Everything You Didn't Know About Insuring Your Engagement Ring

Congratulations! You’re engaged, you’ve shared the great news with everyone you know, and you can’t stop staring at the gorgeous new ring on your finger. Now that you’re getting ready to start dreaming up your wedding, it’s important not to forget one critical step—getting that shiny new ring insured!

Photo by Getty Images

Jewelers Mutual Insurance Group, the only insurance company in the US focused solely on jewelry (and the company our founder used to insure her ring!), filled us in on what you should know about protecting your new favorite thing.

1. A basic insurance policy may not be enough.
Don’t settle for standard insurance to protect your not-so-standard ring. Your basic homeowners or renters insurance policy might not include jewelry damage, whereas an insurer that specializes in jewelry will have you covered. Find out before it’s too late.

2. Look for coverage that includes loss and disappearance too.
Your engagement ring goes everywhere you do. You aren’t always relaxing and staring at your hand 24/7. Luckily, Jewelers Mutual Insurance Group covers not only loss and damage, but also theft and mysterious disappearance (aka “gone with no idea what could have happened to it”). Your insurance protects your ring no matter where you lose it—in your own home or anywhere in the world.

3. Accidents happen—your policy should fix those too.
You live in your jewelry—it’s made to be shown off! Wear and tear on anything is natural, especially something that you have with you constantly. Repairs to fix loose stones and bent prongs should be part of your insurance, as they can help keep your gemstone safe from loss.

4. The jeweler you work with should be your choice—and yours alone.
If your homeowners or renters policy does cover jewelry, they may require you to use only jewelers or replacement companies in their network, or call around for quotes and submit a claim. Jewelers Mutual Insurance Group knows that losing or damaging a ring is hard enough and works with your specific jeweler—no need for estimates.

5. You deserve an equivalent replacement.
You won’t end up with a totally different ring if you lose or damage yours. Jewelers Mutual Insurance Group makes it their goal to repair your damaged ring or replace your lost one, helping to ensure the new ring is virtually indistinguishable from your first, all the way down to the 4Cs. Rest assured: No one has to know about this but you.

Image 2 of Everything You Didn't Know About Insuring Your Engagement RingPhoto by iStock

No matter what happens to your ring (though we’re keeping our fingers crossed nothing ever does!), Jewelers Mutual Insurance Group gets it. They’ll be there to work with you and your jeweler and help ease what could be a stressful and emotional experience.

This sponsored post is happily brought to you by Jewelers Mutual Insurance Group.