Who Insures the Engagement Ring?



We’re all about diamonds here at Zillion. From selecting the perfect gold engagement ring to sharing tips on how to best protect that ring while at home and away, we’re obsessed with helping you make the best choices for your jewelry.


It’s no secret that we offer comprehensive, standalone jewelry insurance policies that protect your jewelry from theft, loss, accidental damage, mysterious disappearance — even natural disasters! Our jewelry insurance is affordable and super easy to get. But one question you might find yourself asking is…


Who, exactly, buys that policy? That is, who insures the engagement ring? Does that responsibility fall to the person who purchases it, or the person to whom the ring is bestowed?


Wedding Traditions


Engagements and weddings are steeped in tradition — we’ve all heard of, “something old, something new, something borrowed, something blue.” Most people are also used to the notion that the bride’s parents are the ones to foot the bill for the wedding. This tradition dates back — WAY back — to times when a marriage dowry was still commonplace. A marriage dowry was essentially parents trying to make their daughter more appealing to potential suitors and their families. It was an old way of saying, “I will pay you to take my daughter off my hands.” Yeesh. Talk about cringey and outdated. This stuck around long after dowries fell out of practice, mostly because it was tradition and old habits die hard — and for a long time, people didn’t think to question its problematic roots.


As we all know, it’s now the 21st century. And not only do dowries not exist in Western culture anymore, but the entire idea of what weddings look like has changed. Gone are the days of groom + bride being the only image of a betrothed couple. Thanks to the Marriage Equality Act of 2015, all couples have the ability to become legally married in the United States.

These days, most people believe that couples should pay for their own wedding. Many parents often opt to pitch in for the nuptials, but it’s no longer considered a must for the bride’s parents to shell out thousands of dollars for the shindig — and considering many couples don’t include a bride at all, it’s a tradition that has definitely fallen to the wayside.


Another tradition that has slowly evolved over the years is wedding proposals. We all know the scene: The lovestruck man gets down on one knee to present an engagement ring to his girlfriend. She says yes, everyone cheers — step aside for Happily Ever After.


It’s a pretty picture, but the reality of wedding proposals has changed — women propose to men, men propose to men, women to women; people of all gender identities declare their love to one another in all sorts of ways. No matter who proposes to who, one thing is for certain: you need a jewelry insurance policy to protect that ring!


Zillion: Focus on the Ring


Here’s the bottom line: When it comes to insuring a diamond engagement ring, the person who buys the ring is typically the one who purchases insurance coverage for the ring. People often wonder how exactly the insurance policy works when it’s bought by one person on behalf of another — how do you protect something that you don’t actually possess? The good news is that at Zillion, we focus on the ring itself as the insured item. We offer outstanding, standalone coverage for jewelry even when the policy is purchased by one person for an item gifted to another. It’s a good idea to add the person who ultimately receives the ring as a co-owner on the insurance policy, but even if you don’t, Zillion insurance policies protect your jewelry so if it’s lost, stolen, or accidentally damaged, you’re totally covered.


No matter who ends up insuring the engagement ring, Zillion is here to protect that investment. We offer outstanding jewelry insurance policies that fully cover engagement rings and other jewelry. Visit our website for a free quote today!

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3000 El Camino Real, Bldg. 4, Suite 200

Palo Alto, CA 94306