Jewellery can be insured through home and contents insurance. Specified items insurance for jewellery can cover named pieces that exceed the policy’s standard contents limit, particularly when they’re mainly kept at the insured address. Adding specified cover typically increases the premium. Cover, limits and exclusions depend on the policy, so read the wording as carefully as you compare premiums.Before deciding how to protect a valued piece, it helps to understand what specified cover includes and what affects its cost. This guide explains how it differs from cover for jewellery you regularly take away from home, and how a valuation can help establish a bespoke item’s worth. You’ll be better placed to consider cover that matches how you own and wear your jewellery. Key Takeaways Learn how naming valuable jewellery on a contents policy may help address standard item limits. Understand why jewellery you regularly wear away from home may need a different type of cover. See how the item’s value, where it is kept and the cover selected can affect the premium. MyGen Insurance Brokers can help you consider Home Insurance options in light of your jewellery and broader needs. Table of Contents Jewellery cover under home and contents insurance Can I insure my jewellery under my home insurance? Jewellery insurance premiums MyGen Insurance Brokers Jewellery cover under home and contents insurance In Australia, jewellery may be covered through contents insurance rather than a standalone jewellery policy. Specified contents cover can list valuable pieces mainly kept at the insured address, while portable cover may protect items taken away from home.Increasing cover for valuable jewellery Specified contents cover names individual valuables, such as a ring or watch, when the standard contents limit may not be enough. It can increase the cover available for a listed item kept mainly at home.Specified items insurance for jewellery is generally added to a contents policy, unlike standalone jewellery insurance, which is a separate policy. Cover depends on the insurer’s terms, so read the PDS for limits, exclusions and whether accidental loss is covered. Portable contents cover may apply in Australia and New Zealand, while overseas cover can be restricted to a specified period.Proof of jewellery value Proof of value helps establish a jewellery item’s worth when arranging cover. For a one-off bespoke piece, a valuation from a registered jewellery valuer can help establish its replacement value. Keep the valuation and purchase records together, and ensure the item is correctly listed on the policy schedule or certificate.These records help distinguish the insured item from similar jewellery and clarify the value used when arranging cover. For example, a valuation can describe a ring’s materials and features, rather than relying only on its original purchase price. Check that the listed details match the piece you intend to insure.Jewellery claim assessment … [Read more...] about Specified items insurance for jewellery: cover and costs