5 Best Jewelry Insurance Companies Heading into 2024

In this article, we are going to look at the 5 best jewelry insurance companies heading into 2024. If you want to read more about the best jewelry insurance companies and read our detailed analysis of the jewelry insurance market, you can go to 15 Best Jewelry Insurance Companies Heading into 2024.

5. American International Group Inc. (NYSE:AIG)

Market Capitalization: $48.46 Billion

American International Group Inc. (NYSE:AIG), commonly referred to as AIG, is an American multinational finance and insurance corporation with operations in more than 70 countries and jurisdictions. With a market capitalization of $48.46 billion as of January 22, 2024, American International Group Inc. (NYSE:AIG) ranks among the top 5 on our list of best jewelry insurance companies heading into 2024. It is one of the world’s leading providers of commercial and personal insurance solutions. Through Private Client Select Insurance Services (PCS), American International Group Inc. (NYSE:AIG) offers customizable jewelry insurance coverage, which includes jewelry repair and restoration damage, loss in value coverage for partial losses, pricing benefits for jewelry kept in a bank vault, and worldwide coverage, among other impressive features.

4. Travelers Companies Inc. (NYSE:TRV)

Market Capitalization: $48.71 Billion

Travelers Companies Inc. (NYSE:TRV), or simply Travelers, is an American insurance company. As of January 22, 2024, the company has a market capitalization of $48.71 billion. As one of the best jewelry insurance companies heading into 2024, it offers a Valuable Items Plus endorsement as an add-on coverage to homeowners insurance, which can offer expanded protection and higher limits on certain types of valuables. More importantly, Travelers Companies Inc. (NYSE:TRV) offers a stand-alone Personal Articles Floater (PAF), which is an itemized coverage that insures your valuables against many risks, including loss and theft. A Personal Articles Floater (PAF) policy by Travelers Companies Inc. (NYSE:TRV) can cover jewelry, watches, silverware, fine art, antiques, trophies, cameras, musical instruments, golf equipment, and even pedigree dogs, among other things.

3. Nationwide Mutual Insurance Company

Annual Revenue (2022): $56.8 Billion

Nationwide Mutual Insurance Company, commonly shortened to Nationwide, is a group of US insurance and financial services companies. With an annual revenue of $56.8 billion in 2022, it ranks among the top 3 on our list of best jewelry insurance companies heading into 2024. Nationwide offers an additional protection endorsement on top of the Private Client homeowners policy, which covers up to $25,000 for lost, misplaced, or stolen jewelry. However, for jewelry collections worth more than $25,000, you can go for the personal collections policy. If your jewelry is lost, damaged, or stolen, you can get it replaced, repaired, or receive the scheduled value of the jewelry. A personal collections policy from Nationwide Private Client will also include worldwide coverage, discounted rates for safe storage, and automatic limited coverage for newly purchased jewelry for up to 90 days.

2. State Farm Insurance

Annual Revenue (2022): $89.3 Billion

State Farm Insurance is a group of mutual insurance companies in the US. With an annual revenue of $89.3 billion in 2022, it ranks 2nd on our list of 15 best jewelry insurance companies heading into 2024. It is also one of the largest property, casualty, and auto insurance providers in the US. State Farm offers a stand-alone personal articles policy for valuable items, jewelry, keepsakes, and equipment like cameras, computers, silverware as well as sports equipment, and health-related items, such as hearing aids, prosthetics, and medical devices. Available through State Farm agents, a State Farm personal articles policy features worldwide coverage, insurance against theft or accidental direct physical damage to covered property, and repairing or replacement of your personal property, among other things.

1. Chubb Limited (NYSE:CB)

Market Capitalization: $97.44 Billion

Chubb Limited (NYSE:CB) tops our list of the 15 best jewelry insurance companies heading into 2024. It is an American insurance company incorporated in Zürich, Switzerland. As one of the world’s largest property and casualty companies in the world, it has a market capitalization of $97.44 billion as of January 22, 2024. Chubb Limited (NYSE:CB) offers jewelry insurance through its Chubb Masterpiece Valuable Articles Coverage, which is an excellent fit for those with large jewelry collections to cover. It offers flexible, worldwide coverage options that can extend to new purchases automatically for 90 days. The agreed value feature can help you cover unique pieces and the value of the jewelry will be determined upfront. For covered total losses, you will be reimbursed 100% of the agreed value as a cash settlement. Moreover, with Chubb Limited (NYSE:CB), appraisals are only required for items over $100,000.

You can also take a look at 20 Best Online Jewelry Stores In the World and 20 Most Expensive Gemstones in the World.