Valentine’s Gifts Worth Protecting: Why Jewellery Insurance Matters for Private Clients

Valentine’s Day is often marked by meaningful gestures - and for many private clients, that can mean high-value jewellery, watches, or one-of-a-kind gifts that carry both financial and emotional significance.

While these pieces are chosen with care, they’re not always protected with the same level of thought. And that’s where proactive advice from brokers really matters.

When a Gift Becomes a Risk

From diamond rings and luxury watches to bespoke jewellery and heirloom pieces, Valentine’s gifts often introduce new exposures overnight.

Without being correctly declared and insured:

• Items may be underinsured or uninsured altogether
• Single-item limits could be exceeded
• Accidental loss or damage may fall outside standard cover

For high-net-worth clients, these gaps can quickly become costly.

Why Standard Home Insurance Isn’t Always Enough

Many private clients assume their home insurance automatically covers jewellery and valuables in full. In reality, standard policies often:

• Cap cover for valuables and jewellery
• Restrict cover outside the home
• Require specific items to be listed individually

High-net-worth insurance takes a different approach – offering tailored limits, worldwide cover, and protection that reflects how clients actually live.

The Importance of Accurate Valuations

Valuable gifts should be professionally valued and regularly reviewed. Jewellery prices fluctuate, and older valuations may no longer reflect replacement costs.

Ensuring up-to-date valuations helps:

• Avoid underinsurance
• Speed up claims
• Guarantee like-for-like replacement where possible

A Timely Conversation for Brokers

Valentine’s Day presents a natural touchpoint for brokers to reconnect with private clients. A simple check-in can:

• Prompt disclosure of new purchases
• Strengthen trust and relationships
• Demonstrate proactive, solutions-led advice

It’s not just about insurance - it’s about understanding the full picture of a client’s lifestyle.

Protecting What Matters Most

Jewellery is rarely just an asset. It’s a symbol, a milestone, a memory. Making sure it’s properly insured gives clients confidence that what matters most to them is protected – wherever life takes them.

At Iprism Private Clients, we work closely with brokers to deliver bespoke, high-net-worth solutions that reflect the true value of their clients’ possessions.