Insuring jewelry: How to properly protect your valuables

Insuring Jewelry: The Complete Guide

Insuring jewelry is a decision many people put off – until it's too late. Theft, loss, or damage can happen to anyone. With the right insurance, your valuable pieces are protected.

When is Jewelry Insurance Sensible?

As a rule of thumb: As soon as individual pieces or your entire jewelry collection reach a value of €1,000 or more, separate insurance is recommended.

Insurance Options at a Glance

• Home Contents Insurance (Standard Coverage): Covers jewelry only up to a certain percentage of the insured sum (usually 20–30%). Often insufficient for valuable individual pieces. Usually no coverage for jewelry outside the home.
• Home Contents Insurance with Extended Jewelry Coverage: Additional module increases the jewelry coverage sum. An affordable entry point for medium-sized collections.
• Separate Jewelry Insurance: Covers loss, theft, damage, and often repair costs. Insured worldwide. The most comprehensive solution for valuable individual pieces.

What You Need to Prepare for Insurance

• Appraisals or purchase receipts for all pieces
• Photos of each piece (multiple perspectives)
• Serial numbers (for certified diamonds: GIA number)
• Current replacement value (not purchase price)

Value Increase & Adjustment

Gold prices and gemstone values increase. Adjust your insured sum every 3–5 years – or have the jewelry re-appraised. An underinsured policy pays less than expected in the event of a claim.

Safe vs. Bank Safe Deposit Box

Particularly valuable jewelry belongs either in a certified home safe (at least Class 1, bolted) or in a bank safe deposit box. While the latter does not offer insurance coverage from the bank, the risk of theft is minimal.

Shop at corelunejewellery.de – we fully document every purchase so you have all the necessary documents for insurance readily available.