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5 Reasons You Should Insure Your Engagement Ring

“Whatever can go wrong will go wrong,” says Murphy’s Law’s classic adage. Regrettably, the classic adage holds true in various situations, especially if you don’t take the necessary procedures to safeguard yourself and your property. And while the norm dictates that you must obtain homeowners and car insurance, here are 5 reasons you should insure your engagement ring as well. 

When the unexpected occurs, whether it involves your health or your car, having insurance can save your life. We’ve all heard horror stories of homes going up in flames, flooding, or being burglarized. Catastrophes are traumatic enough, but the situation becomes even more distressing when you lose valuables that aren’t covered by your homeowner’s or renter’s insurance.

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Engagement Ring Insurance, A Must For Newlyweds

But insurance shouldn’t just cover you if you get sick or injured or your home gets damaged. So when you’re embarking on a new stage of life, getting engaged and married, you should ensure the engagement and wedding rings. 

Sure! No one wants to think that anything wrong will happen to your engagement rings, but we’re here to tell you it can! We’ve heard tragic stories of engagement rings going down the drain, getting lost at the gym or while playing sports, damaged in a fire, and stolen. There are a million things that can happen to your engagement ring. And guess what? Many homeowners’ or renters’ insurance policies don’t cover replacing or repairing it.

Luckily, there is a great option to ensure the safety of your rings – Jewelry Insurance. However, if you think jewelry insurance isn’t necessary, here are 5 reasons to change your mind.

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The Top Reasons For Insuring Your Engagement Ring. 

Safety of Your Engagement Ring 

No one wants to consider the misfortune of losing their engagement ring. But you have to think about it. What if your engagement ring got stolen or lost? Are you prepared to handle this scenario? 

It is incredibly inconvenient to replace an engagement ring that has been lost or stolen. Not only have you lost something with monetary and sentimental value, but you’ll be reminded of this reality every time you begin looking for a replacement. It’s heart-wrenching. No one wants to pay for an engagement ring twice, right? After all, it was a big chunk of change just for the first one. So we can understand not wanting to fork over more money if it was lost or stolen. 

Having an engagement ring Insurance policy is not only an economical method to tie up loose ends, but it also adds peace of mind.

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Damage Security

Do you have home insurance? Think about the reasons why you obtain homeowners insurance. Getting insurance for your engagement rings and wedding rings works the same way. It’s insurance “just in case something happens.” And if you don’t have it, you’ll be sorry if something does. 

Sometimes, prongs can become loose after regular wear, leading to stones falling out. Can you just imagine that? You’re going about your daily busy life, and your diamond stone falls out. Oh my gosh! What would you do? Die, right? You don’t want to dig into your wallet to buy a new ring or replacement diamond. If you have insurance on your jewelry, the expense won’t lie in your hands. 

Insurance to recover the cost of damaged engagement rings is a common reason for engagement ring insurance above and beyond theft or loss. Of course, it’s rare for the diamond to crack or be chipped, but having jewelry insurance is the best way to be on the safe side. You know, it’s that “just in case type insurance.” You get it for your home and car; you should also get it for your valuable jewelry!

Travel Insurance

Do you love to travel? Or have you planned a trip after your engagement proposal or for your honeymoon? Imagine what it would be like if you went on a romantic trip with your loved one as a newly married couple. Exciting, relaxing, and adventurous, right? But wait! What if something happened to your engagement ring while traveling? It will mess up your whole trip.

As most travelers confirmed, anything is possible when you are traveling. Of course, you have an option to keep your valuable ring at home while traveling, but many newlywed couples love to wear their wedding rings on their honeymoon. And we totally get it!

Engagement ring insurance will get you covered in the situation if anything wrong happens with your engagement ring during traveling. 

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Believe it or not, jewelry insurance is an investment that most individuals can make without blinking an eye. Engagement ring costs in the United States probably average somewhere around $5,000. And while it’s not the Queen’s crown jewels, you won’t want to spend another $5,000 replacing it. Jewelry insurance costs roughly 1% to 2% of the item’s value. Making that small investment now will save you the trouble of paying the total amount later if something goes wrong.

We know that it’s frustrating to have to replace an engagement ring that has been misplaced or stolen. Not only have you lost something of monetary and personal significance, but when you’re looking for its replacement,, you’ll be reminded of the sadness you felt learning it was gone. It can be painful. And tack on knowing that replacing it will also affect your bank account can be devastating. 

Engagement ring insurance exists, and it’s a relatively inexpensive method for most couples. As this comprehensive post on engagement ring insurance calls out, most Americans pay less than $15/mo for coverage. So, there’s really no reason not to have it. 


Burglaries and thefts are unavoidable. Billions of property offenses are reported in the United States each year. And can you guess what the most commonly stolen item is? Jewelry! Your engagement ring isn’t worth your life, no matter how expensive or inexpensive. So, if you’re mugged or your home is broken into, you can rest assured that your insurance coverage will protect your pricey rings and necklaces. 

When you’re joining two lives as one in wholly matrimony, one of the first decisions you should make together is to purchase engagement ring insurance. And don’t wait until after you say “I Do.” Once you pop the question and your Boo says Yes! Take the ring to a jewelry appraiser and then get it insured. We promise it will provide you with comfort and peace of mind for the rest of your life.

After all, The devotion and love your ring symbolizes are just as precious as its monetary value.