CONTENT ITEMS
Jewellery and watches
COVERED
Many of us have jewellery and watches that shine, sparkle, and are of sentimental value at home, so it’s nice to know they may be covered for loss or damage due to an insured event. Find out more about cover for jewellery and watches under AAMI’s Home Contents Insurance below.
What’s covered
We cover loss or damage to watches and personal ornaments such as necklaces, rings or bracelets typically made from or containing jewels or precious metal caused by insured events. This includes antique jewellery. We have a flexible limit of $2,000 per item or set, up to a total of $5,000 for all items and sets. A flexible limit is the most we will pay for any one incident, unless you choose to increase this.
You are able to choose to increase this limit but an additional premium applies. When you do this, they become ‘Specified contents’ and are shown on your certificate of insurance. The amount shown on your certificate of insurance for the item will be the most we will pay for any one incident.
If you have valuable personal belongings that you usually carry with you away from your home, you can insure them at an extra cost for accidental loss or damage anywhere in Australia or New Zealand that occurs in and outside of your home with AAMI’s ‘Extra Cover Portable valuables’ optional cover. This can be for specified or unspecified items. Each of these optional covers comes with limits, conditions and exclusions. You can find out more information in the Product Disclosure Statement.
Remember that when you lodge a claim that includes an item valued over $3000, we will ask for proof of purchase, a professional valuation, and a photograph as a minimum.
What’s not covered
We don't cover jewellery boxes or uncut gems, unset gems, gold or silver nuggets, bullion, or ingots.
For more information on what is not covered, including other exclusions, limits and conditions that apply, read your Product Disclosure Statement.