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Is Jewelry Insurance Worth It? The Pros and Cons

November 22nd, 2023

If you’ve got a special piece of jewelry you hold near and dear to your heart, you may be considering the reliability of jewelry insurance. The true value of your jewelry can be found in its intrinsic value, the memories it holds, and the peace of mind that comes with knowing it’s protected.

Let’s dive in and explore the pros and cons of insurance, to ensure your precious pieces can be treasured for generations to come.

What Can Jewelry Insurance Do For You?

Insurance for your jewelry is a protective shield for your precious jewelry pieces, offering coverage for instances such as theft, loss, or damage. It promises peace of mind, knowing your treasured items are financially safeguarded. An insurance policy can also cover the cost of repair or replacement, keeping the sentimental value intact.

If you’ve ever wondered, “What is my jewelry worth?” and feared losing a priceless heirloom, a comprehensive insurance plan can alleviate those worries.

3 Ways to Know If It’s Right For You

Pondering whether or not to invest in jewelry insurance is not a cheap decision which can make it tough to know if it’s worth it. Here are three ways to determine if you should consider investing in an insurance policy:

  • Assess the Value of Your Jewelry: Take a moment to evaluate the worth of your jewelry collection. Consider not only the monetary value but also its emotional significance and how much it would cost to replace.
  • Check Your Homeowner’s Insurance Policy: Some homeowner’s insurance policies may offer limited coverage for jewelry items. Be sure to review your policy to see if it provides adequate coverage.
  • Consider Your Lifestyle: If you frequently travel or wear your jewelry, the risk of loss or damage is higher. In this case, jewelry insurance can provide peace of mind and financial protection.

Pros and Cons: Is Insurance Worth It?

If you want to weigh the pros and cons of insurance for your jewelry, here’s a brief list that can help you make an informed decision that gives you a little more clarity:


  • Financial Security: In the unfortunate event of theft, loss, or damage, an insurance policy can help cover the cost of repair or replacement.
  • Peace of Mind: Knowing your jewelry is protected can bring peace of mind and allow you to wear your pieces without worry.
  • Flexible Plans: Many insurance companies offer customizable plans, allowing you to tailor coverage and premiums to fit your specific needs.


  • Cost: Jewelry insurance can be expensive, especially for high-value items. It’s essential to weigh the cost of an insurance policy against the value and significance of your jewelry.
  • Limited Coverage: Some policies may not cover the full value of your jewelry, or certain types of damage, such as wear and tear.
  • Additional Paperwork: In the case of a claim, you may need to provide proof of ownership, appraisals, or other documentation. This can be time-consuming and require additional effort on your part.

Zillion: Our Trusted Jewelry Insurance Partner 

At Solomon Brothers Jewelry, we understand the importance of protecting your jewelry investment. That’s why we’ve partnered with Zillion, an insurance company specializing in jewelry coverage. Their comprehensive plans cover everything from accidental damage to loss or theft. With their affordable rates and seamless claims process, you can have peace of mind knowing your treasured pieces are safe.

Understand Your Heirlooms With Solomon Brothers Jewelry

We understand that your jewelry is much more than just shiny objects, they are memories and emotions materialized into precious items. We take pride in providing comprehensive guidance to answer your query, “What is my jewelry worth?

With our extensive experience in the jewelry industry backed by our trusted partner, Zillion, we are here to ensure that the financial and emotional value of your treasured pieces is always secured. Get in touch with us today so we can help you protect your precious heirlooms.