The latest specialised jewellery insurance product promises customers unparalleled coverage for experience pieces.

SYDNEY, AUSTRALIA, July 28, 2023 /24-7PressRelease/ — Centrestone, a leading provider of jewellery insurance within Australia, has announced the launch of its specialised jewellery insurance product, offering unparalleled coverage for high-value jewellery pieces.

The average value of jewellery claims in Australia has seen a substantial 20% increase within the past three years. This surge in claim values highlights the escalating cost of replacing or repairing stolen or damaged jewellery items.

Among the various causes of jewellery loss in Australia, theft and burglary account for approximately 60% of the reported cases. This alarming statistic emphasises the need for comprehensive insurance coverage to protect individuals against such unfortunate incidents.

Understanding the unique sentimental and financial value of jewellery, Centrestone has developed this exclusive product to protect its clients against unexpected loss, theft, or damage. The insurance coverage extends to a wide range of jewellery, including engagement rings, watches, bracelets, earrings, and custom-designed pieces.

For more information about Centrestone’s new jewellery insurance policy, please visit or contact our dedicated customer service team at 1300-356-680.

“Jewellery holds a special place in our lives, often representing unforgettable moments and significant milestones,” said Lachlan Renshaw, CEO of Centrestone. “We recognised a need for comprehensive, hassle-free insurance tailored specifically for valuable jewellery items. Our jewellery insurance policy ensures our clients enjoy peace of mind knowing their prized possessions are well-protected.”

The Centrestone jewellery insurance policy offers several key features, including:

Full-value coverage, offering an agreed value and like-for-like replacement in the event of a claim
Cover of up to 150% of the insured amount to protect from increases in replacement costs
Worldwide protection for loss, damage and theft, extending coverage for travel, whether for business or pleasure.

In the event of a claim, customers can return to their preferred jeweller. Fast and pain-free claims processing, minimising the stress and delay associated with filing claims. Centrestone’s average claims processing time is less than 24 hours.

“The cost of the insurance policy will vary based on the value of the jewellery and the state of where the customer resides. Centrestone is committed to offering Australia’s premier jewellery insurance,” continued Lachlan. Our jewellery insurance policy stands as a testament to that commitment. With a customer-centric approach, we have developed a policy that is not just extensive in its coverage but also straightforward and efficient regarding claim settlements.”

About Centrestone
Centrestone is a leading insurance provider, recommended by over 1,000 jewellers throughout Australia. Known for its comprehensive and customer-friendly solutions, Centrestone is committed to helping its clients protect their jewellery for all its worth.

For the original version of this press release, please visit here