Jewellery and valuables insurance

Protect your valuables - get a quote for jewellery insurance from Assetsure[1]

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Cover collectibles, jewellery and other valuables

Jewellery insurance can help to cover the cost of your jewellery, watches and other valuables, in the event of loss, theft or accidental damage.

If you own high-value pieces, they might not be covered by your home insurance. Taking out a specialist policy will protect them when home or contents insurance falls short.

Does home insurance cover jewellery?

You might be covered under your contents insurance if your jewellery goes missing or it’s stolen.

There will be a valuables limit that’ll dictate how much you claim.

Out of 401 contents insurance policies listed on Defaqto, 20% have a valuables single item limit of £7,500 or greater, but 45% set the limit between £1,500 and £1,999.[2]

That means if you have a valuable diamond engagement ring, or a charmed gold bracelet, you might well be exceeding the value limit on your policy. Get it valued and contact your insurer.

Many providers won’t offer personal possessions away from home cover, or accidental damage for jewellery as standard policy features.

You can buy them as optional extras on your home insurance policy.

The definition of ‘valuable’ differs greatly between insurers, so check the policy details for exactly what’s included.

What does it cover?

Some jewellery is irreplaceable - it might be one of a kind, or a family heirloom.

But choosing the right insurance will mean that at least you’re financially compensated in the event of loss, theft or accidental damage, even if nothing can replace the sentimental value.

Most jewellery insurers offer cover for a range of items, including:

  • Watches
  • Wedding rings
  • Engagement and diamond rings
  • Diamond necklaces
  • Bracelets
  • Diamond earrings
  • Lost stones

You can also get specialist policies for collections of jewellery.

Some valuables policies won’t just cover your jewellery, but also collectibles, fine art and antiques, musical instruments and even rare bikes.

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.

What isn’t covered?

The worst-case scenarios (loss, theft or damage) are usually covered, but you can get caught out by exclusions within the policy:

  • Cosmetic only damage (scratches and dents) can’t be claimed for, for example if a stone is damage during a routine clean by a jeweller
  • If you take jewellery on holiday outside of the UK and it’s lost or damaged, you won’t be able to claim
  • If you lose a stone through age, or wear and tear, you can’t make a claim
  • If the jewellery unexpectedly disappears (a lost earring, for example) that’s not covered either
How to get the right level of cover

Get your jewellery valued before you insure it, so you know exactly how much cover you need, and you don’t end up overpaying

The insurer usually recommends you get cover for the current market value of the jewellery, rather than what it was worth when you bought it

If you’re insuring a second-hand item, find a like-for-like value in the current market

How to insure your engagement ring, jewellery or valuables

Finding cover for your valuables is easy, all you need to do is:

  1. Choose the type of jewellery you want to insure

    Whether it’s an engagement ring, an antique necklace or a Rolex watch, enter some details about the piece you want to insure

  2. Estimate your jewellery’s value

    Choose an amount that would cover a replacement

  3. Enter your details

    You’ll need to enter some basic details like your name, address and contact info

  4. Get your quote

    See how much your cover will be and choose whether you want to pay monthly or annually

Documentation you’ll need to make a claim

You’ll need a valuation certificate or purchase receipt as proof of value. Any photographs you’ve taken of the items would be useful too.

How to keep your jewellery safe

There are a few ways you can help protect your valuables from theft or loss:

  1. Lock them away

    Investing in a safe for your most expensive possessions can keep them from prying eyes

  2. Insure all your valuables

    Insuring your valuables for the right amount will mean you don’t lose out if anything happens to them

  3. Keep all your receipts

    You might need them as proof if you need to make a claim for one of your valuables

  4. Put jewellery in your hand luggage

    If you’re travelling, keep your jewellery as close to you as possible - in a handbag or carry on

  5. Take photos of your valuables

    As proof that they’re yours and for evidence, should you need to make a claim

Frequently asked questions

  • Are my valuables covered when travelling overseas?

    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.

  • What happens if I under-insure my valuables?

    If you under-insure and make a claim, the payout may not be enough to cover the replacement.

    It’s important to get the value of your jewellery right so you don’t lose out.

  • Are my valuables covered by loss, theft and accidental damage?

    Yes - a specialist jewellery policy can cover you for loss, theft and accidental damage although you might already be covered by your home insurance provider.

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[1] introduces customers to Assetsure, which is authorised and regulated by the Financial Conduct Authority.'s 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

[1]Last checked 10 June 2019

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