Jewellery is a bit of a catchall word that covers a huge range of items and values. With no golden rule for working out the insurance value yourself, the best thing to do is to get every item valued individually and provide the valuations to us.

Even better, also take photos or video of your jewellery and keep them in a safe place. This is really helpful if you need to make a claim and will prove useful when replacing unique items. Giving us the valuations and proof of cost or ownership means that you will receive the full replacement value of the item. If there is no proof of cost or ownership when claiming for a jewellery item, you are unlikely to receive the full replacement value.

If you don’t supply us with individual valuations and / or proof, we have no choice but to include your jewellery items under your contents insurance cover. On our Contents Maxi Protection insurance policy, jewellery – including watches – is covered up to $2,500 per item (or set of items), with a limit of $15,000 from any one loss. Items over $2,500 should be insured separately. Other policies have different limits, so be sure to find the policy that works best for you.

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