Should You Insure Your Opal Inlay Ring? Here's Why It’s Smart

Why Jewelry Insurance Is a Smart Investment for Your Opal Inlay Ring

Accidents happen. Whether it’s a hard knock on a countertop or an unexpected slip while washing your hands, opal inlay rings—while beautiful and durable—can be damaged more easily than traditional settings. At The Hileman Collection, we see many customers needing opal ring repairs or full replacements due to accidental damage or loss. That’s why we highly recommend jewelry insurance as a smart, proactive way to protect your investment.

Why Insure Your Opal Jewelry?

Opals are known for their vibrant play-of-color and natural beauty, but they also require special care. If you’ve purchased an opal inlay ring, you’ve invested in a handmade, artisan piece of jewelry that deserves protection.

Jewelry insurance can help cover:

• Accidental damage to the opal inlay
• Loss or theft of the ring
• Replacement costs
• In some cases, repairs by your original jeweler (that's us!)

Most standard homeowner's insurance policies provide limited or no coverage for high-value jewelry or may not cover damage at all. A standalone jewelry policy often offers more complete protection.

Common Jewelry Insurance Providers

Several reputable companies offer standalone jewelry policies. Here are a few you may want to explore:

• Jewelers Mutual – Offers coverage for damage, loss, theft, and even mysterious disappearance.
• BriteCo – Provides quick online quotes and includes automatic value updates annually.
• Lavalier – Specializes in fine jewelry insurance and works with local jewelers.

Disclaimer: We are not affiliated with or compensated by any of these providers. Please do your own research to find the best fit for your needs.

What Does It Cost?

Jewelry insurance typically costs around 1% to 2% of the jewelry’s appraised value per year. So, for a $3,000 opal inlay ring, you can expect to pay roughly $30–$60 annually. This small investment can provide major peace of mind if something happens to your ring.

Will Insurance Cover Repairs?

If your opal ring is damaged—say, the inlay is cracked or a piece falls out—many insurance policies will cover the full cost of having your ring repaired by your original jeweler. At The Hileman Collection, we offer opal ring repair services and can work directly with most insurance providers. Be sure to ask your insurer if they allow you to select your own repair jeweler.  You don't want a jeweler with limited inlay experience working on your treasured opal jewelry.

Things to Keep in Mind

• You may need a recent appraisal for coverage.
• Some insurers only cover certain types of loss, so read the fine print.
• Choose an insurer that allows repairs by your original jeweler (like us!).

Final Thoughts

Your opal inlay ring is more than just a piece of jewelry—it’s a one-of-a-kind expression of your style and story. Insurance helps ensure that if the unexpected happens, your investment can be restored or replaced without major financial stress.

To learn more about opal ring repairs or to request an insurance quote, contact us directly at The Hileman Collection.