Damage, theft, and loss are typically covered by engagement ring insurance companies.
However, coverage varies slightly from company to company.
The majority of insurance policies cover your jewelry against all risks, so your ring is protected against any danger that isn’t explicitly excluded.
Additionally, rings are typically concealed wherever they are worn, even while traveling.
When you buy engagement ring insurance, you can anticipate seeing some of the exclusions that you might find in your homeowners insurance policy.
The most notable things that engagement ring insurance typically will not cover are general wear and tear, intentional damage, and fraudulent sales.
These include incidents caused by war, intentional acts, normal wear and tear, and manufacturer’s defects.
In addition, you will be responsible for your own routine maintenance, such as resizing, cleaning, or appraisals.
