Jewelry isn’t just an accessory. It’s memory, meaning, and milestones wrapped in gold and stone. From your grandmother’s ring to the anniversary band you received on your twentieth, these pieces carry stories you can’t replace.

Now imagine coming home after a wonderful evening out to find a broken window and your front door cracked open. Your home has been burglarized. Your electronics are gone—and for a moment, you panic about your jewelry. Thankfully, it was secured in a mounted safe.

That close call is often what prompts people to ask: Is my jewelry actually protected?

Why You Should Insure Jewelry

Many homeowners assume their homeowners or renters insurance policy fully covers jewelry. While those policies do protect personal belongings, they typically include coverage limits for high-value items like jewelry.

That means expensive or meaningful pieces may only be covered up to a capped amount unless you add a rider or endorsement for scheduled jewelry.

Not every piece needs separate coverage—fashion jewelry or a college class ring may not justify it. But certain types of jewelry are strong candidates for insurance:

Jewelry with High Monetary Value

Engagement rings and anniversary bands often carry significant financial value. In fact, the average engagement ring purchase in recent years has been several thousand dollars. Replacing that out-of-pocket could be costly.

Jewelry with High Personal Value

Family heirlooms or meaningful collection pieces may not have enormous market value—but they’re priceless to you. While insurance can’t restore sentimental value, it can give you the financial ability to repair, replace, or reinvest in something meaningful.

How to Insure Jewelry

If you decide to move forward, the process is straightforward.

Step 1: Get an Appraisal

An appraisal determines your jewelry’s current value, which is essential for selecting the right coverage amount. Since gold and gemstone prices fluctuate, an up-to-date appraisal ensures accuracy. Organizations like the American Gem Society offer searchable directories of certified appraisers.

Step 2: Secure Documentation

Keep your appraisal, purchase receipt, and clear photos of your jewelry in a safe place—ideally a fireproof safe. It’s also smart to store digital copies as an extra backup.

Step 3: Contact Us

We are here to help you determine the right coverage structure based on your needs. Jewelry policies can vary depending on:

  • Causes of loss – Theft is typically covered, but accidental loss may require additional protection.
  • Type of coverage – Some policies cover original cost, others replacement value, and some a portion of either.
  • Preferred jewelers – Certain insurers require claims to be handled through approved jewelers.

Coverage is highly customizable—just like your jewelry collection.

What Does Jewelry Insurance Cost?

There’s no one-size-fits-all price. The cost depends on factors such as coverage limits, deductible, types of loss covered, and the value of the item. The best way to get an accurate estimate is to contact an agent here at Midwest.

Final Thought

Jewelry holds more than financial value—it holds memories. Taking the time to properly insure your most meaningful pieces ensures that if the unexpected happens, you’ll at least have the financial protection to move forward.