The company’s premiums are in line with industry norms at 1% to 2% of the value of your items depending on where you live, with a minimum annual premium of $25 or $30. If you have savings to cover a higher deductible in the event of a claim, it could help reduce your monthly premiums.

While some insurers don’t require a deductible, that typically means paying a higher premium. Deductible options range from $0 to $500 per claim. Jewelers Mutual doesn’t have a maximum or minimum dollar limit for your coverage, making it a good option for collections of all sizes. It’s the largest company dedicated solely to insuring jewelry, and as a mutual company, it ’s owned by its policyholders.

In other words, Jewelers Mutual has a sterling reputation. Why we picked it: Jewelers Mutual has been around for more than 100 years and has garnered support from the jewelry industry, including being the only insurer recommended by trade groups the American Gem Society and Jewelers of America. To help you get started, here are our top picks for the best jewelry insurance companies. The right insurer for you, however, will depend on your needs and budget. Regardless of how the insurance is sold, the best providers offer easy appraisals, flexible deductibles, high coverage limits and inexpensive premiums. (Geico, for instance, partners with Jewelers Mutual, instead of offering coverage directly.) You may also find companies that offer and service policies that are actually issued by larger insurance providers. Sometimes larger insurers sell policies on behalf of specialized insurers. Policies that cover individual pieces of jewelry or collections are sold both by large insurers you’ve probably heard of, and by smaller, specialty insurers that may be less familiar. If you want to make sure your engagement and wedding rings are completely covered, or if you own an expensive necklace or an extensive watch collection, it often makes sense to buy a separate jewelry insurance policy. While jewelry is usually covered by your home insurance or renters insurance policy, coverage limits are low. Whether a retirement gift watch, a wedding ring or grandmother’s pearls, jewelry can be expensive to repair or replace, so it’s a good idea to think about how to protect the pieces that are significant to you. Jewelry is often used to mark special occasions, acting as a symbol of love and commitment and sometimes becoming a cherished heirloom.

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