How do I find the replacement cost of jewelry that was stolen for insurance?

Written by linda richard
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How do I find the replacement cost of jewelry that was stolen for insurance?
Jewellery theft is often covered by homeowner's or renter's insurance. (jewellery image by Aleksey Ubozhenko from

The FBI developed the Jewelry and Gems Program in 1992 because of the jewellery theft problem in the U.S. The program's purpose is to catch thieves who target jewellery stores, but the necessity for the program emphasises the magnitude of the stolen-jewellery problem. If you experience a jewellery theft, you no longer have the jewellery to show the insurance company, making it difficult to claim replacement value.

Skill level:


  1. 1

    Look for the original purchase receipt. This shows proof of ownership, which is necessary for the insurance company to pay the claim. It also gives you a starting point for replacement cost valuation. You need to establish a description of the item, proof of ownership and an estimate of the replacement value.

  2. 2

    Check to see if you have any photographs of the jewellery or photographs with someone wearing the jewellery. These pictures provide a visual description and are proof of ownership. They may help establish value for insurance purposes.

  3. 3

    Look for advertisements for the jewellery in the original sales brochure. Contact the maker. Most companies save sales brochures for past years.

  4. 4

    Contact the jewellery store where you bought the item and provide the approximate date of purchase. See if the store can provide you with a copy of the receipt.

  5. 5

    Check your banking records to see if you have money transfers or a check for the purchase. Also, check your credit card records if the jewellery purchase was by credit card.

  6. 6

    Read your insurance policy carefully for coverage provisions. Many homeowner's policies have a maximum coverage of £650 for jewellery, and some have a deductible. The total coverage may be less than the value of the item, but the maximum you will be able to recover from the insurer. If you have a rider or separate jewellery coverage, read the policy to see what proof is necessary for replacement value coverage. It is possible that acceptance of the item at a scheduled insured value is sufficient for an insurance claim.

Tips and warnings

  • Place an advertisement in the local newspaper with a description of the items stolen and a number to call. You may be able to recover the stolen jewellery and won't need to make an insurance claim.

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