Getting Engaged for Valentine's Day? Or Just Using the Holiday as an Excuse to Treat Yourself to Some Sparkling New Earrings?
Chubb Offers Advice on How to Properly Insure Your Pieces

WHITEHOUSE STATION, N.J., Feb. 9, 2018 /PRNewswire/ -- Showing one's love and affection for that special someone on Valentine's Day with the gift of jewelry is a time-honored tradition.  Increasingly, however, women are also purchasing their own jewelry rather than waiting for someone to gift them with fine jewelry for a special occasion, according to reports.

"Holiday traditions evolve and taste in rings, watches and gemstones are constantly changing," said Janece White, Senior Vice President, Chubb Personal Risk Services.  "But properly insuring fine jewelry is something that never goes out of style.  In fact, with the cost of gold, silver and precious stones increasing in value, it is more important than ever to financially protect your jewelry with the right amount and type of insurance coverage."

White, who is an expert in protecting fine jewelry at Chubb, offers jewelry owners the following tips to properly insure their pieces:

  • Know the Value: If it's a new piece of jewelry, keep the receipt to make the future appraisal process easier. The receipt notes when the item was purchased and typically gives an accurate description of the item.  In addition, if the item is a family heirloom or it has been owned for several years, get the piece appraised to know its current dollar value.  
  • Talk With Your Insurance Company or Agent or Broker: Make sure you let your insurance agent or broker know that you own jewelry or are adding to your current collection.  And, ask them if any type of documentation is required.
  • Ask Questions: Find out how much coverage is included in your homeowners or renters insurance policy, including the types of losses that are covered.  Most standard homeowners and renters insurance policies provide minimum amounts of coverage for one to five thousand dollars.  And, there would be a deductible. If there is not enough coverage, ask about getting a policy to specifically cover your jewelry.  These policies would have broader coverage to include, "mysterious disappearance." In other words, you would be covered if you lose the item. 
  • Get the Jewelry Insured: Purchase the right policy for your new piece of jewelry and also make sure your entire collection is properly covered.  If you plan to store the jewelry in a secure location, like a safe deposit box, let your insurer know.  The company may have a policy for "in vault" coverage.

For more information on this topic, Chubb offers the following resources:

About Chubb
Chubb is the world's largest publicly traded property and casualty insurance company and the largest commercial insurer in the United States. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London and other locations, and employs approximately 31,000 people worldwide. Additional information can be found at:


For further information: Laurie Taylor, Chubb, 908-903-2611, or Jeanne Salvatore, Chubb, 212-827-4445,