- Dan Frankel
Special Jewelry Deserves Special Insurance
Updated: Jun 2, 2022
Every piece of jewelry has a story. The stunningly bold emerald earrings you gleaned from an estate sale…The vivid blue diamond pendant given by your loved one on bended-knee for your anniversary.
The hard part about having truly superb jewelry is acquiring it — enjoying it should be easy. We’ll help you rest easy with Masterpiece Valuable Articles coveage from Chubb. From the moment — be it at the local jewelry store, on a cruise to the Caribbean, or on vacation in Europe — you add a piece of jewelry to your existing itemized collection, you can wear it with confidence.
Buying or receiving a gift? Masterpiece insurance automatically covers new additions to existing collections for 90 days (up to the total limit for similar objects already itemized on your policy) in the U.S. or abroad.
Chubb Masterpiece Valuable Articles coverage highlights
Individualized coverage
We offer flexible, worldwide coverage options to meet your unique needs and cover most jewelry losses with no deductible.
Automatic coverage, worldwide
If you already have jewelry itemized on your policy, any newly acquired pieces will be covered for up to 90 days (25 percent of itemized coverage).
Liberal appraisal requirements
We only require appraisals for individual jewelry pieces valued at $100,000 or more. Otherwise, we just need a detailed description and estimated value.
Paying market value
If the market value of an item before a loss exceeds the amount of coverage, we'll pay up to 150 percent of the amount, itemized on your policy to account for increases in market value.
Agreed Value Feature
We’ll work with you upfront to determine the value of your jewelry. Then, for covered total losses, we’ll reimburse you 100 percent of the agreed value as a cash settlement.
Blanket or Scheduled Items
Protect your entire jewelry collection with blanket coverage, itemize your individual pieces, or do both. It’s up to you.
What happens if just one earring, not both, is lost?
Losing a special earring (or cufflink for that matter) is really a double loss, because you can’t wear the remaining piece by itself. That’s why Chubb provides pair and set coverage for your valuables.
While most other insurers provide coverage only for the earring or cufflink you lost, Chubb issues you a check for a new pair so they match. Just send us the remaining piece and the joy of having is yours again.
Acacia Insurance has been helping to make the unexpected uneventful since 1988, and we look forward to working with you. Please contact us with questions and for additional information.
The insurance policy, not this Web site, forms the contract between the insured and the insurance company. The policy may contain limits, exclusions, and limitations that are not detailed in this Web site. Coverages may differ by state.