You Need Engagement Ring Insurance – 5 Reasons

engagement ring insurance

Getting engaged is really exciting. Suddenly, there is so much to do and so many people to tell! It’s easy to get swept up in the whirlwind that immediately follows the proposal, but there’s one thing you need to remember to do—more than booking the caterer, saying yes to the dress, and calling your dream venue. 

That thing is getting engagement ring insurance. It’s likely that this hasn’t even crossed your mind—after all, do you really need to insure your engagement ring? The answer is yes, and we’ve got 5 reasons why. 

Your Engagement Ring is More Than a Ring

Think about the moment you first laid eyes on your engagement ring: it’s a moment that you will likely remember for the rest of your life. An engagement ring is more than just a piece of jewelry—it’s a promise. And if your engagement ring happens to be a family heirloom, it carries a lot more than just your memories with it. While nothing can replace something truly valuable like that, you can protect it with something that can make things easier during an already stressful time. Purchasing a jewelry insurance policy – specifically, engagement ring insurance – can help you recover the value of a lost, stolen, or damaged ring, even if you can’t recover the ring itself.  

Loss & Theft of Engagement Rings

Engagement rings are precious to us, but they’re also very easy to lose—and they make attractive targets for would-be thieves. We remove our rings often throughout the day (while showering, while cooking, while washing our hands, etc.), so it’s easy to imagine a scenario in which they are lost. They could get accidentally swept into the garbage (or garbage disposal!) or fall off a counter and be kicked underneath a large appliance. An engagement ring insurance policy covers your jewelry in the event that it is accidentally lost. 

Theft is also a common way people lose possession of their engagement ring. If you’re on your honeymoon and the ring is stolen from your hotel room or luggage, a good jewelry insurance policy will cover the cost of a replacement. 

Accidents Happen

Even the most responsible jewelry owners are susceptible to accidents. Unfortunately, simply treasuring your possessions and taking care of them isn’t always enough to keep them safe. Accidents happen to the best of us, and when they do, it’s smart to have a jewelry insurance policy that fully covers the cost of a replacement for chipped diamonds, scratched gold, or damaged settings. 

Homeowner’s Insurance Doesn’t Always Cover Everything

One trap that people often fall into is thinking that their engagement ring is covered under their homeowners or renters insurance policy. And while that may be partially true, that new diamond engagement ring on your finger likely isn’t as covered as it could be. Trusting your homeowners or renters insurance to fully cover the cost of your engagement ring may not be the best idea. 

Many homeowners and renters insurance policies only cover jewelry up to a certain monetary value, nd under specific circumstances. Not only do these insurance policies often not cover the full value of your engagement ring, but the claims process can also be a nightmare. Purchasing a standalone jewelry insurance policy is the best way to ensure your jewelry is fully covered and protected. 

It’s Affordable and EASY (If You Get Zillion Jewelry Insurance)

Many people avoid purchasing special jewelry insurance policies because they’re worried the cost is too high — but what if we told you that you can protect your engagement ring starting at just over $2 a month? Engagement ring insurance is actually really affordable, and the return on investment can’t be beat when you consider the cost of replacing it outright. You might not need it every day, but if the day ever comes that you do need that jewelry insurance policy, you’ll be glad you’ve got it. 

Zillion’s engagement ring insurance process is easy — simply find a partner jeweler and tell them you want to purchase jewelry insurance. With the click of a button, you’ll get an instant insurance offer on your phone. Accepting the offer is fast and easy, and you get 10 days to make a decision about insuring the ring after you purchase it. There’s no hassle, no paperwork, no surprises, and claims are easy. 
Zillion jewelry insurance policies cover your jewelry in the event of theft, loss, accidental damage, and natural disasters. When engagement ring insurance is so affordable and practical, you can’t afford not to cover that ring! With Zillion, you do more than just wear your jewelry—you wear it with confidence.


Zillion partners with jewelers to offer their customers lower rates on jewelry insurance. If you don’t see your jeweler on our list, we’re sorry, we won’t be able to offer you a quote for insurance. If you purchased from a Preferred Jewelers International retailer please email us at and let us know the name of the retailer. Thank you.