Jewelry Insurance Basics

Is jewelry insurance worth it?
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Usually, yes! Jewelry insurance is suprisingly affordable and provides total peace of mind when it comes to your most precious valuables. Check to find prices as low as $5 per month.

How much does jewelry insurance cost?
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You can expect jewelry insurance to cost from 0.5%-1.5% of the appraised value of the jewelry item per year. A $10,000 engagement ring would cost $4-$12 a month. Learn more about jewelry insurance costs.

Do I need an appraisal to apply for jewelry insurance?
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Yes, you should have your engagement ring or fine jewelry appraised to apply for jewelry insurance and receive an accurate valuation of the item. Learn about the benefits and why of jewelry appraisals.

Should I insure my jewelry?
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In most cases you should insure a high-value jewelry item, as replacement or repair can be costly. To get the best coverage that fits your needs, read this guide to choosing the right policy.

How does jewelry insurance work?
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A jewelry insurance policy should provide replacement coverage for damage, loss, theft, and “mysterious disappearance”. To receive jewelry insurance you will need to provide some details about the item, and a certified jewelry appraisal. Check out a detailed explanation of how jewelry insurance works.

Jewelry Insurance Coverage

Will insurance cover lost jewelry?
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A jewelry insurance policy should cover the loss or theft of an item., including the most common form of loss – “mysterious disappearance”. To better understand how jewelry insurance works, check out this article outlining in detail the process of jewelry insurance.

What jewelry does my home insurance cover?
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Most home insurance policies cover jewelry from loss or theft as personal items, and these are limited to $1,000 up to $2,000 in value. They don’t typically cover your significant other, are subject to a deductible, can increase your policy cost in the case of a claim, and do not give you control over replacing your item. Learn more about home insurance coverage, and why jewelry-specific insurance may be better for you.

Is stolen jewelry covered by homeowners insurance?
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Many standard insurance policies cover stolen jewelry as a personal item. Most policies have claim limits that may not cover more valuable items. Check with your insurer to make sure you don’t exceed these limits, or you might consider a stand-alone policy. Learn more about the differences between homeowners insurance and a standalone jewelry policy.

How do I ship jewelry and have it insured?
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To insure jewelry while shipping, US Postal Service offers Insured Mail that can cover loss or damage up to $5,000. A stand-alone jewelry insurance policy will cover your jewelry as long as it is shipped under receipt. Read more about stand-alone Jewelry insurance.

Is a watch considered jewelry for insurance?
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Watches are classified as jewelry for insurance purposes. Jewelry insurance providers will have specific coverage for watches. Homeowners insurance will cover watches as personal items with likely limits of coverage values as well as deductibles.

Insurance Claims

How to file a claim for jewelry insurance?
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Filing a claim for jewelry insurance is easy and only takes a few minutes with BriteCo. Simply click this link and follow the prompts to file a claim in just a few minutes online. We’ll follow up with you right away to make sure you get a repair or replacement promptly.

How to file an insurance claim for lost jewelry?
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Lost jewelry is covered by BriteCo insurance. Click this link and follow the prompts. Most claims take less than 5 minutes to make online. We will follow up right way to ensure you get a fast replacement.

What is a deductible for jewelry insurance?
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A deductible is an out-of-pocket expense before you get reimbursed by an insurance provider. BriteCo jewelry insurance has no deductible to ensure that there is never any financial strain in replacing your item. Get a quote now for no-deductible jewelry insurance.

Will the value of my ring change over time?
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Yes! Due to changes in the prices of metal or gems, the price of your ring is likely to change over time. Based on historicals, the value of your ring is likely to rise in value. We automatically update your value annually to ensure you are always insured for the full value of your ring, and cover 125% of your appraisal value. Check out our insurance coverage page to see full details.

How long will it take for a claim to be settled?
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It will take only a few minutes to file a claim. BriteCo will follow up right away to start the process of getting your repair or replacement. The total time will vary depending on your circumstances.

My Policy

How do I update my address or phone number?
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You can update your address by logging into your online account.

Once you’re logged in:

  • Click on the Make Changes to your Policy button.
  • Click on Next button to confirm the policy has the correct pieces.
  • Click Edit about me link to update your information. Click the Update button.
  • Click the This information is correct to confirm your details.
  • Changing your address may affect your premium (the amount you pay each year) because your rate depends on where you live.
  • Click Go to Payment to update your policy

How do I update my email address?
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Please email insurance@brite.co or chat with us on the website and we will update it for you!

How do I add, update, or remove pieces on my policy?
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You can update your address by logging into your online account.

Once you’re logged in:

  • Click on the Make Changes to your Policy button.
  • Add the items needed using the plus symbol
  • Click on Next button to confirm the policy has the correct pieces.
  • Click Edit about me link to update any new information. Click the Update button.
  • Click the This information is correct to confirm your details.
  • Click Go to payment to update your policy

How do I cancel my policy?
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Please email insurance@brite.co or chat with us on the website and we will fulfill your request!

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Contact

805 Greenwood Street
Evanston, IL 60201

info@brite.co

BriteCo Inc. is a licensed insurance agency in all fifty states and the District of Columbia.
Please see the Licenses section of this website for more information. All insurance policies underwritten and issued by Glencar Insurance Company and administered by BriteCo.