How to Insure Your Engagement Ring

Immediately after saying the word “yes,” you will be wearing your ring on a daily basis. Insurance for your engagement ring can help to protect your precious new jewelry in a variety of situations, from misplacing or losing it, to theft, and damage. In this article you can find general information about insurance for your engagement ring, certain coverage options, and some of the steps you may want to take when looking for insurance for your engagement ring.

close up of engagement proposal

What is Engagement Ring Insurance?

Engagement ring insurance is an insurance policy that helps to cover your engagement ring in the event the ring is stolen, damaged, or in some cases (depending on the policy) lost. When looking for insurance for your ring, there are a few different options. The first option is to rely on your standard homeowners or renters insurance to cover your new ring in the event of an incident. This option may restrict the amount of coverage on your ring due to your policy’s limits and it may not cover as many risks as other coverage options. Another option is to add a “rider” or schedule your ring as an item to be added to your already existing homeowners or renters policy. Although this option allows for more coverage, it also typically will raise your property insurance premium, generally raising the amount you pay monthly. Last, you can purchase a separate insurance policy for your jewelry. A standalone insurance policy for your engagement ring can give you the opportunity to work with insurers that specialize in jewelry and have more flexible coverage options.

Does Homeowners Insurance Cover Jewelry?

As mentioned above, a standard homeowners or renters policy will typically only cover your engagement ring or other jewelry up to a certain amount and for certain risks. Having additional coverage through a rider on your homeowners or renters policy, or a separate standalone jewelry policy, is recommended for expensive items such as an engagement ring.

close up of diamond ring sitting on fabric

Request a Quote for Your Engagement Ring

If you are looking to get a quote for your engagement ring, reaching out to us is as simple as filling out this form. If you prefer to call one of our offices to start the quoting process, you can find a list of all of our offices here. From there, a member of our team will connect with you to get more details on your ring and the types of insurance plans you are interested in.

How Much Does Insurance for Your Ring Cost?

Insurance for your engagement ring and the costs associated with it depend on a variety of factors. In addition to the type and amount of coverage(s) you select, the following non-exhaustive list will share some of the possible factors that can play into an engagement ring insurance quote.

  • Your Ring’s Value

A more expensive ring with a higher retail value will tend to affect your policy’s costs, as it will be more expensive to replace or repair.

  • Where You Live

With each state, town, or city varying in the frequency of theft, this can affect your quote. Typically, the more theft that occurs in an area the more likely you are to file a claim, which can have an impact on your rates.

  • The Deductible You Choose

Typically, an insurer will let the policyholder choose their deductible amount, directly affecting the premium of the policy and your regularly scheduled costs. This means you can choose a lower deductible, resulting in a higher premium, or you can choose the opposite.

  • Discounts Available

Depending on your insurance carrier and the discounts they offer, you may be able to save on your engagement ring insurance costs. For example, some of the common discounts are if you have a home security system, a vault in your home, or if you have an identification number inscribed onto your ring.

How to insure Your Engagement Ring

Getting quotes for your ring is as simple as filling out some forms or making a few phone calls. The following are some suggestions for how to get insurance for your engagement ring.

  • Get an Appraisal

Having a professional appraise your ring and provide you with a detailed description is an important step to take in getting insurance for it. Appraisals aren’t necessarily always a requirement for obtaining insurance, but it is recommended. If you are ever in the position of having to file a claim, an appraisal will be very helpful.

  • Get Multiple Quotes

Shopping around for quotes is the next step of acquiring insurance for your ring. Getting multiple quotes for your engagement ring can help you compare pricing and the coverage that you will get in return.

professional jewelry appraiser looking at engagement ring


In order to protect the investment that you and your significant other have made, you should be sure to have the appropriate insurance coverage. Connect with a local insurance agent today to discuss unique features of your engagement ring and to discuss insurance options for you.


This article is for general informational purposes only and is not to be relied upon or used for any particular purpose. Cross Insurance shall not be held responsible in any way for, and specifically disclaims any liability arising out of or in any way connected to, reliance on or use of any of the information contained in this article. The information contained or referenced in this article is not intended to constitute and should not be considered legal, insurance, accounting or other professional advice, nor shall it serve as a substitute for the recipient obtaining such advice. The views expressed in this article are that of its author and do not necessarily represent the views of Cross Financial Corp. and its subsidiaries and affiliates (“Cross Insurance”) or Cross Insurance’s management or shareholders.


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