Will Renters Insurance Cover Engagement Ring?

  1. 100 POINTS
    Tom Shallue
    Insurance Agent, Liberty Mutual Insurance, Central Texas
    It depends. What is the value of your engagement ring? Most insurance companies limit jewelry coverage to $1500-$2500. Check with your insurance provider to see what their jewelry limits are for personal property. If your engagement ring value is higher, then you will need to "schedule" that item under your renters insurance policy. Send your insurance company the appraisal document, provide a detailed description of the ring and an accurate replacement value.
    Answered on March 24, 2014
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