Why you need a jewellery valuation for insurance
Why do I need a valuation to insure my jewellery?
A valuation gives the insurer an independent, professional estimate of what a piece is worth, which sets your sum insured and supports any future claim. Without one, higher-value items are often under-insured or disputed at claim stage. Insurers generally want a valuation from a qualified jeweller or valuer, updated every few years or after major repairs.
Key takeaways
- A valuation sets the insured value and supports any future claim.
- Most insurers want it from a qualified jeweller or valuer, not an informal estimate.
- Values can move, so update the valuation periodically rather than only once.
- A valuation certificate typically describes the piece, its materials, stones and estimated replacement value.
- Keep a copy of the certificate and photos somewhere separate from the jewellery itself.
Why insurers ask for a valuation
A valuation gives the insurer a professional, independent figure for what a piece would cost to replace, rather than relying on your own estimate or an old receipt. It's what the sum insured is based on, and it's a key document if you ever need to claim.
This matters most for higher-value pieces. See our guide on jewellery insurance cost for how the valuation feeds into what you pay.
How often to update it
Jewellery values can shift over time as metal and stone prices move, so a valuation done years ago may no longer reflect what the piece is actually worth. As a general guide, many insurers expect an update every two to three years, or sooner after any resizing, repair, or added stones.
Always check your specific policy wording, since requirements differ between insurers.
What a jeweller's certificate should include
- A clear description of the item, including metal type and weight.
- Details of any stones: cut, carat, clarity and colour where relevant.
- Photographs of the piece.
- An estimated replacement value from a qualified valuer.
For a specific piece like an engagement ring, our wedding ring insurance guide covers what to have ready before you insure it.
Using the valuation to get covered
Once you have a current valuation, you can specify the item on your policy or take out standalone cover for it. Read our jewellery insurance overview for how cover is typically structured, and see watch insurance if the item in question is a watch, since insurers often treat watches similarly.
From there, get a quote using the valuation figure so you're comparing accurate cover.