Engagement ring insurance is not usually at the top of a bride and groom’s list of things to take
care of in the midst of a hundred other wedding planning items. Most couples are worried more
about the location of their wedding, guest lists and what color the bridesmaid’s dresses will be.
But an often overlooked concern is what would happen if that gorgeous engagement ring gets
stolen or damaged. Let’s take a look at what engagement ring insurance covers, how much it
costs and where you should buy it.

What Does Insurance For An Engagement Ring Cover?

A basic homeowners or renters insurance policy without any endorsements typically covers
jewelry for only $1,500 in the event of theft. Because many engagement rings are valued at
$5,000 and more, you’ll want to schedule your ring on a personal articles floater policy that is
attached to your homeowners or renters insurance policy. This will specifically identify your
engagement ring as the item to be insured. It will not only cover theft of your ring, but also
mysterious disappearance and lost or damaged prongs or individual diamonds.

How Much Does Insurance For An Engagement Ring Cost?

A typical engagement ring insurance floater will cost about $1 – $2 per $100 of value per year.
So a $10,000 ring could cost $100 – $200 per year. Don’t forget to add in the initial cost of
getting an appraisal done of the ring. This will be required by most insurance carriers in order to
write a personal articles floater policy for you. Before you even get an engagement ring insurance quote, you might want to
consider purchasing a safe or vault in which to keep your ring when it’s not being worn. This
can also possibly reduce the insurance premium you pay. Just be sure to tell your insurance
agent that you have one.

Which Engagement Ring Insurance Companies Are The Best?

The best place to buy engagement ring insurance and wedding ring insurance is from the agent who currently
writes your homeowners or renters insurance policy. They’ll be able to write a personal articles
floater in conjunction with your existing policy. If you don’t have an agent you like working with
or are about to rent or buy your first place to live, contact a local independent insurance agent
who has access to several top rated insurance carriers. They will be able to provide you with
multiple quotes with which you can compare pricing and coverage.

Some of the major engagement ring insurance companies include:

  • AllState
  • Auto Owners
  • Chubb
  • Farmers Insurance
  • Firemans Fund
  • Florida Family Insurance
  • Grange Insurance
  • The Hartford
  • Olympus Insurance
  • Safeco Insurance
  • Travelers Insurance
  • Westfield Insurance


Among the hustle and bustle of planning a wedding, don’t forget to insure one of the most
emotionally and financially valuable things associated with the big day, your engagement ring.
Now that you know what it covers, how much it costs and where to buy it, take some time to get
it insured.