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Jewelry, Valuable Items, and Engagement Ring Insurance

Your jewelry is more than an accessory, it’s a personal expression that connects to something meaningful in your life. Whether it’s your engagement ring or your grandfather’s watch, you can help protect your cherished items with a piece of jewelry and valuable items insurance policy. Contact your MFIA agent to get a quote today.

What Does Jewelry Insurance Cover?

Jewelry and valuable items insurance can cover your favorite items from jewelry to collectibles, sporting equipment, electronics, and more – including engagement rings and wedding rings – if they are stolen or damaged in a covered event. A typical homeowners insurance policy without a Personal Articles Floater (PAF) may not cover, or provide enough coverage for those valuable items. That’s where jewelry and valuable items coverage can help.

How Much Does Jewelry Insurance Cost?

Jewelry insurance costs vary, depending on where you live. In general, jewelry insurance may cost between 1% to 2% of the value of your jewelry or valuable item. For example, a $5,000 engagement ring could cost as little as $50 per year to insure – with a $250 deductible.

Is Jewelry Insurance Worth It?

Only you can decide whether your cherished jewelry or valuable items are worth protecting with insurance. Ask yourself the following questions to explore whether jewelry and valuable items insurance is right for you:

  • Can you imagine losing your jewelry?

  • If your jewelry was lost, stolen, or damaged, would you want it replaced or repaired?

  • If the answer is yes, how much would you be able or willing to pay out of pocket?

Get a jewelry or valuable items insurance quote today and see how affordable jewelry insurance can be.

Options for Insuring Jewelry and Valuable Articles

1. Personal Articles Floater (PAF)

This itemized coverage can help give you some peace of mind knowing your belongings and jewelry may be covered should they get lost. Offered as protection for valuables, a PAF policy can be purchased separately. There is no deductible for most classes or types of property and the coverage insures against many risks, including loss and theft.

Consider a PAF policy for:

  • Engagement rings and wedding rings

  • Jewelry

  • Watches

  • Silverware, china, and crystal

  • Antiques

  • Fine art

  • Stamp and coin collections

  • Bicycles

  • Trophies

  • Sound equipment (recorders)

  • Wedding gifts

  • Cameras

  • Personal computers

  • Musical instruments

  • Golf equipment

  • Pedigree dogs

  • Garden tractors

2. Adding Jewelry Coverage to Homeowners Insurance

Available as an add-on coverage to homeowners insurance, a Valuable Items Plus endorsement can offer expanded protection and higher limits on certain types of valuables. Unlike the PAF, where items are individually listed, the Valuable Items Plus endorsement provides blanket coverage that affords protection for a class of property collectively, such as jewelry, up to a certain amount. This jewelry insurance coverage insures against many risks, such as lost or stolen jewelry.

Frequently Asked Questions About Jewelry Insurance

Does Homeowners Insurance Cover Jewelry and Valuable Items?

Homeowners insurance may provide limited coverage amounts for lost jewelry or valuable items based on the type of item and cause of loss. Valuable item coverage may provide the protection you need for your valuable possessions in the event of covered loss from, for example, theft or fire.

How Do I Add Engagement Ring Insurance or Wedding Ring Insurance to My Policy?

We may offer two options for adding engagement ring insurance or wedding ring insurance: You can purchase a Valuable Items Plus endorsement or a PAF.

With a Valuable Items Plus endorsement, your homeowner's insurance coverage is expanded to protect your valuables from loss caused by additional perils – subject to a few common exclusions. For jewelry, paintings, and other fine art you can purchase up to $50,000 of coverage; for silverware, you can purchase as much as $20,000 of coverage. The maximum payment for any one item is either $10,000 or $20,000, depending on the state.

If you own valuable, rare, or irreplaceable items, such as collectibles or antiques, you may want to consider the comprehensive protection offered by a PAF. In case of a covered loss, this coverage allows you to recover the value of an item (based on a recent bill of sale or appraisal). This policy provides coverage for items such as fine art and jewelry at an amount you and we agree upon. For other items, the policy provides either actual cash value, cost to repair, cost to replace, or up to the insured amount, depending on the cause of loss and its current value.

How to Insure Jewelry and Other Valuable Items

Jewelry, Valuable Items and Engagement Ring Insurance
Insure Jewelry and Other Valuable Items

Step 1. Make a list of the valuable items you want to protect.

Step 2. Assign a value to each of them. If you’re not sure, consider having the items appraised.

Step 3. Call the MFIA agent for a quote on a PAF insurance policy.

Protect Your Personal Articles Today with Jewelry Insurance

Protecting your valuables from loss may be an affordable option depending on your needs. Whether you just need coverage for your jewelry or want insurance for multiple valuables, offering options. You can add on and choose the coverage that fits your needs. Contact your MFIA representative to get a quote today for the valuables you want to protect.


This Blog post is made available by the MFIA for educational purposes only as well as to give you general information and a general understanding of the current insurance market, not to provide specific insurance advice.

​For a bit of specific insurance advice, contact us to get a free quote.

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