Make sure your ring is covered the right way...
An Engagement Ring is one of the most important and valuable purchases you’ll ever make, so it’s essential to ensure it is properly protected with a suitable insurance policy. At Assetsure, we offer access to a jewellery insurance policy specifically designed to cover individual precious items. Assetsure Engagement Ring Insurance is arranged on a Worldwide All Risks basis, including accidental damage, theft, and loss."
Assetsure Engagement Ring Insurance ensures your most precious and valuable items are comprehensively protected, up to your chosen sum insured, on a new-for-old basis. You will be safeguarded against a range of risks, including loss, damage, theft, and loss of stones, ensuring you are fully covered no matter where you are. Our policies are designed to provide worldwide protection, giving you complete peace of mind whether you’re at home or travelling abroad. As specialist jewellery insurance experts, we offer access to policies that are specifically tailored to cover valuable and sentimental items. Whether you choose to arrange cover online or by calling our dedicated service centre, which is open 6 days a week, we pride ourselves on delivering an exceptional service every step of the way.
Over time, and with frequent wear, engagement rings can be exposed to wear and tear. One of the biggest concerns for ring owners is the possibility that the settings may loosen, leading to the loss of a stone, particularly diamonds. Since diamonds often represent the majority of a ring’s value, it is crucial to have insurance in place to cover such losses. Our insurance policies include coverage for the physical loss of the diamond or other stones. In the unfortunate event of a claim, we will work closely with insurers who will endeavour to source a diamond or gemstone as close in size, quality, and value to the original as possible, ensuring your replacement is virtually identical to the lost item.
We are able to provide engagement ring insurance for a wide variety of ring types, whether they are traditional, vintage, or more contemporary designs. This includes everything from classic diamond rings to modern rings featuring synthetic diamonds, which are becoming increasingly popular in the market.
Classic diamond engagement rings especially solitaires (a single diamond as the centrepiece) are the traditional symbols of love and commitment. These rings typically feature a diamond as the focal point, often set in precious metals such as gold, white gold, or platinum. They come in a variety of sizes, shapes, and diamond qualities, all of which contribute to their overall value. A knowledgeable jeweller will be able to guide you through the different characteristics of diamonds and explain how they are graded by laboratories specialising in diamond certification. Having the right insurance in place is essential to protect the significant investment a diamond ring represents.
For those seeking something a little more unique, vintage, or antique engagement rings offer not only historical value but also intricate designs that set them apart. These rings may feature ornate details like filigree work, coloured gemstones, or unusual settings that make them truly one-of-a-kind. However, vintage, or antique rings can be more difficult to replace, particularly if they are heirloom pieces passed down through generations. If you own or are considering purchasing such a ring, it is vital to obtain a current valuation to ensure the sum insured is sufficient to cover a replacement should it be lost or stolen.
Custom-made engagement rings are increasingly popular as couples look for ways to express their individuality through a ring designed to their exact specifications. By working closely with a jeweller, couples can create a bespoke piece featuring personalised details such as engraved messages, unique stone settings, or unconventional diamond shapes. When insuring a custom-made ring, it’s important to consider the cost of the craftsmanship involved, as you will want to ensure that a replacement can be recreated to match the original design in the event of a loss. Your jeweller should be able to help you with an accurate valuation.
Although diamonds remain the traditional choice, gemstone engagement rings featuring stones such as sapphires, rubies, emeralds, or other coloured gems are gaining popularity among couples looking for a more unique style. These rings offer a striking alternative to the classic diamond ring and can often be a reflection of personal taste or birthstone significance. Our insurance policies can cover these precious gemstone rings just as comprehensively as those featuring diamonds.
With advancements in technology, synthetic diamonds, also known as lab-grown diamonds, have gained considerable traction in the jewellery market. These diamonds are virtually identical to natural diamonds in terms of their chemical composition and physical properties but are typically more affordable. As more couples choose lab grown diamonds for their engagement rings, we are pleased to offer insurance to cover these items, ensuring they are protected just like natural diamond rings.
No matter the style, composition, or origin of your engagement ring, having proper insurance in place ensures that you are covered against the unexpected, including loss, theft, or damage. We would be happy to provide you with a tailored quotation to meet your specific insurance needs and look forward to providing you with an engagement ring insurance policy to cover your treasured item.
All of our engagement ring insurance policies come with a zero excess. (The excess is the initial amount you are responsible for paying in the event of a claim) meaning you won’t pay anything out of pocket when making a claim.
This zero excess feature will continue. If you prefer, you can opt to add an excess for a discount on your premium.
For full details, please refer to the IPID (Insurance Product Information Document) and the policy wording.
We specialise in arranging insurance for engagement rings, and we're more than happy to provide quotations and arrange cover for single items of jewellery. There’s no need to insure the rest of your home with us. We understand that many ring owners may be in different living situations, such as those just setting up home, living with parents, or renting accommodation, where they might not have other valuable contents requiring cover. Our standalone engagement ring insurance allows you to protect that single, precious item of jewellery with ease.
Standalone jewellery insurance is ideal if you only need to cover a single item, such as an engagement ring. If you’ve recently obtained a new valuation for your ring and your current insurer has informed you that it now exceeds their policy’s monetary limits, we can step in to help. In such cases, we can assist you with securing the appropriate cover for your ring.
At any point during the life of your policy with us, you can also add other items of jewellery, such as wedding rings, ensuring that your most valuable possessions are protected under one comprehensive policy.
While we cannot restore the sentimental value of a cherished engagement ring, we can offer insurance protection to compensate for your loss. We work closely with insurers to ensure that your claim is handled efficiently and with care.
Based in the UK, we arrange policies for individuals who are normally resident in the United Kingdom. Our cover includes worldwide all risks, with no restrictions on the number of trips abroad you can make, provided no single trip exceeds 60 days in duration.
Worldwide All Risks Insurance
We provide cover for physical loss or damage to your engagement ring and other items of jewellery on a worldwide basis. This essential protection is crucial, as settings can loosen over time, causing individual stones to become lost, or worse, you could lose the whole ring. Our policies include unlimited trips abroad, with each trip covered for up to 60 days in duration.
No Excess
If you need to make a claim under your engagement ring policy, the insurers will not deduct an excess for specified items.
Specified Items
When you purchase a policy, we will provide you with a schedule of insurance that specifically lists your engagement ring. If you have additional items of jewellery, we will be happy to add them to your cover as well.
No impact on your no-claims bonus
By insuring your engagement ring separately, you can safeguard the valuable no-claims bonus you’ve earned on your home insurance policy.
A Variety of Payment Options
We accept all major credit and debit cards, as well as monthly direct debit payments, for your engagement ring insurance.
Money-Back Guarantee
We are so confident in the policy we offer that you have a full 30 days to review the policy wording and change your mind if you’re not completely satisfied
Dealing with Assetsure couldn’t be easier. Your precious ring can be covered quickly and efficiently with just one phone call or by completing our online enquiry form. If you have any questions or need advice, we’re always happy to assist.
We are specialist jewellery insurance intermediaries with extensive expertise in insuring valuable items, including engagement rings. With access to a trusted network of skilled jewellers across the UK, we can ensure your item is repaired or replaced on a like-for-like basis."
We value our customers. Your premium will not be loaded next year by the insurers if you make one claim under £500. We reward loyalty and will guarantee if you find a cheaper renewal quote we will match it.
You can easily report a claim to us by telephoning our claims department who can take instructions from you regarding your loss, or if you prefer, you may email us. Full details are contained in your policy document. We’ll assist you to obtain a repaired or replaced item as quickly as possible.
We are so confident in the product we supply that we have arranged with the insurers to allow you 30 days to change your mind and request a full refund, this is rather than the generic 14 days given by most. Even if after the 30 days is up, you decide our policy is not for you, we will refund you all of the insurance you haven't used with no deductions from the return of premium.
Assetsure has been insuring valuable items for over a decade. All of the staff that you may speak to are based in the UK. Our policies are underwritten at Lloyd’s of London, the world’s leading specialist insurance market. We handle claims in-house and are rated five stars by Trustpilot.
Yes. We specialise in arranging insurance for jewellery and other valuable items including engagement rings.
Yes, our policies include accidental loss cover as standard. In some cases, we will require you to send in a photo before this cover can be agreed.
The cost of engagement ring insurance cover depends on several factors, including the ring’s insured value, the wearer’s age and your postcode.
Insurance for your engagement ring can usually be arranged as soon as the ring has been purchased or received. Many people choose to arrange engagement ring insurance straight away, particularly if the ring will be worn regularly or taken outside the home.
It’s worth noting that insurance does not cover the purchase process itself. Any loss or damage occurring before the policy start date would not be covered.
Bespoke, antique and vintage engagement rings can usually be insured, but they may require more detailed valuations and supporting documentation.
Because replacement may not be straightforward, claims may be handled on a more individual basis. Accurate records and valuations are particularly important for these types of rings.
A dedicated engagement ring insurance policy is often considered where the ring exceeds typical home insurance limits, is worn every day, is taken abroad, or where accidental loss is a concern.
Whether engagement ring insurance is right for you will depend on your own personal circumstances and the policy terms.
Yes, Engagement ring insurance can usually be arranged for gifted rings. You should make sure that a suitable valuation or purchase documentation is available as this will assist if you ever need to make a claim.
Our policies include worldwide cover, you can make unlimited trips abroad for business or pleasure subject to the policy terms. We have no country restrictions. No one trip can exceed sixty days.
To obtain an engagement ring insurance quote, we will ask you to supply some basic details. If you want to buy a policy from us, there are a small number of questions to answer. This can usually be carried out online. In some cases, we may need a photo of the item or to have a telephone conversation with you. If you would prefer to speak to us, our team will be happy to assist.
Providing accurate information at the quotation stage is essential before you purchase a policy. If you buy a policy and have answered questions incorrectly, this may affect your cover and any claim.
Yes, the Assetsure Insurance policy is available only to individuals over the age of 21.
Your policy will be delivered instantly via email. Cover will begin from the date you request.
The policy has no excess to pay following a claim.
Sometimes a stone drops out of a ring and cannot be located, this will be covered by the policy
If you lose your engagement ring, we will need to replace it, so it’s essential to ensure your ring is insured for its full replacement value. The maximum amount we pay to replace your ring will be the sum insured that you choose, which will be clearly stated on your schedule of insurance.
For new rings, you will usually be given an indication of how much to insure the ring for, this maybe the purchase price but remember, the cost of precious stones and metal usually increases over time. A valuation will take this in to consideration. if the ring was bought on sale, you’ll need to insure it for its true replacement value rather than the discounted price.
If your ring was purchased from a jewellery district, such as Hatton Garden in London, or the Jewellery Quarter in Birmingham, where jewellery is often sold at discounted prices, it’s advisable to request a valuation from the supplier, as the purchase price may not reflect the true cost of replacement.
The most we will pay in total for each incident of Loss is the Amount insured which you choose when you take your policy out. Please make sure this to sufficient replace your item at UK retail prices.
In the event of any claim being made for Loss of or Damage to any insured item, the onus of proving the existence, ownership and value of the item shall be upon you to prove. We accept the following items as proof of existence and Ownership;
For Items less than 5 years old
For Items more than 5 years old