What does wedding ring insurance cover?

Short answer

Wedding ring insurance covers loss, theft and accidental damage to your rings, usually anywhere in the world. It can also cover a ring that is mislaid or damaged during the wedding day itself.

Wedding ring insurance is a specialist policy that protects the rings you wear on the day and afterwards. It typically covers loss, theft and accidental damage, including a stone falling out or a band being bent. Many policies also cover rings that go missing while you are travelling, at home or at work, not just at the wedding.

Most policies will pay out the insured value, which you set when you take out the policy. You will usually need to provide a receipt or a valuation from a jeweller. Some policies cover a replacement ring of similar quality, while others give you a cash sum. Check the wording carefully so you know which one you have.

Some home contents policies already cover rings, but often only within the home and with a single-item limit. A dedicated ring policy gives wider cover and avoids affecting your home insurance no-claims discount. If you have an engagement ring, you can usually add it to the same policy.

Policies vary, so read the terms before you buy. Look at what counts as accidental damage, whether loss is covered when you are abroad, and whether there is an excess. If anything is unclear, ask the insurer directly.