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Jewellery insurance
Insurance for jewellery and watches.
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MoneySuperMarket does not offer insurance for jewellery, but you may be able to add extra cover through your home insurance policy.
What is jewellery insurance?
Jewellery insurance is a type of cover you can take out specifically to protect your jewellery, watches, engagement, and wedding rings as well as other valuables.
It covers your pieces if they are lost, accidentally damaged, or stolen, providing extra protection beyond what your home contents insurance offers.
You could claim on jewellery insurance in scenarios like:
Your necklace clasp breaks, and you lose your necklace when it falls off
A stone falls out of your ring and you want to get it replaced
Your watch is stolen while travelling
A bracelet slips off while you are swimming and you can’t find it
Do I need jewellery insurance?
Yes, it's recommended that you insure your more expensive jewellery pieces. Jewellery theft and loss are common, and with the high replacement and repair costs of many pieces, combined with the sentimental value your jewellery may have, proper insurance can give you peace of mind that you’re protected.
Home insurance with jewellery cover: With a standard home insurance policy, you’ll generally find that jewellery is treated like any other possession and will be insured against things like accidental damage, loss, theft, and away-from-home cover up to a set value amount of £1,000.
Specialist jewellery insurance: Specialist insurance companies will provide the same type of cover but offer a higher amount of cover per item, and you may also benefit from certain extras that aren’t covered by standard home insurance.Do I need jewellery insurance?
When should I get jewellery insurance?
Specialist jewellery insurance is generally recommended if:
You have jewellery worth more than £3,000
The value of your jewellery exceeds what your home insurer can cover
You wear expensive jewellery outside the house daily
You have delicate or easily-damaged jewellery that is likely to need repair or stone replacement
What does jewellery insurance cover?
Most policies replace or repair items like wedding or engagement rings, watches, bracelets, necklaces, and earrings, including lost diamonds or stones.
In some cases, jewellery will be adequately covered by your home contents cover.
Specialist jewellery insurance | Home contents insurance |
|---|---|
Covers only specified items of jewellery against damage, loss, and theft | Covers the contents of your home, including jewellery, against theft, fire, and damage |
High single-item limits tailored to your jewellery collection | Lower single-item limits, unless an expensive item is specifically listed in the policy (which can increase premiums) |
Usually protects items when they are outside your home as standard | Does not usually protect your items if they’re outside your home, but this is often available as an add-on |
Usually includes worldwide cover as standard | Does not usually include worldwide cover |
Usually covers accidental loss or damage as standard | Accidental loss or damage may not be included, depending on the policy |
Usually covers theft from person (for example, mugging) | Theft from a person is not usually included as standard, but may be available as an add-on |
Claims process is handled by experts familiar with jewellery | Claims process tends to be less specialised |
Requires an up-to-date valuation | May not require a detailed valuation, unless an item is very high-value |
Premiums tend to be expensive, depending on the value of your jewellery | Premiums can be lower, although this will depend on the value of your contents |
What’s not covered by jewellery insurance?
Jewellery insurance won’t usually cover:
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General wear and tear, including scratches and dents
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Jewellery that’s been lost at home
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Burglary where there is no sign of forced entry
How does jewellery insurance work?
Jewellery or watch insurance can help cover the cost to replace or repair items like wedding or engagement rings, watches, bracelets, necklaces, and earrings, including lost diamonds or stones. There are some key things to be aware of when purchasing a policy:
Single-item limits: A single-item limit is the maximum amount an insurer will pay out per item. Specialist jewellery insurance policies often have higher single-item limits or possibly no limits at all. This means that you could, for example, replace a lost diamond ring worth £5,000 if you’ve informed your insurer that this is its value and your single-item limit covers this. However, if there’s a single-item cover limit of, for example, £4,000, and you lost a £5,000 watch, you’d only be able to claim £4,000 from your insurer.
Maximum-claim limits: Some policies set a maximum-claim limit for all valuables combined regardless of their individual value, with a single-item limit still applying to each piece. For example, you could have a maximum-claim limit of £10,000 and a single claim limit of £5,000. If you then had three pieces of £5,000 jewellery stolen in a burglary, you’d only be able to claim £10,000 back rather than their full £15,000 value. Even though you were within your single-claim limit, you would have exceeded your maximum-claim limit, reducing the amount you can claim.
Valuations: An accurate valuation is essential to avoid overpaying for insurance or being underinsured.
Reducing your premiums: To keep your premium low, try to pay your insurance bill annually, avoid unnecessary add-ons, and don't overinsure your jewellery.
Underinsurance: It’s important to make sure you don’t underinsure your items. This is when you underestimate the value of your jewellery, and so the insurer won’t pay out for the full cost – for example, if you undervalue a piece of jewellery at £5,000, but then find it costs £10,000 to replace after you lose it. In this case, the insurer would only pay out for 50% of the cost. Underinsurance is a risk if a piece of jewellery increases in value over time, or if you have had an item for a long time and the cost of stones and precious metals have increased with inflation. It’s worth regularly revaluing expensive jewellery to reduce the risk of underinsurance.
How much are valuables typically worth?
How much is jewellery typically worth?
£4712
.68^
How much are watches typically worth?
£5747
.27^
How is the value of jewellery assessed?
There are different ways to determine the value of your jewellery. A professional jewellery valuation will take all these different methods of valuation into account.
You can then select an insurance policy which caters to your specific needs.
Insurance replacement value
The cost to replace an item with a comparable item if it was stolen, lost or damaged.
Resale value
The price a used item would likely sell on the second-hand market, taking into account factors like condition and market trends.
Market value
The price an item would likely sell for in a competitive market, taking into account factors like market trends. This differs from resale value because it takes into consideration how much the item would fetch if it was both brand new or old.
How do I value my jewellery?
To get a comprehensive valuation and avoid being underinsured you can:
-
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Think about replacement costs
Consider how much it will cost to replace your jewellery if it were a new item.
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Get the right amount of cover
Make sure that the amount you can claim matches the value of the items.
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Get items revalued
Get expensive items revalued every two to three years to keep up with market changes, inflation, or rising precious metal prices.
What should I do if I’m gifted expensive jewellery?
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Get a valuation
Have the jewellery professionally valued to determine its current market value so that you won’t be over- or underinsured
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Check single-item limits
Check if the jewellery's worth is under insurance limits to ensure that you won’t receive a payout for less than it's worth
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Compare quotes
If needed, compare quotes for specialist jewellery insurance against the cost of adding the item to your existing home insurance policy
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Contact your insurer
You should inform your home insurance provider about any new high-value items you want covered
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Take photos
Take clear, detailed photographs of the jewellery to make claims easier if the item is lost or stolen
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Keep receipts
Keep any receipts or certificates of authenticity, as the insurer may ask for them if you eventually make a claim
How can I keep my jewellery safe?
Store your jewellery in a safe
If your pieces are especially valuable, consider a wall safe or underfloor safe that's custom made to store your jewellery to protect from theft and fire damage.
Take good care of your jewellery
Keep your items away from heat, sunlight, and water can help prevent fades and tarnishing, while fastening chains and necklaces can prevent damage from tangling.
Use a security system
A home security system can deter thieves and provide evidence if there's a burglary. You can use security cameras to monitor where you store your jewellery.
Take a regular inventory
Keep a note of all your pieces and check them frequently. Insurers are more likely to accept your claim if you make it as soon as an item is lost or stolen.
Be vigilant
Be aware of unexpected callers or cold-callers, and write down any details about them. You can also join your local Neighbourhood Watch.
Take care when travelling
Consider leaving expensive jewellery in a secure location at home while travelling. If you take jewellery away with you, avoid wearing expensive pieces in crowded locations and make use of your hotel room’s safe.
Document your items
Take photographs of your jewellery and keep receipts for expensive items. This helps with recovery and insurance claims.
How can I keep my jewellery safe?
Store your jewellery in a safe: If your pieces are especially valuable, consider a wall safe or underfloor safe that's custom made to store your jewellery to protect from theft and fire damage.
Take good care of your jewellery: Keep your items away from heat, sunlight, and water can help prevent fades and tarnishing, while fastening chains and necklaces can prevent damage from tangling.
Use a security system: A home security system can deter thieves and provide evidence if there's a burglary. You can use security cameras to monitor where you store your jewellery.
Take a regular inventory: Keep a note of all your pieces and check them frequently. Insurers are more likely to accept your claim if you make it as soon as an item is lost or stolen.
Be vigilant: Be aware of unexpected callers or cold-callers, and write down any details about them. You can also join your local Neighbourhood Watch.
Take care when travelling: Consider leaving expensive jewellery in a secure location at home while travelling. If you take jewellery away with you, avoid wearing expensive pieces in crowded locations and make use of your hotel room’s safe.
Document your items: Take photographs of your jewellery and keep receipts for expensive items. This helps with recovery and insurance claim
How can I get cheaper jewellery insurance?
Here are a few things you can do to get cheaper jewellery insurance:
Check your existing insurance: Often, jewellery will already be covered by your existing home contents insurance, so there’s no need to purchase an expensive specialised policy.
Pay annually: Paying for your insurance annually usually works out cheaper than paying monthly, so it’s worth doing if you can afford to.
Increase your excess: Asking for a higher excess tells insurers that you’re less likely to make small claims, so you get a lower premium. However, be careful not to increase your excess so much that it becomes unaffordable. If an event happens where you need to claim for multiple incidents, you may need to pay your excess more than once, which is something to keep in mind.
Build up your no-claims discount (NCD): You can usually get a no-claims discount if you’ve gone several years without making a claim. Avoiding making small or frivolous claims can help you boost your discount and save on your insurance.
Improve your home security: Investing in security measures like a safe to keep your jewellery in can help reduce your premiums. Enhancing your home security is especially important if you live in a burglary hotspot.
Review your cover: Overinsuring yourself is a common way that people end up overspending on their insurance. By accurately calculating the value of your jewellery you can avoid making this mistake.
You should also take time when renewing your policy to make sure the value hasn't changed. Your cover won't change with inflation, so you will need to check that your policy still covers what it should.
Shop around: The best way to find a good deal is by shopping around, as this way you can see all the options available to you. This means you can compare deals by factors that are important like single-items limits, worldwide cover, theft excess, and cost. Once you’ve compared your options you’ll be able to find a deal that suits your needs best.
How do I make a jewellery insurance claim?
If your jewellery is lost or stolen it’s important to act quickly to give yourself the best chance of a successful insurance claim:
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Take photos
Take photos or videos of the problem e.g. a stone is missing, or there’s been a break-in
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Contact police
If your jewellery has been stolen, contact the police to obtain a crime reference number
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Gather evidence
Gather together evidence and documentation, including your policy number
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Contact insurer
You can usually file a claim online or by phone
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Our expert says…
According to the ONS, police recorded 260,728 burglaries (residential + non-residential) in the year ending September 2024, a 4% decrease from the previous period. While jewellery insurance can’t protect you from burglary, it can provide financial compensation in the event your valuables are ever stolen.
The main difference between dedicated jewellery insurance and a standard contents insurance policy is what’s covered. With a standard insurance policy, you’re typically covered for any possessions within your home, but you’ll need to declare any items that are worth more than £1,000 and whether you need cover for that item outside the home as well.
At MoneySuperMarket, our latest data shows that for customers who declared one or more possessions on their insurance policy, on average, it would cost £4636.13 to replace items listed as “jewellery”.
Katie Bishop Insurance writer
How often should I get my jewellery revalued for insurance?
A good rule of thumb is to get your jewellery revalued every two to three years. This is enough to take into account changes in market, inflation, and the condition of the jewellery.
Do I need a valuation certificate to insure inherited jewellery?
Yes, you’ll usually need a valuation certificate to insure inherited jewellery, particularly if it’s valuable. This helps insurers to determined what cover is needed.
What happens if my jewellery is underinsured?
If your jewellery is underinsured, you won't be able to claim its full value if it's lost, stolen, or damaged. This means you might not receive enough compensation to replace it. For example, if you insure a £10,000 ring for £5,000 the insurer will only pay out £5,000 leaving you to pay the rest. Try to have your jewellery appraised by a reputable professional to avoid this scenario.
Am I still covered if I lose one earring?
A specialist policy will cover you for the loss of one earring. Depending on what cover you have, your insurer will replace the one earring or compensate you for a pair.
Can I insure multiple pieces of jewellery?
You can insure multiple pieces of jewellery, a collection, or just a single piece. When you buy or receive new pieces of jewellery, keep the receipts, and contact your insurer as you will need to update your policy.
Can I get cover for a jewellery set or collection?
Some insurers offer policies for jewellery sets or collections, though these are likely to raise your premiums – you may even have to go to a specialist insurer to get the cover you need. Look out for matching set cover, if you want to cover for example, the loss of one of a pair of earrings.
Does jewellery insurance also cover other valuable items?
You might be able to include cover for other valuables such as art, antiques, musical instruments or collectibles as part of a single policy. Remember to declare any items you want cover for.
What if my jewellery loses value after repair work?
If you have a piece of jewellery repaired, its market value may fall as a result. Some insurers will cover you for this loss in value, but it’s worth finding out beforehand to be sure.
Will I be covered if I take jewellery abroad?
Not all insurers offer cover if you take your jewellery abroad. Some might refuse claims outright, while others may exclude long trips (usually over 30 days) or particular high-risk countries. If you’re going to take jewellery away with you, check with your insurer what level of cover they offer.
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One of the best ways to get the lowest prices and best deals is to compare quotes from different companies. We do the work for you, comparing quotes side-by-side and giving you all the information you need so you can choose the right deal for your needs and your wallet.
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No, not every company can be included in our service. This is because some companies don’t want their products included on comparison sites, and some decide that they would rather not pay a fee. There are also a few smaller providers who can struggle to cope with the volume of customers that can find their products if they appear on MoneySuperMarket.
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Is home insurance eligible for SuperSaveClub and rewards?
Yes, you can earn SuperSaveClub rewards when you buy home insurance through MoneySuperMarket.
This includes:
Up to £15, which you can withdraw as a pre-paid Mastercard or a gift card for brands like Sainsbury's and Amazon.co.uk
Free Days Out pass (worth £180), which gives free entry to a range of UK attractions
Cashback of up to 10% when you spend at brands including eBay, Just Eat and Argos
To earn SuperSaveClub rewards on purchases you must:
Sign up to SuperSaveClub (it's free)
Be signed in to your account when you make the purchase
More information can be found on our SuperSaveClub homepage.
Is home insurance eligible for Price Promise?
Yes, home insurance is included in our Super Save Price Promise.
If you buy through us then find the same deal for less we will:
refund the difference
give you a gift card worth up to £20
Terms and conditions apply. More information can be found on our Price Promise page.
Reviewed on 24 Dec 2025 by
YouGov Survey 1st July 2024 to 30th June 2025. Net Recommend score derived from “Which of the following online service websites would you recommend to a friend or colleague, or tell them to avoid?” Base: Current Customers of (MoneySuperMarket n=18,382, Compare the Market n=16,802, Go.Compare n=10,162, Confused.com n=8,229, Uswitch n=528).