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What is Engagement Ring Insurance?

We understand that your engagement ring is one of your most prized possessions. Our comprehensive range of insurance policies give you the peace of mind to wear your engagement ring when you want and where you want.

Choose from either a standalone bespoke policy or inclusion within our high value home insurance policies. Our experienced team will provide you with the policy that best suits your needs.

Why do you need engagement ring insurance?

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, it is important you have the right level of cover in place.

An engagement ring is worn every day and is therefore vulnerable to loss, theft and above all accidental damage. A comprehensive insurance policy will give you peace of mind to enjoy wearing it no matter where you are.

Main benefits of an engagement or eternity ring policy

  • Worldwide Coverage up to 30 days included as standard.
  • Comprehensive cover for Accidental Damage, Theft, and Loss.
  • Cover available up to £1,000,000.
  • Cash or replacement option in the event of a claim.
  • No excess to pay in the event of a claim.
  • Coverage from £9.33 per month.
  • Hassle free quote and buy – takes less than 5 minutes!
  • Replacement of home security, up to £1,000, in the event of a theft from the home

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Do I need a valuation for an engagement ring?

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

Buildings that are categorised as Grade II must be renovated and kept according to the law. This is to ensure that the building will not be damaged, destroyed, or modernised.

Do you have any tips on safeguarding your engagement ring?

The safest place to keep your engagement ring is on your finger or in a bank safe. We would also recommend having a safe at home that is anchored to the ground or wall.

Engagement Ring Insurance Guide

For more information about insuring your engagement ring, you can read our Engagement Ring Guide, written by Matthew Ashton.

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 with great care, ensuring not to spill the beans on the big occasion. Whether you have not proposed yet or you do not want your partner to know the true value of the ring – don’t worry, we’ll have your back.

Are there any common exclusions on a stand alone engagement ring insurance policy?

Stand alone 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, a stand alone 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
  • Not cover watches on on their own but only as part of a jewellery and watch collection
  • Refuse to offer cover if there have been more than two jewellery claims within the previous 5 years
  • Decline to quote if the item has been owned for many years but has not been insured

Policy FAQs

Read our helpful policy FAQs to find out more about our specialist insurance policies.