The Best Jewelry Insurance: BriteCo vs. Jewelers Mutual


If you own valuable jewelry, protecting it with insurance is a smart move. But with so many insurance companies offering policies, how do you know which one is the best for you? Don’t worry, we’ve got you covered. In this article, we’ll compare the top two jewelry insurance companies—BriteCo Jewelry Insurance and Jewelers Mutual—to help you make an informed decision.

BriteCo Jewelry Insurance: Your Best Choice

When it comes to jewelry insurance, BriteCo Jewelry Insurance stands out from the competition. They offer a unique combination of affordability, excellent coverage, convenience, and flexibility. With BriteCo, you can get an immediate online policy quote and coverage in less than 2 minutes, right from your smartphone. This makes it perfect for tech-savvy customers who appreciate the convenience of digital technology. Plus, BriteCo provides extra A+-rated coverage and offers annual value updates to keep your policy current. With all these features, it’s easy to see why BriteCo is our favored company for protecting your fine jewelry and watches.

Insurance Rating: A+ Superior

Before we dive into the specifics of each company’s policies, it’s essential to note that both Jewelers Mutual and BriteCo Jewelry Insurance have an A+ superior rating. This highest possible rating reflects their superior financial strength and ability to meet their insurance obligations. A high credit rating is a reliable indicator of their reliability in paying claims. Now, let’s compare how each company stacks up.

BriteCo Jewelry Insurance Overview

BriteCo is an innovative jewelry insurance company founded in 2017. They have harnessed the power of internet technology to provide a truly digital insurance product. With BriteCo, you can easily get a custom quote online and purchase a policy in under 2 minutes, right from your smartphone. Although BriteCo is relatively new, they have partnered with established insurance industry giants like Glencar Insurance Co., a subsidiary of Hannover Re, the third-largest reinsurance company globally. With their extensive retail jewelry experience and deep insurance expertise, BriteCo is an excellent option for your jewelry insurance needs.

Jewelers Mutual Overview

Jewelers Mutual, a more than 100-year-old insurance company, is known for its specialized jewelry insurance. They provide traditional jewelry insurance to consumers and block insurance for jewelers to cover their stores and inventory. Being the only company that insures the jewelry industry, Jewelers Mutual has a long-standing reputation. They offer some of the best direct coverage for individual policyholders, making them a preferred choice for those with unique, highly customized pieces who want to keep everything under the same policy schedule.

Pricing Comparison

One of the crucial factors to consider when selecting jewelry insurance is the price. BriteCo’s jewelry insurance typically costs between 0.5% to 1.5% of the appraised value of the item you’re insuring. This is incredibly affordable, especially when compared to other specialized jewelry insurance companies like Jewelers Mutual, where the average cost of policies ranges from 1% to 3% of the appraised value. It’s worth noting that your geographic location can significantly impact policy pricing. Unlike Jewelers Mutual, BriteCo also offers a monthly payment option in addition to a discounted price for paying annually. So, you can choose the payment plan that suits your budget best.

Coverage Comparison

Both Jewelers Mutual and BriteCo provide replacement coverage for insured jewelry items. In the event of a claim, both companies will replace the lost, stolen, or damaged item. Cash-out options are not available. Policies from both companies cover common perils such as loss, theft, damage, and mysterious disappearance with 24/7/365 worldwide coverage. Not all general insurance companies cover mysterious disappearances, so it’s essential to ensure you’re protected against this common cause of loss.

BriteCo’s standard policy includes zero or no deductibles, and they offer worldwide coverage for replacement at 125% of the insured value. This is beneficial if the value of your jewelry has appreciated since your last appraisal, as it helps avoid any out-of-pocket expense for replacement. BriteCo also updates insured values annually based on market pricing data, so you don’t have to worry about getting a reappraisal to keep your coverage current. Additionally, BriteCo covers jewelry maintenance, such as fixing bent prongs or broken necklace clasps, at no extra charge. You can even add an additional insured, like your fiance, to your policy at no additional cost.

Claims Experience

Both Jewelers Mutual and BriteCo have excellent customer reviews for their purchase and claims experience. Jewelers Mutual, with its longer history, has established itself as a reliable choice. When making a claim, both companies require an appraisal and a police report for stolen items to verify their value. The claims process can be easily managed online through their respective websites, and replacements are handled through the local jeweler of your choice. This streamlined process ensures prompt claims handling and ensures customers are satisfied with their replacements.

Get a Quote from BriteCo Today

Considering all the additional benefits that BriteCo offers, it’s evident why they are the top choice for jewelry insurance. Before making any insurance policy buying decision, get a quick quote from BriteCo. Protect your precious jewelry with a company that combines affordability, excellent coverage, and convenience. Visit to get started today.

© 2021 All rights reserved.