Lady posing with a diamond engagement ring

Your significant other has popped the question and presented you with a beautiful ring for you to wear as a symbol of your commitment. But what happens if you damage your treasured ring? Or it’s lost or stolen? We take a look at the factors you should consider when it comes to insuring your engagement ring.


Statistics released by Manchester jewellers, William May, revealed that the average person spends around £1,471.01 on an engagement ring, but this amount can quickly skyrocket dependent on your budget and preference. While it may be considered a taboo to ask your spouse about the value of the ring, it could well be worth your while. If you don’t feel comfortable asking them to relay this information, or they’re not sure, simply take the item to a jeweller to seek an expert valuation.


While anyone can lose their engagement ring, this risk increases when you’re working in a role which doesn’t allow you to wear it in the workplace, or you frequently need to remove it for sport commitments or otherwise. Think about where you store your ring when you’re not wearing it and if it’s vulnerable.

Contents insurance

If you have contents cover as part of your home insurance, your engagement band may be covered under this policy, but there are some things you should consider before relying on it as a suitable form of protection. Most home insurance policies will have a fixed limit on the amount you can claim for a single item, or for your total payout. If the value of your ring exceeds this limit, it may be worth making alternative arrangements.

Extending your home insurance

One of the ways to ensure your engagement ring is adequately protected for its financial value under your home insurance is to list it as a specific valuable item on your existing home insurance policy. Bear in mind that this doesn’t necessarily mean your ring will be covered if the incident happens away from the home. To include this as an add-on to your existing home insurance, call Jukes Insurance on 01527 874092

Specialist policy

If you have valuable jewellery items, it could be worth seeking specialist cover. Speak to a member of our team on 01527 874092 to discuss your options.

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Registered Office: 63 Broad Street, Bromsgrove, Worcestershire, B61 8LL. Registered England and Wales. Jukes Insurance Brokers is a trading style of I G Jukes & Co Ltd. We are an independent intermediary authorised and regulated by the Financial Conduct Authority. Our FCA registration number is 305796. Site designed and built by Broker Network. © Copyright 2020