Where Can I Purchase Jewelry Insurance?

• Protect the financial value of jewelry with insurance products.single diamond ring image by OMKAR A.V from Fotolia.com
  
  Insure your jewelry against theft or loss by purchasing a jewelry insurance policy or by adding floater attachments to a homeowners policy. Renter's policies may provide some coverage; check with your agent to be sure. Compare insurance products to identify the most cost-effective way to insure one item or many.
  
  

Personal Valuables Insurance Coverage

• Your homeowners insurance policy establishes limits for jewelry loss or theft. According to Karen Weldin Stewart, Insurance Commissioner for the state of Delaware, most homeowners policies limit the loss of personal valuables such as jewelry to $1,000. Renter's policies typically offer less for jewelry theft or loss. Find out whether your insurance policy covers damage to valuables. A chipped diamond or damage to a platinum band may require costly repair.
  
  According to "Personal Finance," the difference between cash value and replacement costs may be substantial. Your heavy, high carat gold pocket watch may have increased in value as gold prices have risen. The way your appraiser values jewelry may differ from an insurance company's calculation.
  
  Ask questions of any insurance underwriter concerning coverage. Determine whether loss of your jewelry outside of the home applies. If your jewelry is lost or stolen on vacation, the policy may not cover this loss. Discuss what kinds of appraisals must be submitted to the insurance company. Some kinds of appraisals may not be accepted. Appraisals may be expensive.
  
  

Lost, Stolen and Repair Jewelry

• Jeweler's Mutual of Wisconsin provides personal jewelry insurance to cover replacement of lost and stolen items and existing jewelry damage. The policy does not cover damaged items or loose gemstones. Appraisals of jewelry must be submitted prior to policy issuance. As insurance calculator on the company's website offers an estimate of costs by value.
  
  Jewelers Insurance
  
  24 Jewelers Park Drive
  
  Neenah, Wisconsin 54956-3702
  
  Phone: 920-725-4326
  
  jewelersmutual.com
  
  

Replacement of Lost and Stolen Jewelry

• Touchstone Insurance LLC, owned by RDCC Holdings LLC, operates in New York, Minnesota, Michigan, Ohio, Texas and North Carolina. Touchstone Specialty Insurance operates in California. The company provides GemShield Insurance to repair or replace jewelry in the event of loss or theft. Touchstone takes pictures of each jewelry item on the policy to ensure the best possible replacement if lost or stolen.
  
  Touchstone Insurance partners with Chubb Insurance to offer cash value policies.
  
  Touchstone Insurance LLC
  
  910 Skokie Boulevard
  
  Suite 204
  
  Northbrook, Illinois 60062-4033
  
  847-897-5230
  
  touchstoneinsurance.com
  
  

Cash Settlement for Lost and Stolen Jewelry

• Chubb Insurance Company offers no-deductible insurance to jewelry owners through jewelry store affiliates and company insurance sales agents. Though recommended, appraisals for insured jewelry items are not required for items valued under $50,000. The company does not cover unmounted gemstones. As a substantial carrier with many lines of business, Chubb also works with other specialty insurance carriers.
  
  Chubb Insurance Company of New Jersey
  
  15 Mountainview Road
  
  Warren, New Jersey 07059-6711
  
  Phone: 908-903-2000
  
  chubb.com
  
  

Attaching a Floater Policy to Existing Insurance

• According to Equifax Personal Finance, buying a personal items floater policy or an independent jewelry policy makes sound financial sense.