How do I add jewelry to my policy?
You may request to add jewelry to your policy using our online Add Jewelry form
, or simply mail, email, or fax a request to add the item to your policy, along with a copy of a current appraisal or evaluation that includes a complete description of the jewelry, including the value and any applicable sales tax. If we agree to add the jewelry, we will send you an updated policy and bill you for the additional premium.
Do you offer a valued policyholder discount?
Yes, we provide a discount for policyholders who have been insured with Jewelers Mutual for three or more years. The discount of 2% each year applies to the remainder of the life of the policy.
Can I see a sample of the policy?
View a sample of our policy here
How is Perfect Circle Jewelry Insurance different from homeowners or renters insurance coverage?
Standard homeowners and renters insurance policies may impose limits on the value of personal jewelry they cover, and these values may be significantly less than the amount required to replace the jewelry. In the unfortunate event of a loss, they may send you to a jewelry repair company of their choice. With Perfect Circle® Jewelry Insurance coverage from Jewelers Mutual Insurance Company, you have the flexibility to work with your preferred jeweler for any repair or replacement of your items. In addition, standard homeowners and renters insurance policies may not offer coverage such as mysterious disappearance, which is included in our personal jewelry insurance policy.
Why do you ask for an appraisal?
An accurate and up-to-date appraisal is the best way to help keep your jewelry from being underinsured and to avoid incurring additional out-of-pocket expenses in the event you have to make a claim on your cherished piece of jewelry. Given that a Jewelers Mutual personal jewelry insurance policy covers repairs and replacements, the appraisal is a key document in providing the details of what makes your piece distinct.
How is Perfect Circle Jewelry Insurance coverage unique from what I might find elsewhere?
Perfect Circle® Jewelry Insurance by Jewelers Mutual Insurance Company is a repair or replacement policy that allows you the flexibility to work with your own jeweler while others may make you work within their network of jewelers. Your jewelry is covered for loss, theft, damage and even mysterious disappearance, which is often overlooked by other carriers. You receive the same kind and quality as your existing item, especially important when you own a name-brand piece. Plus, you have the option of $0 deductible so you can avoid additional expense without sacrificing coverage.
At what value should I start to insure jewelry?
The value insured is based on the proper documentation provided in the application process. The item is insured based on the full appraised value, as this is what it will cost in the current market to repair/replace your item. If you’re unsure of whether your jewelry is valuable enough to insure, ask yourself what the impact of a jewelry loss would be to you if it could not be replaced. Our minimum annual policy premium is $25. You can weigh that against the appraised value of your item to help make your decision. As always, you can ask us at 888-884-2424.