International Gem Society rates BriteCo as Best Overall Engagement Ring Insurance of 2021

July 27th, 2021

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The International Gem Society (IGS) has recently rated the top 8 jewelry insurance providers in the USA and BriteCo has placed at the top of the list as the Best Overall Value for jewelry and watch insurance.

Is your engagement ring insured
Company Cost (% of value) Coverage Convenience Payment Value Updates Channels
0.5-1.5% 125% of appraised value

“All perils coverage”
(covers loss, theft, damage, and disappearance)

Custom quote in 60 seconds online

Policy purchase in two minutes

Annual or monthly payment
(no extra cost)
(no extra cost)
Retail Jeweler
1-3% 100% of appraised value General quote online Annual or 5 payments for a $7.00 fee Automatic elevator Direct/Online
Retail Jeweler
1-2% 100% of appraised value General quote online Annual or 5 payments for a $7.00 fee None Primarily Direct/Online
1-2% 125% of appraised value + 20% surcharge Can’t purchase a policy direct/online

Must purchase only through select jewelers

Annual only None Jewelers only
No available Direct/Online
1-2% 100% of appraised value Can’t get a quote or purchase a policy direct/online

Must purchase on through select brokers

Annual only None Brokers
1-2% 100% of appraised value Focused on lower value items Offers low minimum payment $20 None Direct
1-6% Agreed value Designed specifically for covering high priced jewelry, fine art, wine, vintage motorcars, and other extraordinary collectables Annual None Brokers
1-3% 100% of appraised value Must purchase through an agent and add a rider to your homeowners policy Pay in conjunction with your homeowners policy Automatic Elevator Captive Agents

As its top choice, IGS cited several advantages BriteCo offers consumers looking for engagement ring insurance, eternity ring coverage, and insuring other luxury jewelry items, as well as high value watches.  In comparison with other jewelry insurance providers, BriteCo stands out with:

  • Jewelry insurance rates lower than their competitors’ with better coverage.
  • 5-star rated jewelry insurance policies underwritten by GIC.
  • Worldwide coverage for U.S. residents against major perils: loss, damage, theft, and mysterious disappearances.
  • Zero-deductible, replacement-only policies with lowest rates on average, which means the best specialized jewelry insurance coverage available is also among the most affordable.
  • Annual coverage periods payable up-front with a 5% discount, or convenient, low monthly premium payments starting at less than $5/month.
  • Automatically covers up to 125% of the appraised value (that’s an additional 25% of coverage at no extra cost).
  • Covers your significant other without the need for additional verification. (Won’t ruin a surprise proposal).
  • Coverage for preventative maintenance included without a deductible.

Noting that more than half of the engagement rings sold in the USA don’t have ring insurance, the IGS evaluation of top insurance providers recommends everyone consider buying a policy, especially since it’s never been more convenient and affordable.

“In far too many cases,” according to the article, “people assume their homeowners or renter’s insurance will cover any loss. However, after a loss, theft, or ‘mysterious disappearance,’ many will regret not purchasing specialized jewelry insurance.”  And even if you currently have jewelry insurance, the article recommends you check to see if you can replace your most prized possessions without having to pay a substantial amount of money out of pocket.

You can see for yourself how fast and easy you can get superior jewelry insurance coverage at an affordable price by getting a no obligation custom policy quote at

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