Your homeowner’s insurance will often have a jewelry provision in which there is a maximum payout in the event of a jewelry related claim. If you want higher levels of coverage for your jewelry, you’ll need to get a jewelry rider or separate jewelry insurance. When we had a piece appraised at a local jeweler, he included a brochure about an independent jewelry insurer and told us we should compare our homeowner’s rider premium against the independent insurer’s premiums.
What’s interesting about jewelry insurance is that it has nothing to do with you at all. The insurance is based on the value of the item, your deductible, whether you have a security system, and which county you live in. For example, everyone in Alabama will pay 1% of the appraised retail value of their piece each year as insurance if the piece is under $15,000. Everyone in Los Angeles County will pay 2%. Live in Delaware, pay 1.1%. If you have a central station security system, you can get a small discount.