Is My Engagement Ring Covered? How to Insure It.

Why Your Standard Policy Is Not Enough

An engagement ring often represents one of the most valuable single items in a household, yet a standard homeowners policy treats it like any other piece of jewelry, capping coverage at a sublimit that rarely reflects its worth and applying a deductible. If the ring is lost down a drain or slips off on vacation, standard coverage may not respond at all.

1. Get a professional appraisal establishing the ring’s current value and characteristics.
2. Schedule the ring on a valuable-articles floater rather than relying on the homeowners sublimit.
3. Insure at agreed value so you receive the full predetermined amount with no depreciation or deductible.
4. Confirm worldwide coverage so it is protected at home, traveling, and at events.
5. Re-appraise every two to three years, as gold and gemstone values change over time.

Frequently Asked Questions