If it’s worth a lot of money, it’s worth insuring

You’re all ready to pop the question. You’ve got the perfect location, the champagne – it’s all planned.

Congratulations! But as your insurance brokers, we have to ask: Did you get insurance for the ring?

A standard Homeowners Insurance or Renters Insurance policy does cover high-value items as part of your personal property coverage. But it has limits. If the value or an individual items is higher than that limit, you’re not covered for the difference.

This doesn’t just apply to jewelry, but antiques, art, expensive collections, firearms or high-value rugs.

The most common high-value items people insure is jewelry, so that’s what we’ll focus on here. But any expensive item you buy would be treated the same. As always, if you have questions you can call Secure Insurance Solutions and we’ll answer any of your questions and help you find the right insurance. Here’s some advice on:

  • Purchasing something sparkly for a loved one
  • Inheriting a jewelry box
  • Insuring against lost stones from settings

Insure expensive jewelry you buy for your loved one

It’s your 25-year anniversary. You want something special for your wife. Something special that you couldn’t have afforded when you proposed. You’ve hidden it in one of your jacket pockets in the closet so that she won’t find it. You’ll pack it in your carry-on so that you can give it to her on your trip to Hawaii to celebrate 25 years.

But what if your bag gets stolen on the way to Hawaii. Just the thought of it makes you incredibly nervous.

You don’t want to disappoint your wife by not having something to give her on the day you married her, so make sure as soon as the ring is in your possession that you protect it. Call your broker right away and add a scheduled jewelry endorsement to your Homeowners Insurance or Renters Insurance policy.

Coverage for expensive jewelry is available at a surprisingly low cost. Make sure you hold on to your receipt, or get a professional appraisal. Your team at Secure Insurance Solutions will handle the rest.


You didn’t know Aunt Martha well. She only came to Grandma’s once every couple of years at Christmas. She always dressed up and had big broaches, pendants and bracelets. She’d send expensive presents for your birthdays.

When she passed away, she left you her jewelry box – with everything in it. You’re touched, but you’re not sure what to do with it all. A lot of it’s not your style and you’re not sure if it’s worth anything.

If you inherited jewelry, do yourself a favor and be sure to get it appraised. Nine times out of ten, people assume that the jewelry they inherited is costume jewelry and of little value. And often they’re wrong.

You don’t know a lot about jewelry or precious stones. Most people don’t. That’s why we always recommend that if you inherit jewelry, get it appraised. You never know what one of Aunt Martha’s broaches could be worth.

We also recommend re-appraising jewelry you haven’t had appraised in the last 5-10 years – some precious medals and stones appreciate in value. Make sure that any jewelry worth more than $1,500 is insured on a special jewelry endorsement added to your Homeowners or Renters Insurance policy. In insurance terms, we also call this “scheduling” your jewelry.

When you schedule a piece of jewelry, provide a photograph of the item and either a receipt or professional appraisal.

Even though we’re insurance brokers, there is a non-insurance alternative for high-valued jewelry that you may be keeping to pass on to future generations, but don’t plan to use now. Investing in a safe deposit box for items that are seldom used may be less expensive than scheduling. Just make sure to let us know if fashions change and you’ve brought some of those nostalgic pieces home to use regularly.

If you have any questions, please don’t hesitate to call your Secure Insurance Solutions broker – we’re always ready to help.


Just like your wedding rings, you never take off your grandmother’s ruby and diamond ring. Well, except when swimming or making hamburgers or cleaning.

That means it’s exposed to the every day along with you getting bumped, knocked and possibly even scratched. What if one of the stones falls out of its setting?

While your Homeowners or Renters Insurance policy may cover the jewelry, it doesn’t cover losses to mysterious disappearance or the loss of stones from the setting.

We suggest scheduling jewelry items over $1,500 in value and adding a “special form” endorsement to your Home Insurance policy for lower valued items so you’re covered for these common losses.

If you have any questions, contact Secure Insurance Solutions today.