Gifts are a hallmark of Valentine’s Day, the ultimate Hallmark holiday. And for this designated day of love, while some people prefer roses, others prefer gifts in the form of rose (or white, or yellow) gold: that perfect piece of jewelry.

For many people, jewelry is more than just an accessory – from an engagement ring to a family heirloom, the piece can represent special moments, cherished memories, and significant investments. To make sure those moments and memories (and that piece of jewelry!) are never tarnished and to keep the piece safe for years to come, your valuables deserve protection beyond careful handling. That’s where jewelry insurance comes in.

Interested in learning more about how to protect your most precious pieces? Here are a few FAQs and answers to get started: 

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Q: Does homeowners’ insurance cover jewelry?

A: Many people assume that their homeowners’ or renters’ insurance fully covers their jewelry, but that’s often not the case. Standard policies typically have coverage limits for valuable items, and in some cases, may not cover loss or accidental damage at all. Without dedicated jewelry insurance, you may not receive full reimbursement if your jewelry is stolen, lost, or damaged.

Q: What are some of the benefits of jewelry insurance? 

A: Having a specialized jewelry insurance policy can offer comprehensive protection, including:

• Higher coverage limits to ensure your jewelry is insured for its full appraised value.
• Protection from risks, including theft, loss, and accidental damage.
• Worldwide coverage so you can travel with peace of mind. 
• A jewelry insurance policy often provides a smoother claims process than a general homeowners policy.

Q: Will I need an appraisal?

A: Most insurance providers require an appraisal for high-value pieces to determine accurate coverage amounts. If you’ve recently purchased a piece, an original receipt may suffice. For heirloom or custom items, an appraisal from a certified jeweler ensures you have proper documentation in case of a claim.

Q: What if I move? 

A: Just like homeowners or renters insurance, jewelry insurance should be updated when you relocate. If you’re changing addresses, ensure that your policy follows you so your valuables remain protected. 

Q: What should I do if my jewelry is lost or stolen? 

A: Report the loss immediately by filing a police report. Once you file the report, notify your insurance provider to initiate a claim. Make sure to provide any necessary documentation, including appraisal or purchase receipt. Your insurance provider will be able to detail how your specific policy handles claims. 

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Whether you’re making a special jewelry purchase this Valentine’s or receiving a gift that sparkles, make sure you take steps to protect these invaluable pieces. Contact one of our experienced HUNT Insurance Producers today to learn more about your coverage options!