Jewelry Insurance in Myrtle Beach, SC

What Is Jewelry Insurance?

Jewelry insurance is specialized coverage that protects valuable pieces like engagement rings, wedding bands, watches, and heirloom jewelry against loss, theft, damage, and mysterious disappearance. While your homeowners or renters policy includes some jewelry coverage, the limits are far too low to protect most valuable pieces.

Standard homeowners policies typically cap jewelry claims at $1,500 to $2,500 total—regardless of how much your collection is actually worth. A single engagement ring often exceeds that limit. Jewelry insurance fills the gap, providing full protection for pieces that matter most.

Why Myrtle Beach Residents Need Jewelry Insurance

Jewelry represents significant financial and emotional value. Between engagement rings, anniversary gifts, inherited pieces, and luxury watches, most families own at least one item worth more than their homeowners policy will pay. Here's why dedicated jewelry insurance makes sense:

• Homeowners policies have strict sub-limits. That $1,500 cap applies whether you lose one ring or an entire jewelry box. Your policy's overall coverage limits don't matter—the sub-limit does.


• Coverage for mysterious disappearance. Standard policies require proof of theft. Jewelry insurance covers pieces that simply vanish—the ring that slipped off at the beach or the earring that disappeared somewhere between home and work.


• No deductible on scheduled items. Most jewelry policies waive deductibles entirely for individually scheduled pieces, meaning full reimbursement from dollar one.


• Worldwide protection. Your jewelry travels with you. Whether you're vacationing in Pawleys Island or attending a destination wedding overseas, scheduled jewelry coverage follows.


• Agreed value settlements. Jewelry insurance pays the appraised value you and the insurer agreed upon—no depreciation, no negotiation at claim time.

What Does Jewelry Insurance Cover?

Jewelry insurance provides broader protection than standard property policies. Understanding what's covered helps you appreciate why scheduling valuable pieces separately matters.

Theft and Burglary

If someone breaks into your Myrtle Beach home and steals jewelry, or if a piece is stolen from your hotel room while traveling, jewelry insurance covers the loss. Unlike homeowners policies, you're not fighting a sub-limit that barely covers one item.

Accidental Damage

Rings get caught on things. Watches get dropped. Stones fall out of settings. Jewelry insurance covers accidental damage, including the cost to repair or replace damaged pieces. Many policies cover damage to the stone itself—something standard policies often exclude.

Mysterious Disappearance

This coverage is unique to jewelry insurance. If your ring simply vanishes and you can't explain how or where, mysterious disappearance coverage pays the claim. No police report required, no proof of forced entry—just documentation that the piece is gone.

Loss

Dropped your ring off the pier at Murrells Inlet? Left your watch at a restaurant in Conway? Jewelry insurance covers accidental loss, even when the piece is unrecoverable.

Scheduled Jewelry vs. Blanket Coverage

Jewelry insurance comes in two forms: scheduled coverage for individual pieces and blanket coverage for collections.

Scheduled jewelry coverage lists each piece separately with its own appraised value. This is the standard approach for engagement rings, high-end watches, and valuable individual items. Each piece is insured for its specific agreed value, typically with no deductible.

Blanket jewelry coverage provides a single coverage limit for multiple pieces without itemizing each one. This works well for collections of moderately valued jewelry where individual appraisals aren't practical. Per-item limits usually apply—often $2,500 to $10,000 per piece.

Most Myrtle Beach families use a combination: scheduled coverage for the engagement ring and most valuable pieces, blanket coverage for everything else.

Do I Need an Appraisal for Jewelry Insurance?

Yes. Insurers require professional appraisals to schedule individual pieces. The appraisal establishes what the item is, what it's worth, and what the insurer agrees to pay if you file a claim.

A qualified jewelry appraiser—not just a jeweler offering verbal estimates—should examine each piece and provide a written appraisal documenting the item's characteristics, quality grades, and replacement value. Several reputable jewelers in the Myrtle Beach area provide insurance appraisals.

Keep appraisals current. Gold, diamonds, and precious stones fluctuate in value. An appraisal from ten years ago may significantly understate what replacing your piece would cost today. Most insurers recommend updating appraisals every two to three years, and some require it.

Jewelry Insurance Options

You have several ways to insure jewelry in South Carolina:

Scheduled personal property endorsement: Added to your existing homeowners or renters policy. Convenient and often cost-effective, but coverage terms depend on your underlying policy.

Personal articles floater: A standalone policy specifically for valuable items including jewelry, watches, fine art, and collectibles. Often provides broader coverage than endorsements.

Specialty jewelry insurers: Companies that focus exclusively on jewelry coverage. These specialists often offer competitive rates and jewelry-specific expertise.

As an independent agency, Moore & Associates can compare all three options. The right choice depends on what you're insuring, your existing policies, and which carrier offers the best combination of coverage and price for your situation.

How Much Does Jewelry Insurance Cost in South Carolina?

Jewelry insurance typically costs between $1 and $2 per $100 of appraised value annually. A $10,000 engagement ring might cost $100 to $200 per year to insure—far less than most people expect.

Premiums vary based on the piece's value, where you live, your claims history, and the coverage terms. Some carriers offer discounts for home safes or security systems. Deductibles, if any, also affect pricing.

Given how little jewelry insurance costs relative to what's at stake, scheduling valuable pieces is almost always worthwhile. The annual premium for an engagement ring is typically less than a nice dinner out.

Filing a Jewelry Insurance Claim

If your jewelry is lost, stolen, or damaged, contact your insurance agent promptly. For theft, file a police report even if recovery is unlikely—it documents the loss. Provide your appraisal, any photos, and receipts you have.

Claims for scheduled jewelry with agreed value coverage are typically straightforward. The insurer pays the scheduled amount, and you work with a jeweler to replace the piece. Some policies let you choose your own jeweler; others direct you to partners. Ask about claim settlement options before you buy.

Why Choose Moore & Associates for Jewelry Insurance

Moore & Associates has served Myrtle Beach and South Carolina's Grand Strand since 1979. As an independent insurance agency, we work with multiple carriers to find jewelry coverage that fits your pieces and your budget.

Our local agents understand that jewelry isn't just property—engagement rings, family heirlooms, and anniversary gifts carry meaning beyond their appraised value. We'll help you document what you own, understand your coverage options, and choose protection that gives you peace of mind whether you're home in North Myrtle Beach or traveling anywhere in the world.

Get a Jewelry Insurance Quote in Myrtle Beach, South Carolina

Our jewelry insurance agents serve Myrtle Beach, South Carolina and surrounding areas including North Myrtle Beach, Atlantic Beach, Conway, Surfside Beach, Murrells Inlet, Litchfield, Pawleys Island, and Georgetown. Contact Moore & Associates today for a free quote.