Your jewelry tells a story: an engagement, an anniversary, a family legacy. But what happens if that story takes an unexpected turn? A ring slips off at the beach, a necklace disappears during travel, or an heirloom is lost in a move.

While no insurance can replace sentimental value, it can protect you financially. Here’s how to make sure your jewelry coverage shines as bright as the pieces themselves.

The first question to ask yourself is: "Does your current policy go far enough?"

Most homeowners, renters, or condo policies include personal property coverage — but it often comes with limits. Jewelry coverage may be capped at only $1,000 to $2,500 total for theft, which means your most valuable pieces might be underinsured.

If you own high-end or sentimental jewelry, that’s a risk worth addressing.

Scheduling Jewelry for Complete Protection

Scheduling is an easy way to add more robust protection to your existing policy. It involves itemizing your valuable pieces — like engagement rings, watches, or heirlooms — and insuring each one for its appraised value.

This option typically covers a broader range of risks, including mysterious disappearance, and comes with no deductible, so you’re not paying out-of-pocket if a loss occurs.

The second question to ask yourself is: "Do I have replacement coverage or agreed value coverage?"

If you ever need to file a claim, you’ll want to understand how your insurer compensates you.

• Replacement coverage: Your insurer replaces the item through a trusted jeweler, often for less than the appraised cost.

• Agreed value coverage: You receive a check for the full appraised amount, giving you freedom to choose a replacement on your own terms.

Both offer peace of mind, but agreed value ensures you receive exactly what you insured, even if prices fluctuate.

The Cost of Peace of Mind

Insuring jewelry typically costs around 1–1.5% of the item’s value each year. For a $5,000 engagement ring, that’s roughly $65 a year — a small price to protect something priceless.

Values change over time, so it’s smart to re-appraise your jewelry every few years and adjust your coverage accordingly.

Keep the Meaning, Protect the Value

At Chalmers Insurance Group, we understand that jewelry often carries more than just monetary worth — it carries memories.

Whether you’re newly engaged or have a growing collection of heirlooms, our team can help you make informed choices about how to protect what matters most.

Contact us today at 800-360-3000 or visit our Learning Center to learn how scheduling your jewelry can help you preserve both its value and its story.