Insuring jewelry is different from your other personal possessions. Standard home, renter and condo policies generally have a $1,000 specific limit in the event of theft. You may be able to increase that amount to $3,000 with some companies; however, for an expensive piece such as an engagement ring, you probably would have a coverage gap.
Solve this problem by scheduling high value jewelry on your policy, which provides separate coverage, eliminates the deductible and provides coverage in situations not only of theft but also losing an item. Generally, it costs about $12.50 per $1,000 in coverage, so a $6,000 ring would cost about $75.00 to insure. Well worth it in case you look down and find your diamond is missing.
If you have jewelry that you'd like a quote on scheduling on your home, condo or renter policy, complete a scheduled item quote request. It takes just a minute and we'll get back to you shortly.