Private Client Services
Jewelry
You may not think about jewelry insurance until you purchase or receive an engagement ring — but it is never too early to consider your collection as a whole.
All of our carriers offer jewelry insurance as a separate policy from homeowner’s insurance, with companion policy credits available when the two are packaged together.
A Common Misconception
There are many names that might describe specialized coverage for jewelry — a jewelry floater, jewelry rider insurance, or scheduled jewelry insurance. It all depends on the carrier, but the intent is similar.
Start the Conversation →Jewelry insurance is crucial for high-net-worth clients due to the significant financial investment they have made in acquiring valuable pieces. There are two primary approaches: blanket coverage and scheduled coverage.
Blanket coverage insures the entire collection under a single limit, simplifying the process but potentially leaving room for underinsurance. Itemized coverage provides a detailed list of each individual piece with its corresponding value, offering more precise protection. For high-net-worth clients, a blend of both is often preferred.
Home insurance may have limitations on coverage for certain types of jewelry, such as high-value items or rare gemstones. Many companies may only provide up to $1,000–$5,000 in total, and it’s subject to the home deductible.
Key Capabilities
What Shapes Your Rate
Items to consider:
Consider list loads from the CMS.
- Installing an in-home safe anchored to the foundation and, in some cases, connected to the alarm system.
- Keeping your highest valued items in a bank vault — some companies offer a discounted rate.
- Blending itemized coverage for named pieces with blanket coverage for smaller items.
- Proper coverage for jewelry while traveling.
- Regular appraisals so insured values track the market.
- Companion policy credits when packaged with your home policy.
Not sure what your current policy actually covers?
Why Simpson | McCrady
An Independent Advisor on Your Side of the Table
speak with an advisor
One conversation is all it takes to see where your current program stands. No cost, no obligation — just a clear picture from a named advisor.