Think about all the jewelry you own. Maybe you only have one high-value piece you consider worth insuring, like an engagement ring. The rest might be worth less than $500 apiece. No big deal, right?

We don’t claim to be math experts, but that charm bracelet you’ve been adding to over the years? That baby could be worth a couple grand by the time you complete it.

So, while it may be obvious to protect your diamond earrings or your wedding band, you should consider the worth of your entire jewelry box when deciding what to protect … and what to gamble on.

Here are a few examples of not-so-obvious pieces to consider when deciding what jewelry to insure:

Grandma’s sapphire pendant

It’s not always about the monetary value. If a piece has high sentimental value, that’s a great reason to consider it as jewelry to insure.

Heirloom jewelry often represents precious memories – valueless in an appraisal, but priceless in your heart.

That antique find from your first date

Sentiment plays a part in pieces like this, but there’s another factor to consider. Antique jewelry is often irreplaceable, literally.

If you own a piece of jewelry that can’t easily (or affordably) be replicated, that’s a great reason to insure it. (And to make sure you protect it from unexpected hazards.)

Your set of stackable bracelets

Just like a charm bracelet, the stackable rings and bracelets that are on trend right now can add up in valuequite quickly.

Just one $100 bangle might not be a big deal, but if you misplace your entire collection of eight? Now we’re talking close to a grand. And if you’re anything like us, you don’t have an extra $1,000 lying around to replace them.

So, what jewelry should you insure? Ultimately, the debate comes down to risk versus reward.

How much does your jewelry insurance of choice cost? What are the deductible options? Once you have a policy, is it easy and affordable to add additional pieces?

All things considered, ask yourself:

If my jewelry disappeared today, would I be …

  • devastated about the sentimental loss?
  • afraid to wear my other uninsured jewelry?
  • unable to cover the cost to replace it?

If you answered “Yes” to any of these questions, jewelry insurance sounds like just what the doctor ordered.