Is it better to insure jewellery separately?

Is it better to insure jewellery separately in Australia, yes for expensive jewellery over $5,000, standalone specialist insurance is better than home contents specified for cover and claims, though more expensive. Separate standalone from Q Report, Jewellers Mutual and Centrestone costs 1.5% to 2.5% of value per year, $10K ring $150 to $300 with $0 excess, worldwide cover, same day replacement, no depreciation, repair via jeweller network, and claim does not affect home insurance no claims bonus, while home contents specified costs 1% to 2.5% of value $100 to $250 for $10K ring plus contents premium $400 to $800, excess $100 to $500, may require jewellery kept in safe, and claim affects home no claims discount 20% reducing discount and increasing premium $80. Benefits of separate include $0 excess versus $500, worldwide including travel, no safe requirement, and specialist jeweller replacement with same quality, while contents may give cash settlement less. For cheap jewellery under $2,000, better to include in contents unspecific $1,000 per item as no extra cost. For $3K ring, cost similar $60 separate versus $45 contents, but separate better for frequent travel. So better to insure jewellery separately for expensive jewellery over $5K, Rolex $10K+ and engagement rings, as specialist cover better with $0 excess and worldwide, while for low value under $2K, contents specified cheaper and sufficient.