Insurance is an important consideration that offers real benefits for your confidence. Whether you want to insure your family home, personal belongings, or a precious heirloom like a piece of jewellery, keeping them safe can be challenging.

When it comes to valuables like jewellery, it is worth understanding the cover that is designed specifically for these items. In this article, we'll walk you through everything you need to know about insuring your jewellery, and where specialist jewellery cover can fit in. 

What Is Specialist Jewellery Insurance?

Specialist jewellery insurance is a policy purpose-built for jewellery and luxury watches. It is designed to cover your pieces for loss, theft and damage, subject to the terms and exclusions of the policy, whether you are at home or out and about. If you also hold home and contents insurance, it is worth checking your home and contents PDS, as terms vary by insurer.

What Does Specialist Jewellery Insurance Cover?

A specialist jewellery policy is designed to cover each item in your collection on its own merits. Cover typically includes loss, theft and accidental damage, subject to the policy's terms, conditions and exclusions. Because the policy is built around jewellery and luxury watches, it can account for craftsmanship, gemstones and the value of individual pieces rather than treating them as general household items.

How Is Your Jewellery Covered?

When it comes to insuring your jewellery, it helps to understand exactly what a policy provides. A specialist jewellery policy sets out how items are covered for loss, theft and accidental damage, including while you are away from home, subject to the policy's terms and exclusions.

It is worth confirming the terms for the replacement of specific items and any excess that applies when making a claim, so you know what to expect. If you also hold home and contents insurance, check your home and contents PDS, as terms vary by insurer.

Don't be afraid to ask your insurer as many questions as you need to feel confident about your cover and to make sure you have the right cover for your valuable possessions.

Factors That Affect the Cost of Jewellery Insurance

One of the main factors that can affect the cost of your policy is the value of your items. The more valuable the jewellery you own, the more your policy is likely to cost. Other factors that can influence the cost of your policy include where your items are kept and the level of cover you choose.

A JewelCover policy is a replacement policy. Rather than an agreed cash payout, we arrange to repair or replace your item like-for-like up to the sum insured shown on your policy, subject to its terms and exclusions. Knowing how a claim is settled helps you understand exactly what your cover provides.

It's important to carefully review your policy and understand its terms and conditions, including any limits or exclusions that apply. Reviewing these details will help you determine whether you have the right level of cover for your valuable possessions and make sure you know what to expect in the event of damage, loss or theft.

Should You Choose Standalone Specialist Cover for Your Jewellery?

Specialist jewellery insurance is a policy designed to cover your jewellery for loss, theft and damage. It provides cover tailored to your jewellery collection's unique needs and value.

Specialist jewellery insurance is built around your collection. It can cover a wide range of scenarios, such as loss or accidental damage while travelling, or if you accidentally misplace your jewellery, subject to the policy's terms and exclusions.

A standalone specialist policy is designed to cover your jewellery on its own merits, so you can insure your pieces specifically for their value. If you also hold home and contents insurance, check your home and contents PDS, as terms vary by insurer. 

What Cover Do You Have When You Travel?

Wearing your jewellery when you travel is part of the joy of owning it, so it helps to know how it is covered when you are away from home. If you rely on another policy for cover while travelling, it is worth reading its terms and conditions so you understand any limits, exclusions or excess that apply.

A specialist jewellery policy is designed to travel with you. It is worth confirming the terms that apply overseas so you know exactly what your cover provides before you head to the airport.

With JewelCover, you can enjoy worldwide cover, subject to policy conditions and exclusions, giving you the confidence to wear and enjoy your jewellery no matter how long you travel.

Specialist Jewellery Insurance

Jewellery deserves insurance that caters specifically to its unique requirements. That’s where JewelCover comes in. We specialise in jewellery and luxury watch insurance, offering a policy that’s focused on covering your valuable items.

Our policy covers theft, loss, and damage, subject to the terms of the policy. Knowing your jewellery is insured, you can enjoy wearing it wherever you go. And if anything happens to your precious items, you can choose the jeweller of your choice for repairs or replacement.

Your jewellery holds both financial and sentimental value, and it deserves cover that is built around it. If you also hold home and contents insurance, check your home and contents PDS, as terms vary by insurer. Contact us today for an instant online quote, or call us at 1300 522 808 to learn more.