Q: Is it worth it to insure my engagement ring?

December 6, 2018


Yes, it is! Jewelry coverage on the average homeowner’s policy is very limited. The average coverage limit for jewelry theft in a standard policy is $1,000. Should your jewelry be lost or damaged in another way (other than theft), coverage would only come through a special endorsement on your policy. Keep in mind that the most common jewelry losses we see include items missing or stones lost because of loose prongs. A special endorsement on your policy will provide much broader jewelry coverage.

The average cost to you for special endorsements is approximately $13 per $1,000 in jewelry value and usually do not require a deductible to be paid for a claim. This cost is very reasonable for the peace of mind gained to cover loss/damage expenses for your valuable pieces. If you have questions, your agent is happy to be of service to you.

Answered by:

Christy Allen

Account Manager

20 years’ insurance experience 12 years at BHS Insurance

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