How do I insure my diamond ring?

If you have homeowners’ or renters’ insurance, you can purchase an extension (also called a rider) that covers your engagement ring specifically. If you don’t have homeowners’ or renters’ insurance you can take out a policy through an independent company that specializes in jewelry insurance like Jewelers Mutual.Click to see full answer. Also asked, how much does it cost to insure a diamond ring? Average Cost The yearly cost to insure your ring is $1 to $2 for every $100 that it would cost to replace. In plain English, this means that if your ring would cost $9,000 to replace, you might expect to pay between $90 and $180 per year to insure it—or slightly more in cities where the risk of theft is higher.Similarly, how do I insure my jewelry? Tips for protecting your jewelry: Make sure it is insured for the right amount. Have the item appraised. Keep a copy of the store receipt. Take a picture of the item. Keep your jewelry in a secure place such as a safe-deposit box. When traveling only bring the jewels you are going to wear. is it worth it to insure engagement ring? The general rule for insuring wedding and engagement rings is $1 to $2 for every $100 of value, paid annually. A $5,855 ring, for example, would cost around $59 to $118 per year to insure. If you live in a city where the risk of theft is higher, you can expect to pay a bit more for your coverage.Does insurance cover a lost engagement ring?A standard homeowners policy typically does not cover lost jewelry, but jewelry that’s under “schedule personal property” coverage is usually covered if it’s lost. Jewelry protection insurance also usually covers lost jewelry.