Safe and protected: Should you insure your jewellery?

When it comes to keeping your jewellery safe, we all know that storing and cleaning individual pieces correctly goes a long way to keeping your collection looking beautiful. 

However, jewellery can still get damaged or end up lost, leaving you out of pocket and possibly upset at the loss of something that has sentimental meaning. 

If this happens, you might not have the cash to hand to repair or replace jewellery, which can be particularly devastating if you are used to wearing it all the time – such as your wedding ring.

But how can you help protect your jewellery and your bank balance?

Insuring certain pieces can help with peace of mind, as you'll know that if anything were to happen, you have options when it comes to repairs or replacements.

Some home and content insurer providers offer cover for all jewellery up to a certain amount of money as standard. However, you'll need to check that this covers you away from home, as this can be an unincluded extra.unincluded extra.

As most jewellery that gets lost or damaged does so away from home, it is worth paying a bit more for this extended cover.

You may also want to consider whether it is worth purchasing additional insurance for individual items to ensure they are entirely covered.

If you have a piece of jewellery that is particularly old or worth a lot on its own, you should name it in your insurance policy to make sure you get the right payout should something happen to it.payout should something happen to it.

To work out whether you need to do this, have any jewellery you think may be worth a lot valued professionally. You can then provide your insurance company with proof of value, which can be used to create the right policy.

Your insurance company will be able to tell you if anything should be named individually in your policy, giving you plenty of opportunity to understand exactly what is and isn't covered, as well as what extra costs you'll have to pay for your updated policy.

You might think it isn't worth the hassle, but being able to replace or repair jewellery should the worst happen can make a huge difference. 

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