Jewellery is normally covered by Contents Insurance policies. These policies insure the contents of your home, including jewellery, for a wide range of unforeseen events.
There is a range of insurance policies available, providing varying levels of cover. Most insurance policies require individual items of jewellery, over a certain value, to be specified in your policy.
If items are not noted in your policy, cover is restricted to the amount of the limit e.g. a limit of $2,500 per item and $10,000 per claim. If you need more cover than this, you must ask for your jewellery pieces to be noted on your policy.
You should discuss the best option for your circumstances and any specific questions about jewellery insurance with your insurance company or broker.
Additional Insurance Information
Insurance Policy Wording
- In the event of a loss insurers may direct you to a nominated jeweller to have your item(s) repaired or replaced.
- In the event of a loss insurers may allow you to nominate a jeweller of your choice subject to a fair and reasonable quotation to replace, repair or reinstate.
Keep Valuations Up To Date
- items of jewellery appraised and revalued every few years
- receipts and valuations kept in a safe place, separate from your jewellery
- photographs or videos of each item to assist in identification and recovery if lost or stolen
- an inventory of all your jewellery kept at another location (other than your home) in the event of fire, flood or peril.