Engagement rings falling through home insurance gap
About 42% of engagement rings are not insured per year; meaning that millions of rings could be at risk.
Home and contents insurance policies is what should be covering lost or stolen engagement rings however over seas the Britt’s are not having such luck.
Not only that, but high- value rings need a special type of insurance cover; even though informing your insurer should really be enough.
Rising metal prices can also result in lack of full cover. It would be in the best interests of home owners to review their home contents insurance plans about every 6 months to ensure all their valued items are fully insured.