It is a good idea to have all of your fine jewelry appraised by an independent appraiser and to make sure each item is listed, described and valued on paper. Then, read your home owner’s or renter’s insurance policy. You must find out the amount of coverage it provides for each item, such as jewelry. The best insurance you can get will cover loss, theft and damage.
Be aware that rates for personal jewelry insurance may differ according to your state or country. It is your choice to select coverage with or without a deductible. Talk with your insurance agent about adding a rider to your home owner’s policy. This will cover jewelry that goes beyond the value of personal property covered in the basic policy.
Maybe you can consider separate jewelry insurance (such as that offered by the Jewelers Mutual Insurance Company) as another alternative. Compare many insurance plans, as well as the reputation of each company. Choose the one that gives you the most coverage for your money and the most flexibility if the need arises to replace any jewelry.