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Established in 1913 and headquartered in Wisconsin, Jewelers Mutual is an established insurer that provides flexible jewelry coverage. Per its most recent annual report, the company has over $643 million in assets and is highly rated for financial stability by independent organizations. This insurer provides standalone jewelry insurance coverage, and it also offers business insurance for jewelry companies.\u00a0<\/p>\n
If you\u2019re interested in insuring your jewelry<\/a>, here\u2019s what to know about Jewelers Mutual\u2019s offerings, rates, and more. Note that all rates and fees are current as of March 11, 2024, and are subject to change.<\/p>\n Jewelers Mutual is a great option for those with a varied collection of jewelry, as it insures everything from loose stones and cufflinks to more common pieces like rings and bracelets. Many jewelry insurance companies won\u2019t insure loose stones at all, so if you have these in your collection, it\u2019s worth getting a quote from Jewelers Mutual.\u00a0We rank Jewelers Mutual as the best overall jewelry insurance company<\/a>, and the best for insuring luxury watches<\/a> like a Rolex or Cartier.<\/p>\n It\u2019s also a good choice if you\u2019re seeking relatively affordable coverage and flexible deductible options. If, for example, you\u2019re located in Boston, Massachusetts, and would like to insure a $7,500 women\u2019s engagement ring<\/a>, you\u2019d pay between $84 and $113 annually for Jewelers Mutual coverage. Deductible options range from $0 to $5,000.\u00a0<\/p>\n Many jewelry insurance companies require appraisals. While Jewelers Mutual does not, we strongly recommend getting your jewelry appraised to ensure you get adequate coverage. Unfortunately, Jewelers Mutual doesn\u2019t offer an in-house appraisal service, so it\u2019s not a good choice for those seeking the convenience of an insurer who also does appraisals.\u00a0<\/p>\n If you\u2019re interested in bundling other common insurance products outside of jewelry, Jewelers Mutual isn\u2019t the best option either. This company doesn\u2019t offer vehicle or property insurance, so it\u2019s not the right choice for consumers seeking multiple insurance coverages.\u00a0<\/p>\n This insurance company focuses exclusively on coverage for jewelry and jewelry businesses. Here are its coverage options.<\/p>\n Jewelers Mutual insures many types of jewelry, including the following pieces. Its coverage is fairly affordable, as well.<\/p>\n In addition to the above pieces, Jewelers Mutual also insures brooches, chains, charms, cufflinks, loose stones, pearl strands, pendants, sets, watches, and other types of jewelry. If your items are insured for 100% of their value, Jewelers Mutual will reimburse you that amount if they\u2019re lost, stolen, or damaged for a covered reason.\u00a0<\/p>\n If you own a jewelry business, Jewelers Mutual offers coverage that could help protect your inventory and other assets. With its jeweler\u2019s block policy, you\u2019ll get coverage for your collection as well as any pieces customers entrust to you. Its business owners policy protects your building, non-jewelry assets, income, and expenses. You can also get commercial umbrella liability protection, which provides comprehensive coverage for property damage and bodily injury liability.\u00a0Learn more about business insurance from our comprehensive guide<\/a>, in addition to the best small business insurance companies list. <\/p>\nJewelers Mutual at a glance\u00a0<\/h2>\n
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Who is Jewelers Mutual good for?<\/h3>\n
Who shouldn\u2019t use Jewelers Mutual?<\/h3>\n
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\n Pros<\/td>\n Cons<\/td>\n<\/tr>\n \n Insures a wide variety of pieces<\/td>\n Limited insurance products<\/td>\n<\/tr>\n \n Coverage is relatively affordable<\/td>\n No in-house appraisal option<\/td>\n<\/tr>\n \n Multiple deductible options available<\/td>\n No monthly payment option<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n Jewelers Mutual rates and products<\/h2>\n
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\n Jewelers Mutual product<\/strong><\/td>\n Average annual rate<\/strong><\/td>\n<\/tr>\n \n Jewelry<\/td>\n $98.50 annual premium for a $7,500 ring<\/td>\n<\/tr>\n \n Business<\/td>\n Not disclosed<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n Jewelers Mutual jewelry insurance<\/h3>\n
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\n Jewelers Mutual jewelry insurance options<\/strong><\/td>\n<\/tr>\n \n Bracelet<\/td>\n $7\u2013$8 annual premium for a $500 bracelet<\/td>\n<\/tr>\n \n Earrings<\/td>\n $10\u2013$11 annual premium for $750 earrings<\/td>\n<\/tr>\n \n Necklace<\/td>\n $13\u2013$15 annual premium for a $1,000 necklace<\/td>\n<\/tr>\n \n Ring<\/td>\n $84\u2013$113 annual premium for a $7,500 ring<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div> Jewelers Mutual business insurance<\/h3>\n
The Jewelers Mutual platform and customer support\u00a0<\/h2>\n