Over the past few years, we’ve reached a clear conclusion: for most clients, it makes far more sense to insure valuable jewelry on a separate, stand‑alone policy rather than adding it to a homeowners or condo policy.
This isn’t a theoretical recommendation. It’s based on real pricing, real claims, and real renewal outcomes we’ve seen again and again. Here’s why many clients choose to separate jewelry coverage from their home insurance.
1. The Cost Difference Is Significant
In our experience, insuring jewelry through a dedicated jewelry insurer like BriteCo is often 30–40% less expensive than scheduling the same items on a homeowners or condo policy.
Why the savings?
- Jewelry specialists price coverage specifically for fine jewelry, rather than bundling it into a broader home policy.
- Coverage is typically written on an agreed‑value basis, so there’s no depreciation or guesswork at claim time.
- Jewelry policies don’t carry the same built‑in risk load that home policies do for non‑jewelry losses.
The result: lower premiums, clearer pricing, and fewer surprises.
2. How the Coverage Compares
In most cases, stand-alone jewelry policies provide coverage that is very similar to what you’d receive by scheduling jewelry on a homeowners or condo policy.
Coverage typically includes:
- Theft
- Accidental damage
- Mysterious disappearance
- Worldwide protection
In other words, moving jewelry to a separate policy is usually not about expanding coverage or insuring against new types of losses. The core protections are largely the same.
Where the difference shows up is not in what is covered, but in how the coverage is priced, administered, and how claims impact your overall insurance profile.
3. Protecting Your Home Policy Matters More Than Ever
This is the reason we feel most strongly about.
Insurance companies closely review claim history at every renewal. Even a single jewelry claim—especially a theft or mysterious disappearance—can lead to:
- Increased homeowners premiums
- Loss of preferred pricing or discounts
- Placement with a less desirable carrier
- In some cases, non‑renewal of the home policy
By keeping jewelry losses off your homeowners policy entirely, you’re protecting the long‑term stability of one of your most important insurance contracts.
A jewelry claim shouldn’t jeopardize your ability to insure your home.
4. Cleaner Claims History, Cleaner Renewals
Separating jewelry coverage creates a cleaner insurance profile:
- Jewelry claims stay on the jewelry policy
- Home claims remain limited to true property losses
- Renewal negotiations are simpler and more predictable
In today’s tightening insurance market, this separation can make a meaningful difference.
Putting It All Together
If your jewelry is currently scheduled on your homeowners or condo policy, it’s worth revisiting that decision.
We can:
- Review your existing jewelry coverage
- Re‑rate it with BriteCo
- Show you the cost and coverage differences side by side
In many cases, clients save money and reduce risk to their home policy at the same time.
If you still have jewelry insured on your home policy, give us a call. We’ll walk you through your options—and help you protect both your valuables and your homeowners insurance.