What is Jewellery Insurance?

Your jewellery is more than just an accessory. It holds sentimental significance and is an extension of your personality. Whether it is the glitter of the diamonds or the allure of the gold, your treasure holds a cherished symbol of memories, milestones, and personal style. Your valuables are irreplaceable in their own way - a family heirloom, a treasured engagement ring, or a bespoke piece that reflects your unique taste - protecting these valuables is essential. Our comprehensive jewellery insurance offers peace of mind, covering loss, theft, and damage, so you can wear your precious pieces with confidence, knowing they’re safeguarded.

Factors that decide the premium of the insurance

The amount of depends upon multiple factors that influence the premium cost as well as the coverage that comes with it. Here is a look at the same:

• Number of items: First, you need to list the number of jewellery items you need protection for


• Valuation: Once you have made the list, find out the market price of the items to understand exactly what amount of money can get insured. Valuation certificates of the jewellery can be obtained from any noted jeweller. Your premium largely depend on the total sum assured.


• Research and compare: The next obvious step is to do some research about companies offering standalone jewellery insurance or provision to cover it with home insurance policy and get quotes from different insurers. Do a thorough study of the offers by reading the terms and conditions. You should opt for one that provides greater coverage with smaller premiums and less exclusion. Always keep an eye on the claim settlement ratio of the company and discounts offered by them, while doing your research.


• Extent of coverage: To reiterate, only an ‘All-Risk Cover’ will provide coverage against most of the probable perils. Some of these insurances provide 100% coverage i.e., you can get up to 100% of the cost of the jewellery items insured. The regular insurances cover only a portion of the jewellery’s value.

Why HDFC Ergo for Jewellery insurance?

HDFC Ergo is one of the leading insurance companies in the country and for good reasons. Here are the prominent reasons to opt for HDFC Ergo.

• Get access to transparent claims access without any hassles.
• Gives you access to 24/7 support.
• Flexibility of plans to cater to different needs.
• Award-winning customer service.
• More than 1.6 crore customer cases.

Documents required for Jewellery Insurance

For the claims process of jewellery insurance, you will need to furnish the following documents.

• Duly filled out the claims form.
• Copy of jewellery insurance policy.
• Report from the fire department if the claim is related to fire.
• FIR, for theft and burglary-related claims.
• Photographic or video evidence of the damages.
• KYC documents.

Claim process of Jewellery Insurance

The claims process of jewellery insurance is as follows:

• Report your insurer about the incident, loss theft or burglary of the jewellery.
• Provide an FIR with your claim, if the theft or burglary is involved is involved.
• Jewellery that is damaged or lost due to a fire, would require a report provided by the fire department.
• Provide valuation for the jewellery that is being reported.
• Submit any other documents asked by your insurance provider.
• The insurance provider will send an independent surveyor to assess the premises carry out a thorough investigation and report it back to the insurer.
• If approved, you will receive compensation for the loss or damage of jewellery in the form of a sum insured by the policy.