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Jewellery insurance
Insurance for jewellery, rings and watches.
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MoneySuperMarket does not offer specialist jewellery insurance, but you may be able to add cover for jewellery to a home insurance policy.
What is jewellery insurance?
Jewellery insurance can pay for the repair or replacement of your jewellery if it is lost, damaged, or stolen. It can be used to protect heirlooms, watches and engagement and wedding rings.
You can take out specialist jewellery insurance.
Alternatively, most home contents insurance policies offer some cover for jewellery.
Do I need jewellery insurance?
There is no legal requirement to insure your jewellery but having cover can give you peace of mind that you’re protected. Jewellery theft and loss are common and many pieces have high replacement and repair costs.
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
Will home insurance cover jewellery or do I need specialist cover?
Specialist jewellery insurance may be more suitable if you own particularly rare or valuable pieces, as these policies often have higher cover limits and extra protections. However, specialist jewellery insurance can be more expensive.
If the value of your jewellery is below your home insurance's single-item limit (often around £1,000 to £2,000), it may not be worth paying for extra cover. If you have more expensive pieces, adding them individually to your home insurance could still work out cheaper than a specialist policy.
You may need to add personal possessions cover to your home insurance to protect jewellery outside the home.
How does jewellery insurance work?
Jewellery insurance works in much the same way whether you take out a specialist policy or get cover through your home insurance. If your jewellery is lost, stolen or damaged for a reason covered by your policy, you can claim for some or all of the cost of repairing or replacing it.
How much you can claim depends on a few things:
Single-item limits: The maximum payout for each piece. Standard home insurance often has lower limits unless you've specifically listed the item on your policy.
Maximum-claim limits: The total amount you can claim for multiple items.
How claims are settled: Whether your insurer replaces your jewellery with a new equivalent, pays its current value or pays an agreed amount.
Excess: The amount you pay towards a claim, usually deducted from your payout.
You'll generally need proof of ownership and value to make a claim, so keep receipts and valuations safe.
Single-item limit
A single-item limit is the maximum amount your insurer will pay for one piece of jewellery.
Standard home insurance policies often have limits of around £1,000 to £2,000. If you own a ring worth £5,000 but your policy has a £2,000 single-item limit, you could be left £3,000 short if it needs replacing.
You can often insure more expensive pieces for their full value by listing them individually on your home insurance policy. Alternatively, you can take out specialist jewellery insurance.
Total claim limit
This is the maximum amount your insurer will pay for all your valuables combined, even if each item falls within your single-item limit.
For example, if you have three watches worth £5,000 each but your policy has a total valuables limit of £10,000, you could only claim up to £10,000 if all three were stolen.
Check that your total limit is high enough to cover all your jewellery and other valuables.
Accidental loss vs accidental damage
These are two different types of cover:
Accidental loss: When you unintentionally lose your jewellery, such as a ring slipping off your finger while swimming
Accidental damage: When your jewellery is physically damaged, such as a gemstone falling out of its setting or a bracelet breaking
Not all policies include both. In particular, standard home insurance may cover accidental damage but exclude accidental loss, so check your policy carefully.
Agreed-value cover
Agreed-value cover means you and your insurer agree how much a piece of jewellery is worth when you take out the policy, usually based on a professional valuation.
If the jewellery is lost or stolen, the insurer pays the agreed amount, subject to the policy terms, rather than reassessing its value at the time of the claim.
This can be particularly useful for rare, antique or collectible jewellery that's difficult to replace.
However, agreed values don't automatically increase if your jewellery becomes more valuable, so you may need to update your valuation and insured amount regularly.
Underinsurance
Underinsurance happens when your jewellery is insured for less than it would cost to replace.
For example, if you insure a ring for £5,000 but it now costs £8,000 to replace, you could be left paying the £3,000 difference yourself if it's lost or stolen.
Some insurers may also reduce payouts on smaller claims if an underinsurance clause applies.
Getting expensive jewellery professionally valued and updating valuations regularly can help you avoid this.
What does jewellery insurance usually cover?
Jewellery insurance generally covers the repair or replacement of items such as wedding and engagement rings, watches, bracelets, necklaces and earrings, including lost diamonds or gemstones. The table below gives a general overview of the market but what's included and excluded can vary between policies. Always check your own documents.
Policy item | Specialist jewellery insurance | Home contents insurance |
|---|---|---|
Items covered | Specified items of jewellery | Contents of your home |
Events covered | Damage, loss, and theft | Theft, fire, and damage |
Single-item limit | Often much higher | Often around £1,000-£2,000 (more expensive items can be specifically declared) |
Items away from home | Usually included as standard | Usually not standard but available as an add-on |
Worldwide cover | Usually included | Usually excluded |
Accidental loss and damage | Usually included | Depends on the policy |
Theft from person e.g. mugging | Usually included | Usually not standard but available as an add-on |
Claims process | Handled by experts familiar with jewellery | Tends to be less specialised |
Valuation | Requires an up-to-date valuation | May not require a detailed valuation, unless an item is very high-value |
Cost | Premiums tend to be more 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?
Policies can vary and exclusions are not universal. However, it is common for jewellery insurance to not cover:
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General wear and tear, including scratches and dents
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Burglary where there is no sign of forced entry
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Theft by guests, visitors or household members
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Alterations and routine repairs
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Cleaning and maintenance
How much should I insure my jewellery for?
You should insure your jewellery for the amount it would cost to replace it today. That may be very different from what was originally paid for the piece, especially for older jewellery, family heirlooms or gifts.
To determine what that amount is, you should get a professional jewellery valuation. For rare or antique pieces, look for a specialist valuer.
Since jewellery can change in value as the price of precious metals and gemstones fluctuates, it's worth getting expensive pieces professionally valued every few years.
How do I prove the value of my jewellery to an insurer?
If you need to make a claim, your insurer will usually ask for evidence that you owned the jewellery and how much it was worth.
Useful evidence of value includes receipts, professional valuations, photographs and other documentation such as certificates of authenticity, diamond grading reports or records of repairs and previous valuations.
If you can't show ownership via a receipt (for example, because it was a gift or heirloom), an insurer might want other proof such as photographs of you wearing the jewellery, gift records, inheritance documents or previous insurance records.
Average amount jewellery is insured for:
£4643
.87[3]
Based on MoneySuperMarket home insurance data, 2026.
Average amount watches are insured for:
£5674
.69[3]
Based on MoneySuperMarket home insurance data, 2026.
How can I get cheaper jewellery insurance?
The cost of jewellery insurance depends on the value of your items, the cover you choose and how you insure them. There are several ways to keep costs down without leaving your jewellery underinsured.
Shop around
Different insurers can charge different prices for the same level of cover, so comparing quotes is one of the most effective ways to find the best deal for your needs. In particular, you may wish to compare specialist jewellery insurance against home contents policies that allow you to add valuable items.
The cheapest premium won't necessarily offer the best value. Look at single-item limits, accidental loss cover, worldwide protection, excesses and how insurers settle claims before choosing.
Check if you're already covered
Your home contents insurance may already cover jewellery below its single-item limit, so you might not need a separate policy.
For more expensive pieces, compare the cost of listing them individually on your home insurance against buying specialist jewellery cover.
Remember that not all home insurance policies protect items outside the home as standard, so if you wear your jewellery out you may need to add on personal possessions cover.
Get an accurate valuation
Insuring your jewellery for more than it's worth could mean paying unnecessarily high premiums, without getting a larger payout.
Get expensive pieces professionally valued and keep valuations up to date. This is especially important for older jewellery, where the replacement cost may have changed significantly since it was purchased.
Only pay for the cover you need
Specialist jewellery policies can include protection for accidental loss, damage and theft worldwide, but not everyone needs all these features.
For example, if you rarely wear an expensive piece outside your home, you may not need worldwide cover. Check what each policy includes before paying for additional protection.
Improve how you store your jewellery
Some insurers may offer better prices if you keep expensive jewellery in an approved safe or meet specific security requirements.
For particularly valuable collections, insurers may require certain locks, alarms or safes as a condition of cover. Check these requirements before buying a policy.
Pay annually
Paying annually can be cheaper than monthly instalments, as some insurers charge interest or fees for spreading the cost.
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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-
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
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
Keeping 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.
Our expert says…
According to the ONS, police recorded 222,304 burglaries (residential + non-residential) in the year ending June 2026, a 6% 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 the single item limit and you may need an add-on for that item to be covered outside the home.
David McDermottroe Insurance & Personal Finance Expert
What other valuables can I insure?
As with jewellery, these high-value items can often be covered by home insurance, but you may need to declare them separately. Alternatively, you can take out specialist cover.
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 prices, inflation, and the condition of the jewellery.
Do I need a valuation certificate to insure inherited jewellery?
Not always, but you may need a professional valuation for expensive inherited jewellery, particularly if you don't have a receipt or other evidence of its value.
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?
Jewellery insurance can cover the loss of a single earring, provided your policy includes accidental loss.
However, insurers don't always pay to replace the whole pair. Some will only cover the cost of replacing the missing earring, while others offer matching-set cover, which can pay to replace both earrings if an identical replacement isn't available.
Check your policy wording, particularly if you own expensive or bespoke earrings that would be difficult to match.
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.
Is theft by a guest or visitor covered by jewellery insurance?
No, most jewellery insurance policies do not cover theft by a person who was invited into your home. This includes tradespeople, friends of roommates, family members and any other guest.
What should I do if I'm gifted expensive jewellery?
If you receive expensive jewellery as a gift or inheritance, check whether it's covered by your home insurance. If it's worth more than your policy's single-item limit, you may need to declare it separately or take out specialist cover.
It's worth getting a professional valuation to establish its replacement cost, especially if you don't know what was originally paid for it.
Keep photographs, valuation certificates and any other evidence of ownership safe. You don't necessarily need the original receipt to make a claim, but your insurer may ask for other proof that the jewellery belongs to you.
If you plan to wear it outside your home, check whether your insurance covers items away from home.
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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
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Terms and conditions apply. More information can be found on our Price Promise page.
Reviewed on 5 Nov 2026 by
Sources and supporting information
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[1]
Accurate as of 05 November 2026.
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[2]
YouGov Survey 1st July 2025 to 30th June 2026. 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=17,883, Compare the Market n=16,193, Go.Compare n=8,523, Confused.com n=7,918, Uswitch n=514)
-
[3]
Data based on the average cost to replace items listed by MoneySuperMarket customers between August 2026 and October 2026.
