Love your sparkle? Insure your jewelry

INDIANAPOLIS - One of the best ways to protect your sparkliest investments is to have your jewelry appraised and insured.

Megan Wright spent four days searching her home for her missing wedding rings.

"I was physically sick over this. I overturned everything in the house that I could think of looking for them," Wright said.

After days of worrying, she finally found the rings in her closet.

"My 4-year-old daughter had been in there playing dress up. Swiped my rings, probably tried them on herself and she left them in the toe of my shoe," Wright said.

Greg Bires with Windsor Jewelry said if an item is lost, damaged or stolen, an appraisal provides a detailed description of the piece.

"If you have a vague appraisal then it's possible you'll end up with a ring, but it won't be the same quality or value you had originally," Bires said.

Experts warn that passing time can change everything.

"The pricing and value of your jewelry can and does change over time, so you want to be sure you've got it insured for the right amount. If it does end up lost or stolen you get the right return," Angie Hicks with Angie’s List said.

"Gold was $300, $400 an ounce four or five years ago, now it's $1,200 an ounce," Bires said.

An appraisal can cost between $25 and $60 an item.

"It's very affordable and creates great peace of mind in the event that your rings end up in the bottom of your shoe," Wright said.

It is important to make sure an appraiser is certified. Experts at Angie’s List suggest ensuring they are certified by the American Gem Society. Steer clear of any appraiser who charges a percentage of an item’s appraised value.

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