Should You Insure Your Jewelry?

Yes. While most jewelry has high sentimental value, it also has intrinsic value, and once the shock of loosing or damaging a favorite piece has passed you will want to replace it. Most insurance companies will require that a graduate gemologist appraise your jewelry, diamonds over 3cts. should be plotted, and taking pictures is always a good idea. Some homeowner’s policies give the policyholder the option of adding personal property as a rider. Other insurance companies, like Jewelers Mutual will write a policy for your jewelry alone; for more information visit www.jewelersmutual.com. Most fine jewelry stores offer appraisal services. The National Association of Jewelry Appraisers is the only appraisal organization dedicated solely to jewelry. For a list of member appraisers in your area visit www.najaappraisers.com . Appraisals should be updated every two to five years; and please always save all original paperwork, diamond certificates, and specialty boxes like watch boxes.