've purchased an item as new, you should look to insure it for its full replacement value. If however you bought the item second-hand, you should insure it for the amount to replace the item with one of a similar age and value.
If you're unsure of your items value, a local jeweller should be able to give you an up-to-date valuation. If you’re insuring a second-hand item, find a like-for-like value in the current market.
What happens if I under-insure my valuables?
Failing to declare the correct valuation of your items may see you under or over-insured. Under-insuring your items may result in you not receiving the full cost of repairs or replacement from your insurer. Alternately, over-insuring may increase your annual premium.
What should I do if someone gives me an expensive piece of jewellery?
If you purchase or are given new valuables, your cover limit will likely need to be increased. Therefore you should contact your insurer to give them an updated valuation of your items.
Frequently asked questions
Specialist cover won't cover the loss of one earring.
However, a home insurance policy with matching set cover will pay out if one goes missing.
Usually your valuables will be covered by your jewellery insurance or travel insurance when you go abroad. Check the terms and conditions to make sure you’re covered.
The first step of making a claim is to contact your insurer.
When you make a claim, you’ll usually be offered a repair, or replacement, a cash settlement or a gift voucher to be redeemed at a selected jeweller.
You’ll need a valuation certificate or purchase receipt as proof of value and proof of ownership. Any photographs you’ve taken of the items would be useful too.
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[1] †Gocompare.com introduces customers to Assetsure, which is authorised and regulated by the Financial Conduct Authority. Gocompare.coms relationship with Assetsure is limited to that of a business partnership, no common ownership or control rights exist between us. Please note, we cannot be held responsible for the content of external websites and by using the links stated to access these separate websites you will be subject to the terms of use applying to those sites