At Treasure Protect, we understand the importance of protecting your valuable jewelry. Whether it’s a family heirloom, or a recent purchase, jewelry is meant to be worn and enjoyed. One way to do this while minimizing any anxiety you may feel, from wearing something so valuable, is through jewelry insurance. But how much will that cost? That’s where our jewelry insurance quote estimate tool comes in.

Our quote tool is designed to be easy to use. Simply enter the estimated value of your jewelry, and our tool provides a premium range estimate.

It’s important to note that this quote tool has NO AFFILIATION with any specific insurer. It simply provides figures based on industry averages. It’s to be used as a pricing benchmark to use when you start reaching out to insurers.

What impacts my premium amount?

One thing to keep in mind when thinking about jewelry insurance is that you can often lower your premium by including a deductible. A deductible is the amount of money you agree to pay out of pocket before your insurance coverage kicks in. For example, let’s say you have a $500 deductible and a $10,000 jewelry loss. You would be responsible for paying the first $500, and your insurance would cover the remaining $9,500.

Deductibles typically range from $50 to $1000. However, we’ve found in many cases, deductibles aren’t a massive driver on your premium. It may make sense to keep them at $0 in many cases. Keep in mind though that this will be a personal decision based on your financial situation and your specific insurer. This statement is based on averages and different insurers will incorporate deductibles differently in their quoting

Another important factor to consider when thinking about jewelry insurance is the location where you live. Our research shows that one of the biggest drivers of premium (aside from the value of the jewelry itself) is the zip code where you live. In areas with higher crime rates, premiums tend to be higher. For example, when we compared a moderately safe suburb of Columbus, OH to a high-crime section of Los Angeles. The rate in LA was 82% higher! We assume this is because insurers project higher rates of claims in higher crime areas, and a claim in a city with higher cost of living will have higher replacement costs.

Next steps, before you buy jewelry insurance

At Treasure Protect, we pride ourselves in providing unbiased research findings and tools. While our quote tool is a great starting point, we always recommend that you speak with an insurance professional directly to get more accurate quotes and to understand the specific coverage options available to you.

If you’d like to see our simplified jewelry insurance buying guide, please email us at: info@treasureprotect.com