What engagement ring insurance does not cover?

While engagement ring insurance may offer peace of mind for many, it's important to note that most policies will not cover damage or loss under a number of circumstances. Some typical exclusions are deterioration or wear and tear, intentional loss or damage, and manufacturer defect among others. Be sure to check with your insurer to get a better sense of what is and is not covered.

How much is engagement ring insurance?

The cost of engagement ring insurance will vary depending on a few factors, including the value of your ring, your location, and the company and deductible you choose. That said, you may be able to insure your ring for as little as 1%-2% of its value. If it’s valued at $5,000, your coverage could be around $50-$100 per year.

What does engagement ring insurance cover?

Engagement ring insurance typically covers damage, loss, theft, and disappearance. However, coverage may vary by insurer, so it’s essential to compare plans to get the protection you need for your ring.

What’s the process of insuring your engagement ring?

The process of insuring your engagement ring will generally involve comparing insurance companies, getting quotes, selecting an option, getting an appraisal if needed, and obtaining coverage. Note that this process may vary depending on the insurer you choose.

What is a reasonable price for engagement ring insurance?

Engagement ring insurance generally costs around 1%-2% of a piece’s value, so anything within that range is likely a reasonable price for coverage. If the cost of coverage exceeds 2% of your engagement ring’s value, consider obtaining quotes from other companies to find more affordable coverage.

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THE 5 BEST ENGAGEMENT RING INSURANCE COMPANIES

The 5 best engagement ring insurance companies