SterlingRisk Launches GemSafe® Low-Cost Jewelry Insurance

SterlingRisk Launches GemSafe® Low-Cost Jewelry Insurance

Jewelry Insurance

New coverage protects lost or damaged jewelry without impacting homeowners’ insurance premiums.

WOODBURY, April 1, 2016 — SterlingRisk Insurance, one of the nation’s top 40 independently owned insurance brokerages, has launched GemSafe®, a comprehensive coverage that insures jewelry from the moment of purchase, for claims involving lost or stolen jewelry, and allows policyholders to repair or replace lost or damaged jewelry through their own jeweler. GemSafe is available in all 50 states and automatically covers valuables wherever you take them, anywhere in the world.

“Today, people expect and demand solutions, whether it involves technology or something as fundamental as containing insurance costs,” explained SterlingRisk President David A. Sterling. “That’s why we developed GemSafe. GemSafe provides low-cost, convenience and comprehensive insurance coverage for your jewelry.”

GemSafe coverage is designed to start as soon as an individual makes a jewelry purchase, noted Sterling. “You simply go to, upload a photo of your jewelry as well as a photo of your receipt or appraisal, and complete the online application. Customer service representatives will review your application within one business day and, upon approval, activate your coverage immediately. The whole application process takes about five minutes.”

Multiple Benefits

GemSafe allows policyholders to repair or replace their lost or damaged jewelry through their own jeweler, who they know and trust, without having to visit a designated dealer. Additionally, coverage for breakage or damage to fragile items is automatically included, a benefit typically absent from homeowners’ policies. Equally impressive, GemSafe allows you to choose the coverage that best meets your specific needs, all the way up to coverage that insures jewelry valued at $30,000 and above and equals 150 percent of an item’s agreed value.

“GemSafe has some of the broadest coverage in the industry,” Sterling concluded. “In the event values change after you insure with GemSafe, you’re protected up to 25 percent more than is stated in your policy. Best of all, there are no geographic limitations. Even if you live in a state that has limited or no residential coverage for jewelry, such as coastal or weather-related higher risk areas, GemSafe is there for you. It’s a policy that gives you choices and suits your lifestyle — whether you’re insuring a new engagement ring or a collection of family heirlooms.”


GemSafe insurance policies are administered by SterlingRisk Insurance. Founded in 1932, SterlingRisk is headquartered in Woodbury, New York, with offices in New York, New Jersey, Connecticut, Florida, Utah and California. SterlingRisk services regional, national and international clients and specializes in multiple areas, including property and casualty insurance, aviation, employee benefits consulting, risk management, loss control, claims management, estate planning, and business succession planning.

More information on GemSafe is available by visiting or by calling 888-558-6050.