In most cases, insuring an engagement ring is much more affordable than you think. Which is great, since protecting your jewelry is one of the best things you can do to safeguard yourself from unnecessary heartache (and financial hardship).
So, how much does it cost to insure an engagement ring?
In all seriousness, the answer is probably yes. In most cases, it is financially logical for you to insure your engagement ring.
Insuring an engagement ring typically costs 1-2% of the value of the ring, paid once each year. Some quick math tells us it would take 50-100 years of paying premiums for you to pay more in insurance than it would have cost you to replace your ring.
You researched the 4Cs; you asked your significant other's parents for their blessing, and you made one of the biggest purchases of your life - the engagement ring.
For many, the engagement ring is one of the most expensive purchases you encounter after a home or a vehicle. It's highly unlikely that you'll misplace an entire building or a car, but that tiny, precious ring might be a little nerve-wracking to keep track of.