Hooray!! You are engaged!! Or maybe you’ve bought the ring and are going to be popping the question! We’re sure you are swamped with planning so we’ve taken the initiative to lay out what you need to know about insuring your engagement ring.

engagement ring insurance

Should You Get Ring Insurance?

Absolutely! Protecting your investment big or small is important. With low pricing, adding your ring to your insurance policy is not going to empty your pockets. Depending on your ring’s value there may not be a cost at all! Plus, the amount you spend on insurance compared to the amount you would have to spend on replacing a non-insured ring could be substantial. Some ring companies claim to have insurance, but beware, it is not the same as getting your ring put under your own insurance.


How it works:

Jewelry insurance goes under your homeowner’s policy. This is applicable to tenant, house, or condo insurance. The first thing you will need to do is have your ring appraised, most policies require an appraisal if your ring is valued at over $5,000. We also recommend the appraisal so that you can put the value of the ring directly on your policy. If you don’t show the value and something happens to your ring, chances are there will be a cap on your covered amount. This could potentially be a lot lower than your ring’s value.
Now that you know the basics, feel free to contact us for more questions on how we can insure your new ring! Congratulations on the engagement and happy planning!

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