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Quick Guide to Engagement Ring Insurance

Last updated on March 06, 2023

You’re busy, that’s for sure. With an engagement ring to purchase and a wedding looming in your future, now is not the time to get bogged down in details and paperwork.

And yet, some details are incredibly important. Take engagement ring insurance, for example. Finding jewellery cover may sound like one more item on your to-do list, but it can save you headaches, heartaches, and thousands of dollars down the line.

In this quick guide to engagement ring insurance, we outline everything you need to know about keeping that sparkler safe and sound. Ten minutes from now, you can have a solid understanding of jewellery insurance, as well as a customised online quote!


Why Bother with Engagement Ring Insurance?

For most of us, an engagement ring is the most expensive piece of jewellery we’ll own. It can be intimidating to wear. Especially at first, it can feel like babysitting a newborn.

Thoughts of losing or damaging your ring can cause serious stress. That’s why engagement ring insurance is so important. 

Your engagement ring brings romance to your life. As you type your reports at work, scramble eggs in the morning, or ride your bicycle on the weekend, you can glance down and admire your rock. It’s a constant reminder of your love and commitment to one another.

With JewelCover engagement ring insurance, you can wear your ring with confidence, knowing it will be repaired or replaced if the unexpected happens.


Where is My Ring Covered?

Specialised ring insurance isn’t the only method of protecting jewellery, but it’s the most comprehensive. For example, your contents policy probably provides some protection for your engagement ring, but it might not cover it while the ring is away from your home. Additionally, your contents policy likely has a per-item limit that is insufficient for replacing a diamond engagement ring.

With JewelCover insurance, your ring is covered anywhere you go. If you lose it on your honeymoon in Bali, it’s still covered. If you drop it down the drain in your home, it’s covered there as well.


Can I Return to My Jeweller?

You probably chose your jeweller for specific reasons. Maybe you love her design aesthetic, or perhaps the craftsmanship is incomparable. Whatever the reason, you’ll want to return to your jeweller for repairs or replacement if you have to make a claim.

With some forms of jewellery insurance, however, you’ll have to go to a jeweller chosen by your insurer. We don’t think you should have to settle for this option. With JewelCover, we’ll work with your jeweller to make sure your engagement ring is properly restored to you as if nothing ever happened to it.


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What Hidden Fees Should I Expect?

Too many things in life come with hidden surprises. We don’t think insurance should be one of them.

With JewelCover engagement ring insurance, we promise that you won’t encounter hidden fees. Ever. In fact, you don’t even pay the excess. We cover that for you.


How Will I Know I Have Enough Insurance?

Each year, we’ll revalue your insured jewellery at no charge, so you’ll always know how much your ring is worth. Traditional home insurance policies explicitly state that it is your responsibility to ensure that the insured value is correct. We make it easy by doing this for you free of charge.

The value of engagement rings can fluctuate over time due to changes in the cost of gemstones, metals, labour and currency rate changes. Our expert jewellery consultants revisit your ring each year to revalue your jewellery free of charge.


How Do I Get Started?

As you can see, engagement ring insurance provides peace of mind. Without having to worry about theft, loss and damage, you can wear your sparkler freely, everywhere you go.

Get started right now by getting an awesome quote in just seconds. We won’t be beaten on price or benefits, so check out our prices, and protect your ring. If you’re more of a talker, ring us at 1300 522 808.

We look forward to protecting your ring. Congratulations on your engagement! We’re excited for you.


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