New to Engagement Ring Insurance?
said their engagement ring is in the top three most expensive things they owned *
would be very upset if something happened to their ring and it wasn’t insured *
What Does Engagement Ring Insurance Cover?
Jewelers Mutual protects your ring from virtually every risk imaginable. If your ring needs repair or replacement, we won’t leave you to figure it out on your own. We’ll work with your jeweler of choice to get your most cherished jewelry back on your finger where it belongs.
Losing your wedding ring can feel like losing a part of yourself. Whether it fell off at the beach or was left in a public restroom, we cover your loss so you can feel whole again.
It’s easy to feel helpless when your ring is stolen from you, but we’re here to help. In the unfortunate event of ring theft, we’ll replace your ring with a ring of the same kind and quality.
You hit your diamond ring on the edge of a countertop, and it cracks, or a prong is bent from getting caught on something. Accidents happen. We'll cover that.
Sometimes a ring just disappears—is it lost, stolen? Who knows? You can’t explain how, where or when it vanished. Don’t worry, that’s covered.
Protection from Natural Disasters
We understand natural disasters can strike at any moment, but our coverage was made for real life. If a flood, tornado, hurricane or earthquake causes your ring to get lost or ruined, you're still covered.
Go ahead. Book that Caribbean cruise or European vacation. You’re covered globally while traveling.
Your ring's value has risen due to market changes—fantastic! However, it's currently insured for less than its worth. No worries—we offer a complimentary Insurance Value Adjustment (IVA) service. In case your ring appreciates due to inflation or market shifts, we'll adjust its value to help minimize the impact of a potential loss. To ensure the best protection, remember to get updated appraisals for your jewelry. You have the option to decline the IVA service, which is only applied when your item's appraisal is more than two years old at the time of policy renewal.
Normal Wear and Tear**
Normal wear and tear refers to the gradual wearing or damage that occurs over an extended period of use. **If, for instance, your prong requires retipping or your stone needs tightening, coverage may apply based on your policy terms.
We Don't Cover
There are a few unusual situations we don't cover, including war and military action, rodent and pest infestation, intentional actions or voluntary parting, deterioration, resizing, cleaning and inspections.
How Much Does Engagement Ring Insurance Cost?
Engagement ring insurance can cost as low as 1-2% of your jewelry's value. Insurance rates are personalized and can vary depending on a few factors, like the ring's value, your location, and the policy deductible. Jewelers Mutual may offer discounts on ring insurance if you own a home security system or vault, or if your ring has been inscribed with a Gemprint identification number.
for a $5,000 ring in Chicago (60614) with a $100 deductible
for a $5,000 ring in New York (10016) with a $100 deductible
for a $10,000 ring in Orlando (32829) with a $0 deductible
for a $7,500 ring in Seattle (98107) with a $0 deductible
Engagement Ring Insurance Is Worth It If…
- You wear your ring often or worry about wearing it
- You’d be devastated by its sentimental loss
- Your ring is valued at $1,500 or more
- You're unable to cover the cost to replace it
- Your ring has a design that could be easily damaged
- Your ring's value increases over time
- You travel often or are planning to go on a trip
- You don't want to settle for a replacement of lesser quality than the original
How to Insure a Ring
Common Mistakes You Can Avoid
Waiting until it’s too late
Accidents are bound to happen. It’s important for the ring purchaser or wearer to insure the ring right after purchase to ensure it’s protected.
Confusing a warranty with insurance
While a ring’s warranty likely covers manufacturing defects, such as structural issues like an improperly placed prong, it doesn’t safeguard against real-world risks like accidental damage, theft, or loss as jewelry insurance does.
Underestimating your ring’s value
Given your ring will typically increase in value, we recommend getting an appraisal every 2 years. This helps prevent being underinsured and potential out-of-pocket expenses in case of loss.
Adding jewelry to your renters or homeowners policy
It's a widespread misconception that insuring your jewelry through your homeowners or renters policy is the best option. These policies usually provide limited coverage, often between $1,000 to $2,500. Additionally, they may not cover common risks such as loss or damage to your jewelry.
Leaving your lab grown diamond uninsured
The main difference between lab grown and natural diamonds is where they came from. If your diamond goes missing, you're saying goodbye to a significant amount of money.
Named Best Engagement Ring Insurance
We’ve been honoring and protecting jewelry for over a century. Thanks to our expertise and comprehensive coverage, we’re the best at helping you prepare for the unexpected. But don’t just take our word for it.
Learn More About Engagement Ring Insurance