A guide to your jewellery insurance options


Jewellery carries a lot of significance for us. Your favourite piece might be an antique wedding ring, or gift from a special event like your graduation—it could even be something you bought for yourself just because.

Whatever the reason, having the right insurance can provide cover for your items in the event of accidental loss, damage or theft (at home or away). Explore your jewellery insurance options – including the ins and outs of insuring what’s precious to you.

Insuring your jewellery at home and away

We know your jewellery collection is unique—that’s why AAMI Contents Insurance offers different types of cover to suit your needs. The best part? You don’t need to own a home to protect your beloved items. Renters can get in on the action too!

Know the value of your jewellery

Knowing the value of what you want to cover is a helpful first step when deciding which insurance type is right for you. It’s also important if you ever need to make a claim – more on that later. 

At home:

Think about that gorgeous necklace sitting in your jewellery box. Even if you don’t wear it out often, you shouldn’t skimp on the protection! AAMI Contents Insurance can help protect your valuables from insured events like fire, flood, storm and theft that occur in the home. Worried about accidentally losing or damaging your bling? Consider adding Accidental Damage at Home optional cover to your AAMI Contents Insurance policy.  

Jewellery under $2,000

With AAMI Contents Insurance, jewellery and watches are covered up to the value of $2,000 per item or set. So if an intruder nicks your $500 watch (or you lose it in any other insured event in the home), you’ll be covered even if it isn’t listed specifically on your policy. But remember, there’s a $2,000 limit, so a watch worth $5,000 wouldn’t be covered for it’s full value.

Jewellery above $2,000

If you have a special jewellery item that's valued over $2,000, you may choose to specify it on your policy by increasing the item limit for an extra premium. When listed on your policy, your important items are covered up to their specified value in the event of an unforeseen insured incident.

Discover AAMI Contents Insurance

Away from home:

Have a jewellery piece you can’t leave home without? Perhaps it’s a family heirloom or your best pearl earrings. AAMI Portable Valuables Cover can be useful before you walk out the door. For an additional premium, this optional cover can insure your jewellery and watches for accidental loss or damage, as well as insured events like fire, flood, storm and theft^. And because we’re talking jewellery—you’re covered anywhere in the world for up to 30 consecutive days, as long as the items are being worn by you or in a secure safe.

Jewellery under $1,000

If you have AAMI Portable Valuables Cover, jewellery is automatically insured for up to $1,000 per item, pair, set or collection for any one incident up to the sum insured. So you don't need to individually list (specify) jewellery worth less than $1,000 on your certificate of insurance—it's covered! 

Jewellery above $1,000

With AAMI Portable Valuables Cover, you can rest easy when you take your expensive bling around the block. Just remember: if it’s over $1,000, you should specify it. All you need to do is provide a value and full description when you insure the item. If you don't and you end up needing to make a claim, the most we will pay is $1,000 per item, pair, set or collection. 

Explore AAMI Portable Valuables Cover

Need to make a claim?

When you have a Home Contents Insurance policy with us you can quickly and easily make a claim online or in the AAMI App, at a time that suits you! Check out our jewellery insurance claiming and record keeping guide for more info.

Make a claim

How do you prove the value of your fave accessory at claims time? It all depends on the specific item—but for most items, simply show a receipt or valuation certificate along with photo proof of the item when you make a claim. And if you think a jewellery item has been stolen, don't forget to notify the police and include their report in your claim. There may be minimum proof requirements for your specific claim, so read the Product Disclosure Statement to be in the know! 

A note on excesses

An excess will generally apply to all jewellery claims. AAMI’s Portable Valuables Cover excess is $100 (for specified and unspecified items). To learn more about your excess, read the Product Disclosure Statement. You’ll also get the lowdown on what’s covered and what’s not.

Bespoke replacement

Most insurers will offer bespoke replacement for one of a kind jewellery items, provided their value is specified on your policy. What this means is that your insurer can allow a jeweller to assess an item and put forward a solution for replacement. If they can make the item bespoke, it will either be reproduced using pre-existing moulds or completely from scratch.

It’s useful to keep photos (or even a 3D scan!) of all your jewellery for insurance purposes, especially if they’re unique pieces. These images will help the jeweller to replicate the item to the best of their ability.

You may not be able to insure a jewellery piece for sentimental value, but covering it may get you a replacement if your claim is accepted—and that, is the next best thing.

Read more:

^We don't insure you for bushfire, storm, storm surge, flood or tsunami for the first 72 hours of your policy. Very limited exceptions apply. Actions or movements of the sea and storm surge are not covered (unless the storm surge damage occurs at the same time as damage caused by storm). Other exclusions apply. Read the PDS for more detail.

Insurance is issued by AAI Limited ABN 48 005 297 807 AFSL 230859 (AAI) trading as AAMI. Any advice has been prepared without taking into account your particular objectives, financial situation or needs, so you should consider whether it is appropriate for you before acting on it. Please read the relevant Product Disclosure Statement before you make any decision regarding this product. The Target Market Determination is also available.