Specialist Protection for Your Engagement Ring...
An Engagement Ring is often one of the most meaningful and valuable purchases you will ever make. It represents both a significant financial investment and deep personal sentiment, so it deserves insurance that is designed specifically for it.
At Assetsure, we arrange specialist jewellery insurance at Lloyd’s of London to protect individual high-value items. Our Engagement Ring Insurance is provided on a Worldwide All Risks basis, which includes cover for accidental damage, theft and loss, wherever you are in the world.
Engagement Ring Insurance
Assetsure Engagement Ring Insurance is designed to protect one of your most valuable and sentimental possessions.
Our policies provide comprehensive cover up to your chosen sum insured on a new-for-old basis.
Protection includes accidental loss, theft, damage and loss of stones, helping
to safeguard your ring both at home and anywhere in the world.
Our specialist jewellery insurance is arranged specifically for high value items that are worn regularly outside the home. This means your engagement ring is protected whether you are
at work, on holiday or simply going about your daily life.
We are rated 5 stars by customers on the independent review platform Trustpilot, reflecting our
commitment to service and claims support.
You may arrange cover online in just a few minutes or speak directly with our UK-based team, available six days a week, should you prefer personal assistance.
Do I need Engagement Ring Insurance?
In our view, arranging engagement ring insurance is a sensible decision.
Engagement rings are worn daily and, over time, are exposed to knocks and general wear. One of the most common issues we see is the gradual loosening of a setting, which can result in the loss of a diamond or other precious stone, including smaller stones mounted along the shoulders.
As the centre diamond often represents the majority of a ring’s value, the financial impact of losing a stone can be significant.
There are other risks to consider including total loss.Engagement rings are both financially valuable and deeply sentimental. They may also be stolen during a burglary or robbery.
Specialist engagement ring insurance, such as our Assetsure policy arranged with insurers at Lloyd’s of London, provides protection both at home and away from home. Cover includes physical loss, theft and accidental damage, subject to policy terms and conditions.
How much is Engagement Ring Insurance?
The cost of engagement ring insurance depends on several factors, including the ring’s insured value, where you live and whether you choose to pay an excess.
As a guide, the premium is largely influenced by how much it would cost to replace the ring in the event of a total loss, together with location-based risk factors such as local theft rates.
You can obtain a quotation online in just a few minutes by answering a small number of straightforward questions.
What Types of Engagement Rings do we Insure?
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.
Traditional Diamond Rings
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.
Vintage or Antique Rings
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 Rings
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.
Gemstone Rings
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.
Lab Grown Diamond Rings
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.
Standalone Insurance for your Engagement Ring
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.
Some of the features of the Engagement ring policy we arrange are as follows;
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.
