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Looking for engagement ring insurance? Our expert range of five ring insurance policies gives you the peace of mind to wear your engagement ring when and where you want. Whether it’s a purchase from Boodles, Graff, Tiffany, Cartier, Beaverbrooks or any other, our engagement ring insurance coverage means you’ll sleep better at night.

What does engagement ring insurance cover?

Our engagement ring insurance policy covers the following but can be made completely bespoke to your individual needs.

  • Replacement of home security, up to £1,000, in the event of a theft from the home
  • Instant cover available whilst waiting in the jewellers
  • Worldwide coverage is the standard, with no limit on travel
  • Accidental damage, theft, and loss as standard
  • Cover away from the home as standard
  • Cover available up to £10million
  • The item is fully covered if it is being repaired or restored by an approved jeweller
  • Cash or replacement option
  • Loss of stones or diamonds
  • No excess to pay in the event of a claim
  • Premiums start from £58.60 for the year
  • Valuations dated within 5 years of policy inception accepted
  • Hassle-free quote and buy – takes less than 5 minutes!

What is engagement ring insurance?

Engagement ring insurance is a standalone insurance product which protects your ring. With Stanhope, you can choose from either a standalone bespoke policy or inclusion within our high-value home insurance policies. We will offer a recommendation depending on your unique requirements. In other words, our experienced team will provide you with the policy that best suits your needs.

Luxury protection, instant cover available

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Why do you need engagement ring insurance?

According to our engagement ring insurance guide, buying or receiving an engagement ring is one of life’s special occasions. If you are going overseas to propose or are planning a long engagement, you must have the right level of cover in place.

A standard home insurance policy will not cover any jewellery outside the home; you must add personal possessions at an extra cost. If your ring is valued over £10,000, most household products cannot cover it.

An engagement ring is worn every day and is vulnerable to loss, theft, and, above all, accidental damage.

Find out how much engagement ring insurance costs using our calculator.

Why choose Stanhope for engagement ring insurance?

At Stanhope, we’re specialists in bespoke luxury insurance, with a wealth of expertise insuring all sorts of luxury items from engagement rings, to watches, to high value homes. With us, you get instant access to industry experts, people who know their craft and embody our values.

We believe that everyone should have the chance to get reliable insurance at a great price, so we make sure our prices are realistic from the very start. And that’s no different for ring insurance, which we love due to the story that each policy holds for our customers.

Also we have a range of additional experience:

  • 17 years of specialist engagement ring, jewellery, and high-value home experience
  • Choose between three standalone insurers and five products we have to offer
  • 2,8300+ 4.8 Star Reviews on Reviews.IO and Google Reviews
  • Clear advice and recommendations based on your circumstances
  • Award High Net Worth Broker of the Year 2025 at the UK Broker Awards

Get up to five quotes online, within minutes

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No Claims Discount Available at First Renewal with Stanhope

What coverage limit is offered on your comparison site?

Our comparison site caters for engagement rings from £1,000 in value up to £500,000, and everything in between. We built it this way, ensuring that getting specialist engagement ring insurance couldn’t be easier.

What is the basis of settlement, and why is it important?

Typically, most household insurance products will replace an engagement ring with a gemcard voucher at the point of claim. You can only replace a lost or stolen engagement ring at certain stores nationwide, reducing the likelihood of a like-for-like replacement. With a specialist engagement ring policy, you will benefit from a flexible basis of settlement, including:

  • Have your item repaired or restored if possible, or
  • A replacement of an item, as per the approved valuation document issued to us or
  • A cash financial settlement up to the amount on the schedule if a replacement is not possible (details of cash settlement vary depending on the product selected).

In other words, with a specialist engagement or eternity ring policy, you’ll be put in the same position as before the loss, should the worst happen.

Our claims are handled on a dedicated Stanhope claims helpline, ensuring the best possible service.

 

Engagement Ring Insurance Guide

For more information about insuring your engagement ring, including whether it is best to do this on its own or as part of your home insurance, you can read our Engagement Ring Guide, written by Matthew Ashton.

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Engagement Ring Insurance FAQ’s

Will you help me keep this a surprise?

In short, yes! Many clients contact us before they propose to their partner. We handle each enquiry carefully, ensuring we do not spill the beans on the big occasion. Whether you have not proposed yet or do not want your partner to know the actual value of the ring – don’t worry; we’ll have your back.

Do you have any safeguarding tips for my engagement ring?

The safest place to keep your engagement ring is on your finger, in a cash-rated home safe, or in a bank safe. We recommend having a safe at home anchored to the ground or wall should it be needed when it’s not worn. That said, a safe requirement usually kicks in when an individual item’s value exceeds £50,000.

Do I need a valuation for an engagement ring?

If you claim an insurance policy for loss, damage or theft, you will be asked to provide a valuation or receipt. It is best to have a valuation certificate for a high value item like an engagement ring. The price of diamonds and gold often fluctuates, so you don’t want to rely on your receipt to see if your jewellery item has increased in value since you purchased it. We recommend obtaining a professional jewellery valuation from a professional guild or union member. You can also get a valuation from a specialist or high-street jeweller.

What are the common exclusions on an engagement ring policy?

Standalone insurance policies attract, for the most part, much lower annual premiums than standard household insurance policies. Which, when combined with the high risk of accidental loss away from the home, attracts increased underwriting scrutiny. As a result, standalone insurance will typically:

  • Not offer cover for those aged under 21
  • Exclude items when an approved valuation cannot be submitted within 28 days of policy inception
  • Refuse to offer cover if there have been more than two jewellery claims within the previous five years
  • Decline to quote if the item has been owned for many years but has not been insured

Can you cover me if I live at a different address to my fiancée?

Yes, we can. We will put your fiancée as the main proposer on the insurance schedule and their address as the risk address. We will note your address as the correspondence address, alongside your email address and telephone number, to ensure all correspondence gets sent to you!

What types of engagement rings do you insure?

We provide insurance on a wide variety of rings, ranging from new, vintage, custom made and more. Whatever ring you want to buy for your loved one, we can insure it. A few of the rings we insure include:

  • Diamond rings
  • Vintage rings
  • Rings with gemstones
  • Rings with synthetic diamonds (yes, you can actually insure a lab-grown diamond)
  • Custom-made rings.

Can I pay for my policy on a monthly instalment basis?

Yes, you can but only when the premium is over £1,000. To do this you’d need to call the jewellery team on 01730 771197 after getting your online quotation.

Is Stanhope the insurer?

Stanhope are the broker or facilitator, helping to place you with the right insurance product based on the answers to your questions online. We have five insurance products available on our comparison site, provided by Chubb, SCOR and Ant Insurance.

Do I make a claim online if I insure my items through Stanhope’s comparison site?

Yes, you do. The claims process information is sent with your cover pack which outlines how to complete our online claims form.

Should I insure my jewellery through your comparison site or keep it with my household insurance?

Part of our service is to solve this insurance conundrum for you. If you’re looking to split your jewellery insurance away from your buildings and contents insurance, you’re better off calling our team on 01730 777600 to get impartial and informed advice. Having access to both high-value home and stand-alone jewellery insurance products can save you a lot of time.

Allowing us to gather your entire risk information allows us to look at a mixture of jewellery, watch, art, contents and buildings insurance solutions.

So, if you’re looking to split your insurance, call us on 01730 777600 or complete a high-value home quote form online.

Check our our engagement ring insurance blogs

*Minimum annual and monthly premium available from our ANT Insurance product. Includes 12% IPT and £25 broker fee. Monthly premium fee includes 0% deposit followed by 10 monthly payments with a 9.1% interest rate. Minimum premiums are subject to terms and conditions.

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