Insuring Engagement Rings

Most homeowners and renters policies have some limited coverage for jewelry, but there are usually limitations and restrictions. Depending on the value of your ring, you may need to purchase a separate policy or add what’s known as a “rider” or “endorsement” to an existing policy to make sure you are properly insuring your engagement ring.

Our insurance partner, Grange Insurance, offers these 5 Steps to Insuring an Engagement Ring: 

Step #1: Buy the ring and keep the receipt.
Your insurance carrier may require the retail value of the ring before providing coverage, so hang on to your receipt.

Step #2: Call your independent agent.
We’ll guide you through this process including walking you through your options, helping you choose the best policy, and hopefully easing some of your nerves since you can rest assured that the ring will be protected.

Step #3: Get an appraisal.
We can also help you determine if an appraisal is needed. While a receipt is sufficient for many rings, for more expensive jewelry, your insurer may require an appraisal. The appraisal will examine all diamonds and other stones, as well as the band, to determine the value of the ring, regardless of how much you paid for it. You may also be asked to get an appraisal if the ring is an antique or family heirloom.

Step #4: Raise your limits or add an endorsement.
When insuring your ring, you have two options: raise your limits or schedule the ring as an endorsement. Homeowners and renters insurance policies include coverage for the contents of your home. However, a base homeowners policy typically limits theft of jewelry coverage up to $1,000, or sometimes just $500. Because of this, simply boosting your limits may not be enough to cover your fiancée’s new bling.

Scheduling the ring as an endorsement is another option. Although it may increase your policy’s premium cost, it provides coverage for a broader spectrum of losses. And your policy deductible doesn’t apply; this means that you could replace the ring at no additional cost to you.

When debating how to insure the ring, use your independent insurance agent as an expert resource to help you choose the best coverage for you.

Step #5: Propose!
Confidently pop the question, knowing that if the ring accidentally gets trampled in the midst of your proposal flash mob, tumbles down the stadium seats as your engagement is broadcasted on the jumbotron, or even if your fiancée finishes the slice of cake and never quite finds the ring inside… you’re covered.

Contact Us today to make sure you are properly covered.


Since 1939, Hurley Insurance has been serving the personal insurance, business insurance and life insurance needs of all of Lawrence and Scioto Counties in Ohio. A long time Grange independent insurance agency located in Ironton, OH, Hurley Insurance has deep roots in the community, and is committed to providing the highest quality local service to our clients.