Many home insurance policies won’t cover, as standard, what are called matching sets.
For example, if you lost a ring which you bought as part of a matching set, such as with a necklace and brooch, an insurer would generally only cover the estimated value of the ring rather than replace the whole set.
Is a lost engagement ring covered by insurance?
Most home insurance policies provide personal property coverage of 50% to 70% of the total insurance coverage. Jewelry, though, is considered high-value property that can be easily lost or stolen, so coverage for it is to a certain amount – usually between $1,000 to $2,000.
Is my engagement ring covered by home insurance?
While most renters and homeowners policies cover items inside your home, they only do so up to a certain dollar value. Expensive or sentimental items, like engagement rings, art and even electronics, are guaranteed through scheduled personal property coverage—an insurance policy extension that covers specific items.
What do you do if you lose your engagement ring?
First of all, take a deep breath and try not to panic
- Focus on Finding the Lost Wedding Ring.
- Retrace Your Steps.
- If the Ring Was Lost in a Tricky Place, Call in the Experts.
- File an Insurance Claim for the Lost Wedding Ring.
- Talk to Your Jeweler.
- Get Yourself a Temporary Engagement Ring.
25 Apr 2019
Is Jewellery covered in contents insurance?
Home and contents insurance will cover your jewellery if it’s damaged, lost or stolen from the property that’s insured. Most home and contents insurance policies will also specify a limit related to some types of jewellery per claim or item.13 May 2019