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Jewelry Insurance Plans 101

Knowledge is power. The following information is provided to help you make the best decisions possible about preserving and protecting your engagement and wedding rings.

Insurance Basics

Engagement and wedding ring insurance is a method of mitigating risk in the event of loss, theft, damage, or mysterious disappearance. A ring insurance policy may also cover preventative maintenance. Replacement policies will allow you to work with the jeweler of your choice to ensure that your emotional loss is as minimal as possible.

How much should insurance cost? Protection of your engagement and wedding rings should cost between .5%- 2.0% of the item's appraised value. There are several factors that will determine the exact amount, such as where you live and the cost of the item. This means you should expect to pay between 50 cents and $2 annually for every $100 of the value.

Vow, Jewelry Insurance for Engagement and Wedding Rings. Bridal Jewelry Insurance.
Vow, Jewelry Insurance for Engagement and Wedding Rings. Bridal Jewelry Insurance.

Key Considerations

Your engagement and wedding rings are likely some of your most valuable purchases. Be sure to protect them. You should get your ring insured immediately when you purchase an engagement or wedding ring.


Don’t rely on a standard homeowner's policy for coverage. Most homeowners’ policies limit their coverage of personal items to $1,000 to $2,000. That’s not enough to replace most fine jewelry engagement rings. Our research found that the average amount spent on engagement and wedding bands in 2021 was $6,113. A standard policy will leave you with a huge gap to fill.

What happens if you need to make a claim?
Make sure you can work with your local jeweler in the event of a loss or damage claim. Some insurance companies require you to get a lost or stolen ring replaced by their selected vendors. You want to be able to replace your ring with your local jeweler.

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