Jewellery & Watch Insurance

We all love a bit of bling! Whether it’s a fancy watch collection, a wedding band, a pair of diamond earrings or a sentimental necklace passed down a few generations. Your jewellery and watches need to be protected – both when you’re wearing them and when you’re not! Get an affordable Jewellery Insurance quote from Budget Insurance and make the switch to save on cover for your bling today.  

What classifies as jewellery? 

By 'jewellery' we mean any wearable item that’s made of precious metals, and that may or may not include precious gemstones. These items include bracelets, brooches, cufflinks, earrings, necklaces, rings, watches, and more. 

Why insure your jewellery and watches? 

You don’t want to be afraid to leave your home without wearing your favourite jewellery or watch. These are the items that complete your look – from your precious wedding band and diamond earrings to your gifted necklace and antique bracelet. Not to forget your uber chic smartwatch that keeps you on top of not only the time, but your fitness, daily reminders and heartrate!  

We wear our jewellery proudly, but unfortunately, they can be stolen in muggings and other theft incidences. Apart from theft, they are small in nature and easily lost in our day-to-day activities. Rings can slip off and earrings can fall out – it happens, and we usually only notice once it’s too late.  

While we could never replace an item of sentimental value, it's comforting to know that should something happen to one of your jewellery pieces, you'd still be able to get the monetary value you deserve for it. Which is why getting Jewellery Insurance with Budget is a good idea! 

Portable Possessions & Home Contents Insurance 

Jewellery and Watch Insurance falls under both Portable Possessions Insurance and Home Contents Insurance. Portable Possessions Insurance comes standard when you take out a Home Contents Insurance policy with Budget. It includes all items that you normally carry with you (i.e., taking them out of the house) that can be lost, stolen or damaged. However, you need to have a Budget Car, Motorcycle or Home Contents Insurance policy to qualify for Portable Possessions Insurance. 

When an item is worth more than the amount stated on your schedule, it must be specified separately before if will be covered within your Portable Possessions Insurance. 

We may also require valuation certificates for claimed items that are valued higher than the amount stated on your schedule. Individual jewellery items and watches must also be stored in a securely locked SABS approved wall or floor mounted safe when not worn. 

What Jewellery and Watch Insurance covers 

Our Jewellery and Watch Insurance protects you in a range of difference circumstances. This includes damage, accidental loss and theft. In the case of damaged jewellery, we will pay for the repair, and if that’s not possible, replace the insured jewellery or watch. 

Jewellery and watches specified in your Home Contents policy will be insured while they are in your house. And items specified in your Portable Possessions policy will be insured while outside of your house.  

What Jewellery and Watch Insurance doesn’t cover 

While our Jewellery and Watch Insurance quotes are comprehensive, there are some exceptions to the cover. 

We will not cover loss of or damage to a watch caused by over-winding, leaking batteries or immersion in water. We will also not cover more than the stated amount if your jewellery or watch was stolen from the cabin or boot of a vehicle; it will only be covered if there is visible damage caused in a break-in. The same applies if your items were stolen from a securely locked SABS approved wall or floor mounted safe; there needs to be visible damage from the break-in. 

Remember, your jewellery and watches aren’t covered while you’re out the house unless they’ve been specified under your Portable Possessions policy. Make sure to always update your policy when you get new valuable items. It’s also a good idea to get valuation certificates for your most valuable items.  

Jewellery and Watch Insurance quotes

Ready to get a Jewellery and Watch Insurance quote? Our friendly consultants are ready to help you get the best deal. Give us a call on 0861 00 13 53 or leave your details and we’ll call you back at no expense to you.