A jewelry insurance calculator estimates annual insurance premiums for engagement rings, watches, and other valuable jewelry, and helps you compare the three main coverage options: homeowners floater, standalone jewelry insurance, and existing homeowners blanket coverage.
Disclaimer: Premium estimates are for informational purposes only. Actual premiums depend on your specific insurer and item details. Get quotes from Jewelers Mutual, Lavalier, or your homeowners insurer for accurate pricing.
Your Jewelry
Use a written appraisal from a certified gemologist
Cost Estimate
Premium & Coverage Details
Advantages
Disadvantages
Coverage:
Get quotes from Jewelers Mutual, Lavalier, BriteCo, and your homeowners insurer. Most require a written appraisal from a certified gemologist (GIA or AGS) dated within 3-5 years.
How to Use the Jewelry Insurance Calculator
This jewelry insurance calculator estimates annual premiums for insuring engagement rings, watches, and other valuable jewelry, and compares the three main coverage options.
Why Standard Homeowners Isn't Enough
Most homeowners policies have jewelry sub-limits of $1,000-$2,500 for theft. More importantly, they only cover theft — not lost jewelry, which is the most common jewelry claim. If you set down your ring while washing hands and it falls down the drain, homeowners insurance pays nothing. A scheduled floater or standalone policy covers mysterious disappearance (lost jewelry) with no deductible on most policies.
Getting an Appraisal
An insurer-accepted appraisal must come from a certified gemologist (look for GIA Graduate Gemologist or AGS credentials). Most fine jewelry stores offer appraisals for $50-$150 per item. The appraisal should state replacement value, not resale value — replacement cost is typically higher. Update your appraisal every 3-5 years, as diamond and metal prices change significantly over time.
Choosing the Right Coverage
For items under $2,000, check your existing homeowners policy's sub-limits — it may be sufficient for theft. For items $2,000-$10,000, a scheduled floater added to your homeowners policy is usually the best value. For items over $10,000 or valuable collections, standalone jewelry insurers (Jewelers Mutual, Lavalier, BriteCo) offer better coverage with agreed value payouts, faster claims, and no deductibles. The cost difference is often only $50-$100/year more than a floater.
Filing a Claim
If you need to file a claim: report theft to police immediately (required for insurance claims), document all relevant details while fresh, contact your insurer promptly (delays can complicate claims), and have your appraisal and purchase receipt ready. Most jewelry insurers will either replace the item with a comparable piece or pay the appraised value. Standalone jewelry insurers typically process claims faster than home insurers for jewelry losses.
FAQ
How much does jewelry insurance cost?
Jewelry insurance typically costs $1-2 per $100 of appraised value per year. A $10,000 engagement ring costs approximately $100-$200/year to insure with a scheduled personal articles floater. Premiums vary by location (higher theft risk areas cost more), coverage type, and insurer.
Does homeowners insurance cover jewelry?
Standard homeowners insurance typically covers jewelry up to a sub-limit of $1,000-$2,500 for theft, but provides no coverage for mysterious disappearance (lost jewelry). Coverage is also subject to your home insurance deductible. For valuable pieces over $1,500-$2,000, a scheduled personal articles floater provides much better protection.
What is a jewelry floater?
A personal articles floater (or scheduled floater) is a rider added to your homeowners policy that specifically covers individual high-value items by description and appraised value. Each item is 'scheduled' with its own coverage limit. Floaters typically cover theft, loss, mysterious disappearance, damage, and travel — with no deductible on most policies.
Is standalone jewelry insurance better than a floater?
Standalone jewelry insurance companies (Jewelers Mutual, Lavalier, Zillion) specialize in jewelry coverage and often offer agreed value policies (pay full value, not depreciated), worldwide coverage, and no deductible. They tend to have a faster claims process than home insurers. For valuable collections or single pieces over $10,000, standalone policies are often worth the slightly higher cost.
Do I need a jewelry appraisal for insurance?
Yes — most insurers require a written appraisal dated within 3-5 years from a certified gemologist (GIA or AGS certification preferred) to schedule an item. The appraisal should state replacement value, not market value. Keep appraisals updated every 3-5 years, as diamond and gold prices change significantly. Most jewelers offer appraisal services for $50-$150 per item.
Is this tool free?
Yes, completely free with no signup required. Get quotes from Jewelers Mutual, Lavalier, BriteCo, and your homeowners insurer for accurate pricing.