Engagement Ring Insurance

Your engagement ring is a symbol of love and unity. It represents your hopes and dreams as a couple, and the commitment you made to your partner to join your lives together. With so many wonderful, meaningful feelings attached to one piece of jewelry, you may want to consider insuring your engagement ring. Having the right insurance coverage can prevent you from paying out of pocket to replace your engagement ring if it's lost or stolen, as outlined in your policy.

Although there's no specific insurance coverage called, "engagement ring insurance" it is possible to insure your engagement ring. A TD Insurance advisor can help you find insurance coverage to fit your needs.

Do I need to insure my engagement ring separately?

An engagement ring is typically insured in one of two ways – either automatically, through an existing home, condo, or tenant insurance policy, or by purchasing separate, additional insurance coverage for the engagement ring.

We've shared more details about each of those options below, so you can decide which one may be right for you.


Include your engagement ring in your existing insurance policy.

Every TD Insurance home, tenant, and condo insurance policy has a predetermined coverage limit for certain personal belongings. For jewelry, which includes your engagement ring and other items you own such as pearls or watches, it's $5,000. However, that amount increases to $15,000 if you purchase our enhanced home insurance package.

If you require coverage beyond the included personal property limit in your TD Insurance home insurance policy, you can choose to purchase separate, optional insurance as outlined in Option B.


Purchase separate insurance coverage for your engagement ring.

If the value of your engagement ring exceeds the limits set out in your home insurance policy, you may want to consider purchasing additional insurance. Adding Personal Valuables Coverage to your existing coverage provides you with a separate amount of insurance for your engagement ring and other fine jewelry.

If you purchase Personal Valuables Coverage and the value of your engagement ring or any other piece of jewelry you'd like to insure is less than $20,000, typically, no appraisal is necessary. If your engagement ring is valued at more than $20,000, an appraisal is required.

A TD Insurance advisor can help you determine if your engagement ring is adequately covered under your existing policy, or if you should consider purchasing additional coverage.

Are you a TD Insurance Private Client Advice customer?

If so, here's what you will need:

  • If your engagement ring is valued up to $50,000, no appraisal is required but you will need a detailed description of your ring that must be obtained from the bill of sale.
  • If your ring is valued at more than $50,000, before you add the ring to your policy, you'll need a photograph of the ring, plus an appraisal from a certified gemologist.

Once you have the right documentation, just call your TD Insurance Private Client Advice advisor to make sure it's accounted for in your policy.

What sort of scenarios will it cover?

Let's say you're doing dishes and your ring slips off down the drain, or your house gets broken into and it's stolen, your insurance will cover it. Same thing if you still have the ring but maybe a stone falls out, or it gets damaged. Your policy offers you financial protection in the case of your ring being lost, damaged or stolen.

When should I get engagement ring insurance?

As soon as possible. Though it's obviously not mandatory, you want protection for something of value to you right away.

I already have an engagement ring; can I insure it?

Of course, it's never too late. If you have an engagement ring already and want to have it insured, just contact your insurance provider to get it included on your policy.

I already have my engagement ring insured; how do I file a claim?

If you're a TD Insurance customer and something has happened to your ring; it's been lost, stolen or a stone has fallen out or been damaged, here's how to start an insurance claim.

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The content on this page is for general information purposes only and does not constitute legal advice. Coverages described herein may be subject to additional eligibility criteria, limitations and exclusions. In the event you make a claim, potential indemnification is also subject to the receivability of the claim and the type of coverage you bought.

In the case of conflict between the content on this page and your policy wordings, your policy wordings shall take precedence. Please speak to an Advisor or consult your policy wordings for further details.