Jewelry Insurance Cost Calculator

Standard homeowners (HO-3) and renters (HO-4) policies include sublimits for jewelry theft, typically $1,000 to $2,500 for all jewelry combined. This is rarely enough to cover an engagement ring, watch collection, or heirloom pieces. A scheduled personal property endorsement (floater) provides agreed-value coverage for specifically listed items with no theft sublimit.

A scheduled personal property endorsement, also called a floater or rider, adds coverage for specific high-value items listed by description and appraised value. The insurer pays the scheduled value if the item is lost, stolen, or damaged, usually with no deductible and on an all-risk basis (including mysterious disappearance, which standard policies exclude).

The Insurance Information Institute reports that jewelry floaters typically cost 1 to 2 percent of the item's appraised value per year. A $10,000 engagement ring would cost approximately $100 to $200 per year to insure. Standalone jewelry insurance policies from specialist insurers (e.g., Jewelers Mutual) are often available and may offer broader coverage.

Most insurers require a written appraisal from a certified gemologist or appraisal firm to schedule high-value items. The Gemological Institute of America (GIA) recommends getting an appraisal from an independent appraiser (not the jewelry seller) and updating it every 2 to 3 years to reflect current market values.

A scheduled jewelry floater typically covers theft, accidental loss (dropping down a drain), damage, and mysterious disappearance (when an item simply cannot be found without evidence of theft). Standard homeowners policies typically exclude mysterious disappearance. Travel coverage worldwide is also usually included in floater policies.