Jewelers Mutual ranks top in our list for insuring expensive jewelry or watch collections due to its broad coverage with no cap limits. No need to present an appraisal when applying. Comprehensive coverage that includes preventive maintenance is available. The application process involves only minimal personal information and is accessible through an easy online platform or via a jeweler.
Another on the list is Wax Insurance. WAX offers a remarkable 150% reimbursement of the insured value and holds the record for having the lowest premiums for men's watches. The cover extends to theft, accidental damage, or potential market value increase of your watch. However, application through the website is not permitted.
GemShield provides a swift online estimation process requiring very little personal information. The coverage includes new jewelry, worldwide travel, and jewelry in transit for repair or sales. Although coverage limits may be low for high-value items, GemShield makes it up with a quick and easy application process.
Lastly, Lavalier offers numerous discounts and incentives to help save on your watch insurance. It grants discounts for security measures, unscheduled coverage endorsements, and covers new jewelry purchases. Despite having significantly higher premiums, they provide an unscheduled jewelry endorsement that allows you to insure several items worth less than $1,000 each without appraisals. Despite minor exclusions and set-backs, these companies offer the most comprehensive coverage for valuable jewelry and watch collections according to industry standards.