Jewelry Insurance

Wedding Rings: Should I Get Insurance?

By Dustin Sitar, MBA - Director of Marketing and Operations
September 28th, 2021

Although thinking about insurance policies isn’t as fun as picking out the rings, obtaining insurance is one of the smartest decisions you can make when it comes to wedding jewelry.

Wedding rings can easily be misplaced, damaged, or stolen. Rather than lose out on your jewelry investment completely, you can give yourself peace of mind by purchasing wedding ring insurance from BriteCo™.

Why Insure Your Wedding Jewelry?

The biggest reason to insure your wedding rings is to protect yourself from financial loss. The average engagement ring costs around $5,500. When coupled with the cost of wedding bands for both partners, you’re looking at a significant financial investment.

While standard homeowners’ and renters’ insurance provides an average of $1,500 in jewelry coverage, this amount is nowhere close to covering the cost of your wedding rings. Additionally, many of these policies won’t cover you if the rings are damaged or lost, and nearly all these types of policies have deductibles that you will pay out of pocket.

What Does Wedding Ring Insurance Cover?

When you purchase wedding ring insurance, you gain coverage for a multitude of situations. Many people ask, does insurance cover a lost wedding ring, or does insurance cover a damaged wedding ring? With BriteCo™’s A+ rated jewelry insurance, the answer is yes. With BriteCo™, your rings are covered for damage, loss, theft, and mysterious disappearance.

Signing up for insurance on wedding rings

Finding the Right Wedding Ring Insurance

The best way to insure a wedding ring is through a reputable insurance provider like BriteCo™. When choosing a provider, pay special attention to the following elements:

  • Coverage

    Look for a policy that offers full coverage for rings that are damaged, lost, stolen, or misplaced, so you are insured no matter the circumstances.

  • Price

    Find a policy that fits into your budget. Opt for a carrier offering flexibility in how you want to pay.

  • Claims Process

    Read up on the company’s claims process; pick a carrier with straightforward claims that will replace your rings without a hassle.

  • Value Assessment

    Look into the value assessment process of the insurance company. Pick a provider with a thorough, convenient method.

  • Documentation

    Choose a company that asks for realistic documentation you will be able to obtain. They should ask for paperwork such as photos, updated appraisals, and receipts.

How to Insure a Wedding Ring

Figuring out how to insure a wedding ring may seem complicated, but with BriteCo™, the process is quick and easy.

Your first step is to visit the BriteCo™ website and enter basic information about your wedding ring to obtain a quote. You should receive a response within 60 seconds. The website will prompt you to answer a few questions regarding your jewelry, and you can fill out your responses online. Once you’ve completed this step, you can choose your preferred payment method.

Finally, you’ll be prompted to submit photographs of your wedding rings and submit value documentation via BriteCo™’s app. It’s that easy.

Wedding rings on hundred-dollar bills

Protect Yourself From Financial Loss

The loss of your wedding ring can have an emotional and financial impact on you and your spouse. Obtaining coverage on your rings provides peace of mind and financial protection. Get a quote in less than 60 seconds with BriteCo™ and choose a policy that fits in with your coverage needs and budget.

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About the Author

Dustin Sitar is the Director of Marketing and Operations at BriteCo dedicated to consistently serving and motivating customers through education and inspiration. Prior to joining BriteCo, Dustin was a Senior Analyst on the Merchandising Strategy team at Zappos.com focused on bringing new products to the market. He holds an MBA in Finance from the W.P. Carey School of Business.
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BriteCo Inc. is a licensed insurance agency in all fifty states and the District of Columbia.
Please see the Licenses section of this website for more information. All insurance policies underwritten and issued by Glencar Insurance Company and administered by BriteCo.