The Jewelry Box Blog

Should You Insure Your Engagement Ring?

on Jan 4, 2022 11:12 AM
Should I insure my engagement ring?

You know what they say...if you have to ask...

In all seriousness, the answer is probably yes. In most cases, it is financially logical for you to insure your engagement ring and other sentimental jewelry.

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.

Insuring your engagement ring or other jewelry simply prepares you for life's accidents, meaning if your jewelry becomes lost, stolen, damaged or simply disappears - it's covered. 

But just for fun, here's a little flowchart to help you decide on whether jewelry insurance is right for you.

Should You Insure Your Engagement Ring?

Should you insure your engagement ring?

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There are so many benefits of an insurance policy through Jewelers Mutual, but don't just take it from us! Check out what our policyholders have to say.