5 Reasons You Need Jewelry Insurance For Your New Engagement Ring

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 insurance for your new engagement ring. 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 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 can help you recover the value of a lost, stolen, or damaged ring, even if you can’t recover the ring itself.  

Loss & Theft 

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. A jewelry 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 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 an 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 homeowner’s or renter’s insurance policy. And while that’s sort of true, that new diamond ring on your finger isn’t as covered as it could be. Trusting your homeowner’s or renter’s insurance to fully cover the cost of your engagement ring may not be the best idea. 

Many homeowner’s and renter’s insurance policies only cover jewelry up to a certain monetary value, 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 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? Insurance for engagement rings is really affordable, and the return on investment can’t be beaten. 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 insurance for engagement rings 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. Activation is easy and you get 10 days to make a decision about insuring the ring after you purchase it. There’s no hassle, no surprises, and claims are easy. 
Zillion insurance policies cover your jewelry in the event of theft, loss, accidental damage, and natural disasters. When insurance for your engagement ring is so affordable and practical, you practically 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 partners@myzillion.com and let us know the name of the retailer. Thank you.