Engagement Ring Insurance: What You Need to Know

As soon as you say yes, you’ll have a shiny new addition to your left hand. You might not think too much about insurance for your engagement ring at such an exciting time, but great rings come with great responsibilities. To learn more, go to centrestone.com.au.

Engagement Ring Insurance: How Do You Get It?

An engagement ring insurance policy can protect you from financial repercussions if your engagement ring is lost, stolen, or damaged. Jewelry items submitted by the policyholder are usually covered by the policy and are either replaced, repaired, or reimbursed.

A lost ring can be replaced, but how? And what if it’s lost or stolen? What can be done about it? Keep your rock safe by not allowing it to be stolen or lost. You can protect your ring with the right ring insurance, whether you accidentally left it on the beach or lost it at the gym. Tyler Krowiorz, an insurance expert, says it is worth insuring your ring if you would be upset if it was lost, damaged, or stolen.  If you can’t afford to replace the ring or would be devastated by loss of sentimental value, fear wearing uninsured jewelry, or are concerned about the cost of replacing the ring, it is a good idea to insure the ring. If you are looking for engagement rings, GS Diamonds have an amazing selection of engagement rings to choose from in Brisbane.


Tyler Krowiorz has been focused on brand marketing since 1913 , when he worked for Jewelers Mutual Insurance. Crowierz has worked at the company since 1992.

With our comprehensive engagement ring insurance guide, you can finally buy that ring you’ve been eyeing for a long time, and Krowiorz explains how you can ensure you’ll never have to worry about how life will treat it. Discover everything you need to know about ring insurance here.

Engagement rings and insurance

Variables and factors will be considered, including your home and auto policies,” notes Krowiorz. Insurers with lower deductibles or no deductibles will always charge higher premiums. If you live in a high theft area, the cost will be higher.

According to Krowiorz, insurance costs generally range from one to three percent of the item’s value, but they vary with specific risk characteristics. Due to this, you should expect to pay $1 to $3 per $100 in jewelry. Depending on the size of the bauble, you will pay anywhere between $100 and $300 in annual fees.

You can protect your engagement ring with these tips

Take out an engagement ring insurance policy as soon as possible

Having purchased the ring and having it in the possession of your fiancé (or fiancée), it can be insured as you would an automobile before driving it off the lot. Perhaps you do not consider that anything could happen to the sentimental and precious token you cherish, but the sooner you insure it, the more protected you will be. After you and your partner purchase the policy, you can begin hunting for ring insurance. Krowierz contends that timelines can vary based on the circumstances of a particular case.

In the event of an underwriting review, coverage can be provided immediately or it can take two to four business days following submission of an application, appraisal, and sales receipts.

Also read: How To Pay Off Debts Faster

Providers of coverage should be chosen

Engagement rings (or other valuable items) can be insured in two ways: via a policy or a ring box. There are several insurance plans that offer riders (also known as extensions) that shield your engagement ring from theft or damage. It is important to keep one thing in mind. The homeowner’s policy can be affected by a jewelry claim filed under it, according to Krowiorz. In the case of loss or theft of your engagement ring, your homeowner’s policy eligibility or premium may change.