Diamonds can be insured through various types of insurance policies, including homeowners or renters insurance, scheduled personal property insurance, and standalone jewelry insurance.

Homeowners or renters insurance policies typically provide coverage for personal property, including jewelry, but may have limits on the amount of coverage available for specific types of items such as jewelry or high-value items like diamonds. To ensure that your diamond is fully covered, it may be necessary to purchase additional coverage or a separate jewelry insurance policy.

Scheduled personal property insurance is a type of insurance that provides additional coverage for specific high-value items such as jewelry, art, or antiques. This type of insurance typically requires that the items be appraised and scheduled on the insurance policy, and can provide coverage for loss, theft, or damage.

Standalone jewelry insurance policies are specifically designed to provide coverage for jewelry items, including diamonds. These policies typically provide broader coverage than homeowners or renters insurance policies, and may offer options such as worldwide coverage, no deductible, and coverage for loss, theft, or damage.

When insuring a diamond, it’s important to have the diamond appraised by a certified gemologist and to keep the appraisal up-to-date to ensure that the coverage amount is accurate. It’s also important to read the insurance policy carefully to understand the coverage, deductibles, exclusions, and any other terms and conditions that may apply.

Overall, insuring a diamond can provide peace of mind and protection against unexpected loss or damage, and can help ensure that the value of the diamond is fully protected.