Never be afraid to wear it.

Whether you're recently engaged or you want to use your Rolex diver on this year's dive trip, one thing is certain – you should insure your jewelry. Even if you never take it off, that one time you do might be the day it gets lost or stolen, and the only thing worse than losing your ring is losing your ring and the $5,000, or whatever you spent on it. So, without further ado, here are some tips on insuring your jewelry. 

Tip 1: Your homeowner's insurance will only cover your jewelry under certain circumstances and may not cover it if it's lost or stolen. If you have a piece worth more than $1,500 dollars, it could be a good idea to take out an individual policy on the piece that way you have full coverage. If you have a piece that's $5,000 or more, then it's definitely worth it. Expect to pay $1 to $2 for every $100 that your piece is worth.  

Tip 2: Get insurance as soon as you can. The sooner you talk to your insurance company, the sooner you'll be protected and you can flaunt your rocks. 

Tip 3: Part of getting your piece insured is having it appraised. You want to be sure you go to a reputable jeweler for a figure that's accurate and takes into account the four C's: cut, clarity, carats, and color. We recommend Pinetree Jewelers in Parker, a mom-and-pop shop that's been in the business for over 40 years. 

Tip 4: Have your piece reappraised every two to three years. The cost of precious metals and stones fluctuate and so does the value of your piece. You never want to be underinsured in any regard, and jewelry is no exception. 

Tip 5: Revaluate your insurance needs every couple of years. Depending on the size of your collection, your insurance company might offer you a better deal. Each policy is unique but it can't hurt to ask. 

What are your thoughts? Do you have any recommendations when it comes to insuring your jewelry? Let us know in the comments below! 

Did you know these Colorado ski runs were named among the steepest in the nation?