06 Feb Valentine’s Day: Insuring Your Valuables and Jewelry

About The Author

Tiffany Boyle, TPRA, CISR – Personal Risk Advisor 

Since joining Gilbert’s Risk Solutions in 2005, Tiffany has dedicated herself to providing personalized insurance solutions to meet clients’ unique personal insurance needs.

Valentine’s Day is about love, celebration, and many times the exchange of meaningful gifts. Whether it is an engagement ring, a timepiece, or a family heirloom passed down for generations, these items have both sentimental and financial value. Insuring your valuables and jewelry ensures they are protected in case of loss, theft, or damage. How will you protect them?

Jewelry is often more than just an accessory; it’s also an investment. Insuring your valuables means covering them in case something happens to them. Here’s why it’s important:

• Protection from Theft: Jewelry is a common target for thieves.
• Coverage for Loss or Damage: Accidents happen, rings slip off, stones go loose, and valuables break.
• Peace of Mind: Knowing your cherished items are covered allows you to wear and enjoy them without worry.

Insuring Your Jewelry

To get protection on your jewelry, follow these steps:

1. Get an Appraisal – You must know the actual value of your jewelry for proper coverage. This should be carried out by a certified jeweler.
2. Check Your Homeowners or Renters Insurance – Many standard policies offer limited coverage for jewelry, but additional coverage may be necessary. Depending on your insurance carrier, you may be able to add an endorsement to your existing policy for extra protection. Always consult a professional to ensure you have the right coverage.
3. Take Photos and Keep Documentation – Keep records on file to make filing a claim easier. Records may be a receipt, an appraisal, or even just a photo of the jewelry.
4. Understand Your Policy – Make sure you know what is and isn’t covered.

How to Protect Your Jewelry

While insurance is important, it’s equally important to take the proper steps in preventing the loss of your valuables in the first place. Here are some tips:

• Store jewelry in a secure place – Use a home safe or a safety deposit box.
• Avoid wearing expensive jewelry in high-risk areas – Keep it secured and avoid public display, especially while traveling.
• Regularly inspect your jewelry – Check if there are any loose stones, wear, and tear, or anything that might lead to loss.
• Engrave identifying marks – Engravings on jewelry might help in the recovery of an item in case of theft.
• Be mindful of where you take it off – Never leave rings or watches in restrooms, hotels, or other public places.

Taking the proper steps in insuring your valuables can help protect the love and memories associated with them for years to come. If you’re not sure about your coverage, be sure to contact your insurance professional and discuss the options that work best for you. I’m here to help you stay protected and confident that your valuables are safe.

Unsure how to know which coverage you may need? Contact one of our talented Risk Advisors today!

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