Is my engagement ring covered under my homeowners insurance?

Partly, but probably not for its full value. Your engagement ring is covered under your homeowners insurance, but only up to a special limit that is usually far lower than the ring is worth. Most homeowners policies cap jewelry losses from theft at around $1,500 to $2,500, no matter how much your ring actually cost.

This matters because a ring is often worth much more than that cap. Your homeowners policy will cover a stolen ring only up to the sublimit, and it may not cover losses like simply losing the ring or having a stone fall out, since those are not the same as theft.

To fully protect a valuable ring, you can add a scheduled personal property endorsement, sometimes called a floater. Scheduling the ring raises the coverage to its appraised value, removes the low jewelry cap, and usually covers more causes of loss, including accidental loss or “mysterious disappearance,” often with no deductible.

For example, suppose your $9,000 engagement ring is stolen in a burglary at your home in Sandy Springs. Without scheduling it, your policy might pay only $1,500. With the ring scheduled, the policy would pay up to its full appraised value.

Scheduling a valuable ring raises coverage to its appraised value for a small added premium. To check whether your ring is fully protected, start a free coverage review at /coverage-review/.