How Do I Insure My Jewelry and Valuables?

Jewelry is an investment, and whether it is being worn for a nice night out or stored in a jewelry box or safe, you should be thinking about how your insurance will cover it.

If an Acuity customer owns any piece of jewelry worth more than $1,000, additional coverage beyond the home insurance policy is appropriate. In this blog, we explain some of the ways you can insure jewelry.

Blanket Jewelry Coverage

Acuity’s Jewelry and Furs Enhanced Coverage offers a simple solution without detailed descriptions. This specialized Acuity coverage is beneficial if none of your jewelry items are individually valued at more than $5,000. You simply request a per occurrence limit that is accompanied by a per article limit. The maximum blanket coverage limit offered by Acuity is $25,000 per occurrence, subject to a $5,000 limit per article.

Scheduled Jewelry Coverage

Jewelry items valued above $5,000 should be specifically scheduled to ensure appropriate insurance coverage. We require a detailed description of each jewelry item. Acuity will typically request a jeweler’s appraisal to insure individual items exceeding $10,000.

You can request scheduled jewelry coverage on an actual cash value basis or on an agreed value basis.

Actual Cash Value

You describe each item to be insured and its estimated value. In the event of a claim, we pay up to the amount of insurance, but not more than the item’s actual cash value at the time of loss.

Agreed Value

You describe each item to be insured and its estimated value. In the event of a claim involving total loss, we agree to pay the amount of insurance shown in the schedule.

As you evaluate your current jewelry in your home or apartment—and any future jewelry purchase (like maybe that engagement ring you’ve been dropping hints at for months!)—you can contact your Acuity independent insurance agent to see which of these options is right for you.