Why do you need jewellery and watch insurance?

Many home insurance policies will offer single item cover up to only £1,500. This means that you would not be able to claim for a piece of jewellery worth more than £1,500. You can often list items in excess of the single item limit but there will always be a maximum amount, this could typically be just £10,000, of what the insurer is willing to cover. If you have a particularly high-value item, like a Cartier ring, it is more than likely you will need a specialist jewellery policy or will need to include your jewellery items within a high value home insurance policy.

Do I need a jewellery valuation?

If you make a claim on an insurance policy for loss, damage or theft then you will be asked to provide a valuation or receipt. For a high value item of jewellery, it is best to have a valuation certificate. The price of diamonds and gold often fluctuates and so you don’t want to rely on your receipt in case your jewellery item has increased in value since you purchased it.

We recommend obtaining a professional valuation from a member of a professional guild or union. You can also get a valuation from a specialist or high street jeweller.