Fashion and Beauty

How to Insure an Engagement Ring: The Ultimate Guide

You will be able to add a shiny new addition to your left hand as soon as you say yes. When you are so ecstatic, you might not think about ring insurance too much, but great rings carry great responsibility. You can find out more at

Are you looking for engagement ring insurance?

In the unfortunate event that you lose, steal, or damage your engagement ring, an engagement ring insurance policy can protect you from financial ruin.  Policyholders can usually submit jewelry items for replacement or repair, or be reimbursed if they lose them due to damage.

Replacements for lost rings are possible, but how? What happens when someone steals them? Do you have any options? You should prevent your rock from being stolen or lost altogether. If you accidentally left your ring on the beach or lost it at the gym, you can protect it with the right ring insurance. A ring insurance expert, Tyler Krowiorz, recommends that you do so if losing, damaging, or stealing your ring would be upsetting to you. Insuring your ring may be a good idea if you cannot afford to replace the ring or would suffer a great deal from loss of sentimental value, are concerned about wearing uninsured jewelry, or are concerned with the cost of replacing the ring.


In 1913, Tyler Krowiorz started working for Jewelers Mutual Insurance as a brand marketing specialist. Tyler has been with Jewelers Mutual Insurance since 1992.

Krowiorz shows how you can make sure you’ll never have to worry about how life will treat that ring you’ve been eyeing, and how you can get the best price on engagement ring insurance. We have all the information you need regarding ring insurance right here.

An engagement ring and an insurance policy

We will consider a number of variables and factors, including your auto and home policies,” says Krowiorz. A policy with a low deductible or no deductible will always require a higher premium. It will cost more if you live in an area that has a high theft rate.

Krowiorz states that insurance costs are typically one to three percent of the item’s value, but they fluctuate depending on the risk characteristics. Consequently, you can expect to pay between $1 and $3 per $100 of jewelry. Annual fees for baubles range between $100 and $300 depending on their size.

With these tips, you can protect your engagement ring and keep it in good condition.

As soon as possible, get a policy for your engagement ring

As soon as you purchase the ring and have it in your fiancé’s (or fiancée’s) possession, you should have it insured before taking it off the lot. Although you may not realize it, the sentimental and precious token you treasure could be damaged. The sooner you insure it, the better protected you will be. It is possible to begin the search for ring insurance as soon as you and your partner purchase the policy. The timelines for a particular case can vary depending on a number of factors, according to Krowierz.

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Following the submission of an application, appraisal, and sales receipts, coverage can be provided immediately or it may take two to four business days to complete an underwriting review.

It is important to select a provider of coverage

An engagement ring (or other valuable item) can be insured in two ways. These two ways comes in a ring box or through an insurance policy. You can protect the ring from theft and damage with riders (also called extensions) to several insurance plans. You should be aware of one important point. According to Krowiorz, a jewelry claim filed under your homeowners policy may affect your insurance. Depending on the circumstances, your homeowner’s policy eligibility or premium may change in the event of loss or theft of your engagement ring.

 Insurance for Rings: The Bottom Line

It takes a lot of time and effort to plan a wedding and lay the foundations for a future marriage for engaged couples. If you hadn’t insured your ring when it was in your possession, you’ll wish you had done so. A wedding or engagement ring can be worth protecting, as well as the peace of mind that comes with it.

Zuhair Mujahid

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