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Jewelry Insurance
Get a free quote for insuring your jewelry or engagement ring today
This jewelry insurance rate and coverage are provided and serviced by third parties.. Read more
Who needs insurance for jewelry?
If you have an engagement ring or other valuable jewelry, a standalone jewelry insurance policy can protect it with specialized coverage.
While your homeowners, renters, or condo insurance may offer coverage for jewelry, you'd need to add a rider for the pieces you want insured, and making a jewelry claim could affect your entire property insurance rate. With a dedicated policy through Lavalier, you get specialized, "all risk" coverage, and your rate won't automatically increase if you make a claim.
What does jewelry insurance cover?
Lavalier offers "all risk" jewelry insurance coverage, which includes any form of loss, damage, theft, or mysterious disappearance (unexplained loss). Your pieces are covered anywhere in the world, up to the limit on your policy.
JEWELRY COVERAGE
"All risk" coverage
An "all-risk" policy covers your pieces for all loss, damage, theft, and mysterious disappearance unless specifically excluded — and there aren't many exclusions. Even newly purchased jewelry gets limited coverage if you already have a policy.
What's not covered
Your jewelry won't be covered for certain exclusions such as intentional loss, intentional damage, manufacturer defects, or rare situations like war and nuclear hazard.
Types of jewelry covered
While engagement ring insurance is the most popular type, you can get coverage for any valuable piece of jewelry that can be appraised. Policies can be used to "schedule," or cover, multiple pieces of jewelry.
Note: Watch insurance is the only type that may not be available as a standalone policy, and that's determined on a case-by-case basis. Watches can be considered for coverage via policies that include other pieces.
Higher limits
Through Lavalier, the maximum limit for a single piece of jewelry is $50,000, and the maximum total limit on a policy is $150,000. Higher limits are available with company approval.
How does jewelry insurance work?
Jewelry insurance works by protecting you from the cost of your jewelry getting lost, damaged, or stolen. If that happens, you'll make a claim and Lavalier will work with you and your preferred jeweler to repair or replace the piece.
You'll have a chance to approve the repair or replacement before the claim is completed. Lavalier will pay your jeweler directly, minus your deductible (if you have one).
Learn more about how jewelry insurance works.
How much does it cost to insure jewelry?
Lavalier jewelry insurance starts at $68 per year, and it typically only costs 1–2% of your insured jewelry's value. You'll be able to choose your deductible and customize your rate according to your budget. Your deductible can be as low as $0 and as high as $25,000, depending on your preference and your jewelry's value.
Lavalier offers discounts if you have a home safe or a home alarm, or if you store your jewelry in a bank vault or safe deposit box. There's also a discount if you have a gemstone grading report.
Is jewelry insurance worth it?
Jewelry insurance can be worth it for the specialized service and coverage you get. It costs only a small fraction of the value of your jewelry, and you don't have to worry about your overall homeowners insurance rate going up if you make a claim. Plus, Lavalier offers customized coverage and rates, and you can go to your own jeweler for repairs or replacement.
