Engagement Ring Insurance

You should consider insuring your engagement ring. You can arrange to have your rings insured before they leave the jeweler's shop.

The insurance company will ask for a written evaluation and then it is up to you to decide on the type of policy you want.

Always read and understand the fine print of your insurance policy to make sure that there are no loopholes, such as they may only replace a lost or stolen ring at the appraisal value, which may in time be a lot less than its replacement value, or the entire band may be insured if it is lost, but if the stone is lost, the company is not liable.

If it is not possible to get the coverage from one company keep looking for one that will give the needed coverage.

Another form of protection (as well as the ring insurance) is to have a good close up picture taken of the rings, with a description and specify on the back of the photo the cut, carats, and color of the stones to be insured.

If the ring is to be insured in your householder's contents policy, you may need to specify the value of the rings to be able to claim more than the set amount.


Discuss the matter thoroughly with your broker before you decide, but don't leave the decision until after the wedding.