An endorsement or stand-alone policy that safeguards your engagement ring against loss, theft, or damage is called engagement ring insurance.
Insurance for jewelry can safeguard your purchase of an engagement ring.
You can purchase a separate policy or get limited coverage through your homeowners or renters insurance policy, usually for less than $1,500.
Through an endorsement, rider, or personal articles floater, you can add more coverage.
Damage, theft, and loss are typically covered by engagement ring insurance companies.
The majority of policies, on the other hand, cover your jewelry on an all-risk basis, which means that your ring is protected against any danger that isn’t specifically excluded from your policy. However, coverage varies slightly from company to company. Additionally, rings are typically concealed wherever they are worn, even while traveling.
General wear and tear, intentional damage, and fraudulent sales are the most notable things that engagement ring insurance typically does not cover.
