How do I insure jewelry?

Learn how to insure your jewelry and precious stones.

Tutorial

If you own valuable jewelry or precious stones, chances are your normal homeowner's insurance policy will not cover these expensive items adequately. Most home insurance policies allow you to place additional inexpensive rider to protect your expensive items from theft or loss - even including the loss of stones on weddings rings or other items.

If you do not have this rider available on your home insurance, you can purchase additional "high value item" insurance. The best method to find this insurance is to use the Internet to research insurers and policy prices or use your existing insurance agent to find the best policies.

The first step in the process to insuring your jewelry is to have it appraised in writing. Most jewelry shops will perform this service at the time of purchase or for a small fee if you have existing jewelry.

Jeweler's Mutual Insurance (http://www.jewelersmutual.com/ ) offers a personal insurance plan for your high value jewelry. An example premium is $56 annually for $5,000 of replacement value insurance. They have a calculator on their site to estimate your insurance cost.