Does Renters Insurance Cover Wedding Rings?

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   Tom Sheehan

   Agency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482

   Yes it does, but talk to your Insurance Professional because usually the coverage is somewhat limited. Many policies provide basic coverage for "unscheduled" jewelry items. It is is usually limited to a particular dollar amount which can be less than the value of the piece and it is subject to your deductible. You may want to consider providing your Insurance Professional with an appraisal of the ring and asking that it be insured specifically to that appraised value. This can be done either as a rider on your Renters Policy or by a separate policy, whichever you prefer. That is the better way to go because then the piece is more fully protected, even if yo loose it (which is not covered under a renter's policy) and in most cases, there is no deductible.

   Answered on September 23, 2014

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