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.
A standard jewellery and valuables insurance policy will likely cover you for:
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.
You'll need the following details about you and your items to hand
You’ll need to enter some basic details like your name, address, age and contact info
Whether it’s an engagement ring or a Rolex watch, enter some details about the piece you want to insure
Choose an amount that would cover the costs of repairing or replacing the item
Where and when you bought the item
Add or remove accidental loss cover or adjust the level of excess you'd need to pay
See how much your cover will be and choose whether you want to pay monthly or annually
Get cover for loss, theft and accidental damage with Assetsure
Don't pay more than you should for your jewellery insurance. Follow our tips to help you get a cheaper quote:
Avoid the interest charges monthly payments incur by paying for your premium in a single annual payment
Accidental 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
If you over-state the value of your items, you may end up paying for cover you don't need
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.
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.
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.
 According to data from the ONS Crime in England and Wales Police Force Area data tables in September 2019
Specialist cover won't cover the loss of one earring.
However, a home insurance policy with matching set cover will payout 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.
Page last reviewed: 17 July 2020