Insurance for your Jewellery Collection
JEWeLLERY INSURANCE
Whether it’s an engagement ring, timepiece, necklace or bracelet passed town foor generations, your jewellery is a symbol of love, a keeper of special memories, and an investment. Insuring it with specialized jewellery insurance coverage ensures you protect both its financial worth and the sentimental significance, no matter what life holds.
Considering their importance and value, these treasured items require extensive jewellery insurance protection that exceeds the coverage offered by a typical homeowner’s insurance policy.
For over 15 years, Ferrari & Associates has protected high-value jewellery and now, we are proud to offer a Canadian jewellery insurance option for individuals and jewellers block insurance for jewellery businesses.
Ferrari & Associates, in partnership with our underwriters at Private Collection Insurance, understands that every jewellery piece is unique. If you have a large collection, a valuable collection or just want another insurance option for your jewellery insurance, then you’ve come to the right place.
WHy your homeowners policy is inadequate for your jewellery
While homeowner’s insurance provides general coverage, it often falls short for high-value jewellery:
Limited Coverage Amounts: Home policies typically cap jewellery coverage at a low total amount (e.g., $1,000 to $5,000), which may be far less than your item or collection’s true value.
Exclusions for Certain Perils: Your homeowner insurance policy likely doesn’t cover accidental loss (e.g., losing a ring down the drain) or mysterious disappearance. A jewellery insurance specific policy does.
Deductibles: The high deductibles of your homeowner policy may significantly reduce your reimbursement for jewellery claims. A standalone Jewellery Insurance policy does not effect your homeowners policy should you need to make a claim.
Replacement Challenges: Most home insurance policies might not guarantee repair or replacement with a comparable item. This could leave you with less than you deserve.
ADVANTAGES OF INSURING YOUR JEWELLERY
Insuring your jewellery with Ferrari & Associates provides comprehensive financial security, worldwide protection, and peace of mind, ensuring your valuable pieces are safeguarded against risks like theft, loss, or damage—so you can wear and cherish them confidently.
High Value: Fine jewellery and luxury timepieces can represent significant financial investments. Our Jewellery Insurance ensures that if something happens, you won’t face a financial loss.
True Replacement Costs: Unlike standard policies, jewellery insurance reimburses the full appraised value of your items, allowing for proper replacement or repair without compromise.
Broad Protection: Your jewellery is often exposed to risks such as theft, accidental loss, or damage daily. Our specialized jewellery insurance is designed to cover these risks comprehensively.
Unique Risks: Our insurance coverage may include scenarios that traditional policies overlook, such as losing a diamond earring, damage from wear and tear, or even loss during travel.
Worldwide Protection: Have peace of mind wherever you are with global protection whether you’re wearing your jewellery, traveling abroad, or simply storing it in a safe at home.
Coverage in Transit: Includes protection while shipping items for repair or appraisal, or when they are being transported to an event.
Everyday Confidence: Even daily mishaps, like losing a ring gardening or damaging a bracelet could be covered.
Tailored Policies: Our policy adapts to your unique needs, whether you own a single piece or an extensive collection of high-value luxury pieces.
Dedicated Underwriters: Our professionals appreciate the intricacies of fine jewellery and ensure your items are accurately assessed.
Jewellery Experts: Scroll down to learn more about our Jewellery Insurance expert, Lacey Horn’s 17+ years experience in the jewellery industry.
meet OUR JEWELLERY EXPERT
lacey horn
With over 17 years in the Canadian jewellery industry, including 10 years as General Manager of a multi-location luxury jewellery boutique, I bring extensive experience to the table.
I’m a GIA Diamonds & Colored Stones Graduate and a Graduate Jeweller CJAGJ®. Additionally, I am RIBO licensed and specialize in helping jewellery stores mitigate risks like theft and damage.
As the Business Development Manager for Jewellers Block & High-Value Collections, I help to review comprehensive security measures and insurance solutions tailored specifically to the Canadian jewellery industry.
*The information provided on this page is for information purposes only and should not be taken as insurance advice. For actual insurance advice, please fill out one of our forms, or call Ferrari & Associates at 1-888-467-8989