Would My Renter’s Policy Cover My Engagement Ring?
No. While some Homeowner’s policies cover jewelry; up to a specific limit, engagement rings should be scheduled on a separate Inland Marine Policy or added as a Floater to your existing Homeowner’s Policy. Otherwise it is unlikely that there will be coverage for such a “big ticket” item. For more information on this, see our blog “Floater Policy: Insuring Your Valuables”.