Polychemy Blog

Engagement Ring Insurance 101

Another option is to insure your ring through a company that specializes in jewelry insurance, which might offer more coverage than a standard homeowners policy, like replacing a lost or stolen ring rather than paying a set amount of cash.

The sentiment behind your rings is priceless, but the rings themselves can be replaced-if they're insured-in the event that something happens to them.

If you move after the wedding, make sure your "Ring rider" follows you-some couples have the ring insured at the bride's house before the wedding, but forget to add it to the policy for their new home when they move in together.

If you don't have a renters or homeowners policy, there's an alternative way to insure your ring.

Certain insurance companies offer policies through jewelers on individual pieces-just ask your jeweler if they work with an insurance company to offer ring insurance.

Questions to Ask Before You Choose a Policy Is the ring covered if you lose it accidentally-or only if it's stolen? How will the company replace the ring? With a check? Will they require you to purchase a replacement through a specified jeweler? What if it's a vintage ring or other unique piece? How will the quality and size of your diamond-and that of a replacement if needed-be documented? Is the ring insured to full cost or a fraction of it? How will you need to prove the ring vanished if you make a claim? Are there any circumstances of loss or damage that aren't covered? Average Cost The yearly cost to insure your ring is $1 to $2 for every $100 that it would cost to replace.

If you're still figuring out which ring you'll be insuring in the future, make sure to visit our ring gallery to create your very own Hint profile where you can get style recommendations, "Favorite" rings and find jewelers near you.

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