After you've purchased and appraised your ring, it comes time to insure your treasures
by getting a personal property insurance policy. We recommend getting in touch with
your insurance company that already insures your home.

Every insurance company provides you with several options to protect your property
whether it is basic coverage, all perils on building and specified contents, or all perils
on valuables and collectibles, your insurance company will guide you, using informational
pamphlets, which option is best for your needs.

For jewellery items that are valued under $1,000, we recommend using the basic home
coverage provided by your insurance company. This would cover any loss in your home
from $3,000 to $5,000. Note that this type of coverage usually involves a deductible of
about $500 when a claim is made.

Jewellery items that are valued for more than $1,000 should be listed on a separate rider
on your policy. The all perils option will help you safeguard your valuable possessions.
Items insured under this type of option are therefore no longer subject to special policy
limits and most may be covered at a reduced deductible, or with no deductible.

The approximate cost on separate rider coverage may be $1.50 to $1.75 per $100
value of your jewellery item, therefore on a $10,000 diamond ring, the cost to insure it
may be about $160 per year. (Please check with your insurance broker for current rates)

Remember:

• Provide a copy of the original appraisal to the insurance company.
• Your insurance company will remind you to update the appraisal on
  your jewellery every three to five years depending on the value of the item.
• Always have your jewellery cleaned and settings checked by your jeweller or
  stop by IGL anytime for a quick check and cleaning. This service is always free.

Coming Soon:

How to make an insurance claim?

How to safeguard your home against theft.

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