Ask an Agent: Should I insure my engagement ring?

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


A: 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.


What can BHS Insurance help you with? We have over 25 associates dedicated to finding the best coverage for your life, home, and auto needs. Request a quote online today.


Answered by:



     Christy Allen, Account Manager

      20 years’ insurance experience

      12 years at BHS Insurance