(Closed) Ring Insurance

posted 6 years ago in Rings
Post # 2
1255 posts
Bumble bee
  • Wedding: City, State

Call whoever you have your renters policy and tell them you want ring coverage. It’ll be a separate policy but they will walk you through it (appraisal which you can get where you bought the ring, questions,etc.). It is pretty reasonably priced.  My ring was valued at $11k and I pay like $130 per year. 

Post # 3
446 posts
Helper bee
  • Wedding: April 2016

View original reply

I have Perfect Circle/Jewelrs Mutual and they are very reasonable. My ring alone has a pretty high replacement value (almost 10k) and I pay around $150 for a year. The yearly payment will depend on your zip code. I am in a very large city and its reasonable. In addition to, I have a regular one through the jeweler which was a lifetime on the rings upkeep. That was included with the final ring price. Its really good to have. Depending on who you have for your renters insurance, they may or may not but 90% only accept values up to a certain amount. For example – mine  RI only covers up to $2500.

Good Luck 🙂

  • This reply was modified 6 years, 4 months ago by KHane4216.
Post # 4
528 posts
Busy bee
  • Wedding: July 2016 - Long Island, NY

When I was reading on this site about insuring my ring, it seemed very reasonable and I was excited to look into it. 

When I actually got quotes from insurance companies (I tried Jewelers Mutual/My car insurance/My Fiance car insurance/Parents home insurance/random companies/etc.), the lowest quote I got was almost $500 a year! I posted a board here inquiring about it, and it seems to really depend on your location (and of course your ring appraisal value but that should be obvious lol). I live in NYC, and apparently premiums are super high because there are a lot of theft opportunity. *sigh* 

If you live in a big city, don’t be surprised that the prices aren’t less than $200 a year. 

Post # 5
3383 posts
Sugar bee

View original reply
mrs_k616:  I reccommend Perfect Circle through Jeweler’s Mutual. Depending on your ring cost, and where you live, the price will vary.  I’m in a bigger city, so its a few hundred dollars/year.  Well worth the feelings of security if anything were to ever happen, in my opinion.


A lot of times renter’s insurance only covers up to a certain dollar amount, and won’t cover for things like “mysterious disappearance” aka your ring is gone but you can’t prove someone stole it — they won’t cover for that.  Make sure you read exactly what your policy covers!

Post # 6
1511 posts
Bumble bee
  • Wedding: City, State

Get a third party appraisal of your ring first. Do not go to the same location from which the ring was purchased. Also, ask the appraiser for a Replacement Value appraisal. This is the number that is the most important because it is what one can expect to pay if the ring ever needs replaced. 

The replacement value of my ring is $18,000 and I pay $200 per year. My ring is on its own policy but is insured through the same company as our homeowners insurance. 

Post # 7
355 posts
Helper bee
  • Wedding: December 2015

I did Perfect Circle through Jewelers Mutual. My Future Mother-In-Law gave it to me, and if I ever lost or damaged it, I want to be able to repair it or replace it.

Post # 8
228 posts
Helper bee
  • Wedding: City, State

We got the insurance directly through Blue Nile, who has a partnership with Jewelers Mutual, the same Perfect Circle that others have mentioned. It was great, no need to go for an appraisal if you buy from BN and it is insured from the moment you have it. I know my SO was worried he would lose it between the moment he picked it up from FedEx and the moment I had it and eventually got it insured lol.

Post # 9
37 posts
  • Wedding: June 2015

yes, as other posters have mentioned get it appraised first by a third party. I was able to add mine to my renters insurance and it was really cheap. I have AAA and loss and theft are covered. 

Post # 10
56 posts
Worker bee
  • Wedding: October 2016 - Boston Museum of Science

Insurance was a must. I made sure that he knew he couldn’t leave the jeweler without insurance on my ring. I travel in and out of Boston on a regular basis and god fobid i get mugged or it gets stolen or slips off I want to make sure it’s taken care of. Plus, it’s very expensive not to insure. Our jeweler does free replacements of missing stones up to 1/4 ct. but the big center stone was our worry, not the tiny halo stones. 

Replacement value for the ring was $15k and we added the insurance to our renters insurance for about $120/yr. 

Post # 11
119 posts
Blushing bee

Your claim deductible will also factor into premium cost.  

Post # 12
1907 posts
Buzzing bee
  • Wedding: February 2015

Some of these prices are steep, especially $500 a year! In a few years, the ring would basically be paid for twice lol. Someone posted on another forum I frequent a much more reasonable price, but I’m not sure the value of her ring. I’ll see if I can find the details.

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