Protect your treasured possessions with jewelry insurance.
Jewellery is particularly vulnerable to theft and accidental loss. Their repair or replacement costs can also be complicated due to fluctuations in the value of their materials, the need for specialized technicians, and if only one piece from a set is missing or broken.
Jewellery also often has emotional value, whether it’s a family heirloom, a treasured wedding band and engagement ring, or an antique necklace. Unfortunately, sometimes things happen and these valuable items are damaged or lost. Luckily, Rogers Signature Service jewellery insurance can help if this happens.
We provide comprehensive jewellery insurance to help protect your valuables. Our experienced and professional staff can help you with valuation as well as determining your jewellery insurance needs. Because we’re a leading independent insurance brokerage, we work with many insurance markets. This means you’ll get competitive jewellery insurance quotes and a choice of coverage.
Exceptional customer service is also part of our Rogers Insurance Signature Service. Our hands-on, human-first approach to insurance sets us apart and you’ll notice right away. Our experienced jewellery insurance brokers are there to help you and advocate for you from quote to claim.
If you’re worried about protecting your investment in jewellery or simply covering the cost of repairing these treasures, we can help. Get a free jewellery insurance quote online, by phone, or at one of our offices today.
Why Do I Need Jewellery Insurance?
If your wedding ring falls down the drain when you’re washing dishes, or your heirloom earrings get lost in a move, or a thief breaks into your home and steals your whole collection, would you be able to replace them? What if your jewellery is damaged in a house fire? Could you afford the repairs?
We might take every precaution, but our treasured valuables can get misplaced, damaged, or stolen. Talk to one of our jewellery insurance brokers to discuss your options on protecting your special pieces or collection.
There are several benefits to having jewellery insurance, including:
- It provides better protection for your jewellery than regular home insurance alone (which may not cover the full value of your pieces or include specialized coverage).
- It covers most risks to jewellery, including theft, disappearance, damage, a gem falling out, and destruction.
- It covers both repair and replacement.
- You can have a separate, lower deductible.
- Jewellery insurance is very affordable, especially when compared to the expense of having to repair or replace your jewellery.
We understand that insurance can’t always truly replace what was lost – a family heirloom or an antique or your wedding ring will have sentimental value that is irreplaceable. However, jewellery insurance can help repair a damaged piece or allow you to rebuild your collection.
Generally, you should consider jewellery insurance if you have individual pieces or a collection worth more than a few thousand dollars. At this point, you will start to hit the limits of regular home insurance and may need a special add-on to your policy or to purchase separate jewellery insurance. A broker will be able to help you decide the best option for your needs and budget.
How does jewellery insurance work?
There are two ways you can protect your pieces:
- Purchase a jewellery “floater” with your home insurance.
- Purchase separate jewellery insurance.
A jewellery floater is an add-on coverage for your home insurance. It extends the protection offered by your home insurance to better reflect the value of your jewellery. This is a good option if you only have a view valuable (but not crazy expensive) pieces. Make sure you’re aware of any jewellery-specific exclusions – some home insurers won’t cover theft!
Separate jewellery insurance will offer more extensive coverage and will also have a separate deductible. It’s the best option for a valuable or large collection but will usually be more expensive.
Regardless of which option you choose, you should get your pieces or collection valued through an official appraisal using a member of the Certified Accredited Appraiser Program (CAAP). You should provide a copy to your insurer and keep backups. If you purchased items new, you can also simply use your receipt (just be sure what you paid is reflective of the piece’s true value).
If you’ve opted for a jewellery floater, you’ll need to make a claim with your home insurance even if it’s only your jewellery that’s been affected. If you have a separate policy, you’d make a claim there. In either case, your settlement will depend on your insurer. Some will simply send you a cheque while others will dictate the replacement or reparation of a piece.
It’s important to discuss how claims work with your jewellery insurance broker and the option you’ll have for settlement.
How much does jewellery insurance cost?
The price of jewellery insurance will depend on if you purchase a separate policy or opt for an add-on to your home insurance. It can also be affected by the following factors:
- The value of the pieces you’re insuring.
- Your coverage, including settlement options, policy limits and deductible.
- The crime rates of where you live.
- How you’re storing your jewellery, including if there are any security features.
- Your insurance and claims history.
If you purchase a separate jewellery policy, your premium will be at around 1-2% of the collection’s value. So if you’re looking to insure a $100,000 engagement ring, your annual premium would be between $1000 and $2000. If you’re insuring a $50,000 collection, your rates would be about $500-$1000.
Why Work With a Rogers’ Signature Service Jewellery Insurance Broker
Our professional, experienced jewellery insurance brokers can help ensure your treasured pieces are protected. We pair expertise with exceptional customer service – you’ll notice a difference with our hands-on, human-first approach to insurance. Our Signature Service clients receive top of the line service, guaranteed. We can help you:
- Determine your insurance your needs.
- Balance protection with your budget.
- Deliver competitive jewellery insurance quotes.
- Advise and act as your insurance and risk management resource.
- Advocate on your behalf and help you through the claims process.
Because we’re a leading independent insurance broker in Canada, we have access to a large number of markets. This means we can offer truly competitive jewellery insurance quotes and a choice with your coverage.
We’ve been trusted insurance brokers since 1977 and grown from a single location in Alberta to one of the largest independent brokerages in Canada. If you are looking for high-value insurance and service tailored to your individual needs, look no further than Rogers Signature Service.
Contact us today for a jewellery insurance quote – online, by phone, or stop by at one of our locations.