“Jewelry marks life’s most significant moments. We treat each piece not only as an asset but as a memory, providing coverage built on trust and understanding.”
— Angel Garcia, Customer Success Lead
Why jewelry requires its own policy
High value in small packages – Engagement rings, diamond earrings and heirloom necklaces are easily lost or stolen yet may be worth tens or hundreds of thousands of dollars.
Vulnerability to damage or disappearance – Gemstones can chip, crack or loosen from settings; clasps break; rings slip off; pearls discolor if exposed to chemicals or cosmetics.
Appreciation and fluctuating precious‑metal prices – Gold, platinum and diamonds are commodities whose values change with market conditions. Coverage should reflect current market value.
Travel and lifestyle risks – Wearing jewelry at events, during travel or while swimming exposes pieces to theft, accidental loss and water damage.
WAX Collect’s jewelry solutions
Comprehensive coverage – WAX policies cover theft, mysterious disappearance, accidental damage, natural disasters, fire, water and worldwide transit.
Scheduled or blanket options – Schedule high‑value individual pieces or insure an entire collection under a blanket policy. For blanket coverage, values are determined at time of loss up to $50,000 per item.
Agreed value and inflation protection – WAX offers agreed‑value coverage based on recent appraisals. The insurer pays the appraised amount even if market prices drop and will pay up to 150% when values have risen.
Automatic coverage for new acquisitions – New jewelry purchases receive automatic coverage (25% of category limit) for 90 days, giving clients time to schedule them.
Expert appraisals and repairs – WAX partners with gemologists and master jewelers for accurate appraisals and restoration. If a ring needs a new stone or re‑setting after damage, WAX covers the work at a qualified jeweler.
No impact on homeowners policy – Claims are handled separately and won’t raise homeowners premiums.
Proactive measures
Regular appraisals – Obtain professional appraisals every 2–3 years to reflect market changes and gemstone re‑grading.
Secure storage – Use safes and jewelry boxes; avoid leaving pieces in luggage or unattended hotel rooms. Consider a home alarm system.
Documentation and photos – Keep detailed descriptions, appraisal reports, receipts and clear photographs; they’re essential for claims and resale.
Real‑World Case Study
A client lost their engagement ring while swimming on vacation. WAX paid the agreed value and worked with a jeweler to recreate the ring using stones from the same source. Another policyholder had a pair of earrings disappear at an event; WAX covered the mysterious disappearance. Meanwhile, we know of a family whose heirloom necklace was stolen and whose homeowners policy limited jewelry coverage to $1,000, leaving them devastated.
Ready to protect your collection?
Collectors can request a quote in minutes through WAX’s digital platform, and brokers can contact us to cover everything from engagement rings to heirloom brooches.
