Best Jewelry Insurance Companies of 2024: Jewelry is among many people’s most precious possessions.
An investment in fine jewelry often represents a significant financial, emotional, and sentimental value.
While we take measures to protect most of our valuables, jewelry often requires specialized care and protection.
Jewelry insurance provides repair, replacement, or reimbursement coverage in case of jewelry loss, theft, damage, or mysterious disappearance.
Whether your jewelry consists of precious gems, metals, antique pieces, or expensive watches, having dedicated insurance can give you peace of mind.
Choosing the right jewelry insurance company is crucial to ensure comprehensive protection with hassle-free claims processing.
Read Also: Globe Life Insurance Reviews: Should You Invest Your Money Or Not
With this in mind, we have compiled this list of the 20 best jewelry insurance companies of 2024.
What To Look For In Jewelry Insurance
When choosing a jewelry insurance provider, some essential factors to consider include the following:
- Coverage scope – ensure your items are covered for all risks like loss, theft, mysterious disappearance, damage, etc.
- Premium costs – compare premium costs across providers for your coverage amount. Look for companies with reasonable rates.
- Deductibles – lower deductibles mean lower out-of-pocket costs for you in case of a claim.
- Claims processing – choose a provider known for quick and hassle-free claims processing.
- Replacement cost coverage – your jewels should be covered for the current replacement value, not the original purchase price.
- Worldwide coverage – look for companies that provide worldwide protection.
- Customer service – ensure the company has strong customer service to guide you and address queries.
The 20 Best Jewelry Insurance Companies Of 2024
Based on the key selection criteria outlined above, here are the best 20 jewelry insurance companies recommended for 2024:
1. Jewelers Mutual
With over 100 years of experience, Jewelers Mutual is the leading jewelry insurer in the US.
It offers comprehensive worldwide coverage with flexible premiums starting at $40 per year.
You can insure all jewelry items under a single policy. Quick and hassle-free claim processing is their hallmark.
Pros
- Covers loss, theft, damage, and mysterious disappearance
- No deductibles
- Fast claim resolution
- Rated A+ by BBB
Cons
- Limited to jewelry and watches
2. State Farm
State Farm provides specialized jewelry insurance standalone policies as an addition to homeowner’s or renter’s insurance.
You can get worldwide coverage and full repair/replacement cost reimbursement without deductibles.
Pros
- Part of household policies
- Reputable national brand
- No deductibles
- Covers mysterious disappearance
Cons
- Requires State Farm home/renters insurance
3. Chubb
Chubb offers high-value jewelry insurance tailored for expensive collections. With a strong reputation for claims handling, it offers worldwide coverage against all risks. Higher premiums than other providers.
Pros
- Handles collections up to $100M
- Covers loss, damage, and theft
- High liability limits
- Excellent financial ratings
Cons
- Higher premium costs
- Not suited for low-value jewelry
4. Allstate
Allstate provides reasonably priced jewelry insurance as an add-on coverage to their standard homeowner’s, renter’s, and condo policies.
Covers worldwide risks with minimal deductibles. A good option for middle-range jewelry.
Read Also: 15 Best Cheap Life Insurance For Seniors
Pros
- Add-on to home/renters policy
- Wide coverage options
- Reasonable pricing
- Renowned national brand
Cons
- Limited benefits for high-end jewelry
- Requires Allstate home policies
5. Travelers Insurance
Travelers offers a range of competitive jewelry insurance plans from riders added to homeowners or renters insurance to separate policies. Provides global coverage against all standard risks.
Pros
- Can be added to existing policies
- Coverage includes mysterious disappearance
- Low deductibles
- Strong financial ratings
Cons
- Limited benefits for high-value jewelry
- Mixed claims satisfaction
6. Nationwide
Nationwide lets you add jewelry coverage to renter’s, condo, and home insurance plans.
Offers competitive rates, high liability limits, and coverage for standard risks like theft and mysterious disappearances.
Pros
- Seamless add-on to existing policies
- Covers loss outside the home
- Low deductibles
- Renowned national brand
Cons
- Lower limits for expensive jewelry
- Add-on coverage only
7. USAA
USAA provides moderately priced jewelry insurance for military families as an optional add-on to its renters and homeowners policies.
Offers standard protection against damages, theft, and loss. Limited to USAA members.
Pros
- Low deductibles
- Covers mysterious disappearance
- Reasonable pricing
- Strong brand reputation
Cons
- Only for military members
- Lower limits for high-value items
8. Farmer’s Insurance
Farmer’s allows adding scheduled Personal Property endorsement to homeowners’ or renters’ policies to insure jewelry.
Coverage includes worldwide protection against all standard risks. Strong claims service reputation.
Pros
- Add-on option to existing policies
- Good choice for valuable jewelry
- Covers mysterious disappearance
- Nationwide availability
Cons
- Higher premiums than standalone policies
- Deductibles apply
9. Lemonade
Lemonade offers homeowners and renters insurance with add-on jewelry coverage.
Provides worldwide protection for loss, theft, and damage. Known for speedy and hassle-free claims processing powered by AI.
Pros
- Technology-driven claims processing
- Low deductibles
- Enhanced coverage options
- Rising customer satisfaction
Cons
- Limited to renters’ and homeowners’ policies
- Newer company, limited financial ratings
10. Wexler Insurance
Wexler offers customized standalone jewelry insurance policies. Provides worldwide coverage against all major risks.
Specializes in high-value and antique jewelry. Offers premium coverage options for valuable collections.
Pros
- Specializes in jewelry insurance
- Coverage up to $1 million
- Low deductibles
- High liability limits
Cons
- Limited national availability
- Less known brand
11. Lavalier Jewelry Insurance
Lavalier sells affordable annual jewelry insurance tailored for lower-value contemporary pieces below $15,000.
Covers loss, theft, damage, and mysterious disappearance worldwide with low deductibles.
Pros
- Specialized for low to mid-range jewelry
- Very affordable premiums
- Easy online purchase
- Low deductibles
Cons
- Limits coverage above $15,000
- Online-only retailer with limited brand visibility
12. Rhinebeck Underwriters Agency
Rhinebeck offers specialty insurance for high-end jewelry and watches under the Equinox brand.
Provides global coverage for all risks, including transit, amid strong financial backing and excellent claims servicing.
Pros
- Specifically for expensive jewelry
- Coverage limits up to $1 million
- Underwritten by Lloyds of London
- White-glove claims service
Cons
- Very high premiums
- Deductibles apply
13. Hodgson Insurance
Serving New England since 1916, Hodgson offers customized standalone jewelry insurance with full replacement value against all risks globally. Known for stellar customer service.
Pros
- Replacement cost coverage
- Covers mysterious disappearance
- Add-on options available
- Local reputation for great service
Cons
- Limited to New England states
- Higher premiums
14. Perfect Circle Insurance
Perfect Circle sells affordable annual policies tailored for engagement rings and wedding bands under $20,000.
Offers comprehensive protection globally against all standard risks.
Pros
- Designed for bridal jewelry
- Annual plans from $108
- Low deductibles
- Smooth online purchase
Cons
- Limits coverage above $20,000
- Less flexibility than full policies
15. Robertson Ryan & Associates
Specialty broker with access to insurance plans from over 25 carriers. Customizes policies based on jewelry value with worldwide coverage against all risks.
Pros
- Customized plans
- High-value jewelry expertise
- Access to top-tier insurers
- Bundled coverage available
Cons
- Higher premiums than mass market options
- State availability varies
16. Abbeygate Insurance
Abbeygate offers customizable stand-alone jewelry insurance focused on engagement rings, from basic essential coverage to comprehensive worldwide protection.
Pros
- Specializes in engagement rings
- Coverage up to $500,000
- Direct access to expert agents
- Customizable deductibles
Cons
- Limited to jewelry coverage
- Primarily serves Midwestern US
17. Berkley Asset Protection
Berkley Asset Protection provides upscale jewelry insurance through independent brokers.
Offers high coverage limits with global protection against all standard risks. The Insurance Office of America supports claims processing.
Pros
- Robust coverage for expensive pieces
- Coverage limits up to $500,000
- Assists brokers only
- Strong financial backing
Cons
- Access only through brokers
- Limits coverage below $2,500
18. ABT Insurance
ABT uses Lloyd’s of London to underwrite specialty jewelry insurance catering to high-net-worth individuals.
Provides dedicated account management with global coverage against all risks.
Pros
- Specifically designed for luxury jewelry
- Coverage limits up to $50 million
- Worldwide coverage
- White-glove account management
Cons
- Very high premiums
- Deductibles apply
- State availability varies
19. Wallace Insurance Agency
Regional agency providing customized standalone jewelry insurance in Florida catering to middle and high-value pieces. Top-rated local agency with excellent customer service.
Pros
- Coverage up to $500,000 value
- All risks covered globally
- Add-on home policy options
- Rave local reputation
Cons
- Only serves the Florida region
- Limited financial information
20. Jewelry Insurance Store
Jewelry Insurance Store offers instant online quotes and policies underwritten by Pacific Specialty Insurance.
Provides protection globally against damage, theft, and loss for low to mid-range jewelry.
Pros
- Quick online quotes and purchase
- Covers up to $100,000 value
- $0 deductible options available
- Well-rated underwriter
Cons
- Lacks coverage for high-end pieces
- Online-focused broker model
Conclusion
Protecting your special jewelry with dedicated insurance provides peace of mind and assurance in case of any unfortunate loss or damage events.
We have reviewed some of the best jewelry insurance companies for 2024 based on critical criteria like coverage scope, pricing, claims handling, and customer service.
For expensive jewelry especially, investing in specialty insurance by reputed providers like Jewelers Mutual, Chubb, or Nationwide allows you to safeguard your cherished possessions for generations to come.
With this list as a starting point, you can identify and choose a jewelry insurance company that provides the right coverage options to protect your jewelry at a reasonable price fully.
