Is it worth buying jewelry insurance?

Is it worth buying jewellery insurance in Australia, yes for expensive jewellery over $2,000 like engagement rings $5K to $30K and Rolex watches $10K to $50K, it is worth it for $150 to $300 per year per $10K value, providing protection against theft, loss and accidental damage worldwide, which would cost $10K to $50K to replace out of pocket. For example, $10K engagement ring insurance costs $150 to $250 per year, 1.5% to 2.5% of value, so over 10 years you pay $1,500 to $2,500, but one loss costs $10K, so insurance pays for itself if one claim in 40 years. Average burglary 100K per year in Australia, jewellery target, and 1 in 10 ring owners lose ring. Without insurance, you bear full $10K to $30K loss. With insurance, you get same day replacement with $0 excess from specialist like Q Report and Jewellers Mutual, worldwide cover including travel. For cheap fashion jewellery under $1,000, not worth it as contents unspecific limit $1,000 per item covers it, and premium $50 may exceed value. For $3K ring, $60 per year worth it for peace of mind. So jewellery insurance worth it for expensive jewellery over $2,000, especially engagement and luxury watches, costing $12 to $25 per month for $10K cover, providing financial protection and peace of mind, but not worth it for low-value fashion jewellery under $1,000.