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Wedding ring insurance

Your wedding ring may be one of the most precious pieces of jewellery you own. That’s why it’s so important to make sure you’re protected with the right wedding ring insurance. Here’s our guide to getting cover.

Your wedding ring may be one of the most precious pieces of jewellery you own. That’s why it’s so important to make sure you’re protected with the right wedding ring insurance. Here’s our guide to getting cover.

Written by
Anna McEntee
Insurance comparison expert
Last Updated
5 JUNE 2024
6 min read
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What is wedding ring insurance?

Wedding ring insurance can cover one of your most precious possessions against loss, theft or damage under the terms of your policy.

Depending on its value, your wedding ring might be covered as standard under your home contents insurance policy. If not, you can ask to add it at an extra cost.

If your wedding ring is particularly valuable, you could take out a standalone wedding ring policy, which might offer more comprehensive protection – both at home and when you’re away.

Does home insurance cover wedding rings?

Your contents insurance should provide some cover for your wedding ring, but just how comprehensive that cover is will depend on both the ring’s value and the terms of your contents insurance.

Don’t assume that because you have home insurance, your wedding ring is properly covered.

Most insurance providers have a strict single item limit – in other words, the maximum you can claim for any one item that’s not listed separately on your policy. This amount varies among policies but is usually £1,500.

If your ring is worth more than your policy’s single-item limit, you’ll need to tell your insurance provider, who’ll be able to cover it separately. This may cost more.

Also bear in mind that most standard home insurance policies only cover items that are damaged or stolen inside the home.

Do I need specialist wedding ring insurance?

If your wedding ring is particularly valuable, you may want to consider a standalone policy from a specialist provider. This might give you more comprehensive cover, including accidental damage, away-from-home insurance and worldwide cover.

Insuring your wedding ring on a separate policy means the no-claims discount on your home contents insurance won’t be affected if you claim.

You can’t compare this type of specialist cover with us right now, but we can help you with a home insurance quote.

What does wedding ring insurance cover?

Home insurance policies will typically cover your wedding ring for loss or damage due to fire or theft. You should be able to add cover for accidental damage and wearing your ring outside the home for an extra cost. Specialist insurance may include this cover as standard.

Did you know?

According to the latest crime data figures published by the Office for National Statistics (ONS), there were 186,174 residential burglaries in England and Wales during the year ending December 2023.

Nothing can replace the sentimental loss of a precious item, but the right cover can at least ensure you’re compensated financially.

How can I make sure my wedding ring is covered when I wear it out?

It’s likely you wear your wedding ring all the time, so you’ll naturally want to make sure it’s properly insured when you’re not at home.

Personal possessions insurance is extra cover you can add to your contents insurance policy, typically for a fee. It protects those valuables you take out and about, such as your:

Is my wedding ring covered if I go abroad?

Personal possessions insurance will often cover your personal belongings when you go abroad, although there might be a limit on the number of days you’re covered for while away. Check your policy to find out.

You might also find your travel insurance covers your wedding ring and jewellery. Again, you’ll need to check the policy for any limits or exclusions. As with contents insurance, travel insurance policies often have a single-item limit for valuables, so you may need to list your wedding ring separately to make sure it’s properly covered.

Top tip

If you’re going away for a long time or your jewellery is particularly valuable, you might want to consider dedicated jewellery insurance from a specialist provider.

How much is wedding ring insurance?

The more valuable your wedding ring, the more expensive your insurance will be. But it could be worth the extra cost.

We can help you compare a range of trusted home insurance providers to look for the cover you need at a price that suits you.

How much should I insure my wedding ring for?

To get the right level of cover, you’ll need to know how much your wedding ring is worth. The price of precious metals like gold and platinum changes over time, so visit a jeweller for an up-to-date valuation.

Always insure your wedding ring for its current market value, especially if you’ve been married for a long time – gold usually increases in value over time.

Getting your wedding ring valued

A professional valuer will give you a jewellery valuation report that describes the ring, confirms its market value and explains how that’s been decided. Talk to the jeweller about how you’d replace your ring if it was lost, as this can affect the type of valuation given.

The report will include details of the precious metal and the size, colour, cut and clarity of any precious stones. A photograph is usually included.

This can be useful if you have to make a claim, to ensure you get an equivalent replacement. Your insurance provider may ask to see a copy of your wedding ring’s valuation report if you need to make a claim.

The National Association of Jewellers (NAJ) suggests having items revalued every three to five years to make sure you have a current value. But your insurance provider may specify how often your jewellery needs to be valued, so check your policy.

What happens if I underinsure my wedding ring?

Underinsuring your wedding ring could cause a double blow if you need to make a claim. Not only will you face the heartbreak of losing a precious piece of jewellery, but your insurance pay-out may not be enough to replace it.

But you also want to avoid over-insuring your ring as you could end up paying more than you need. An accurate, up-to-date valuation will ensure your ring is adequately covered and the cost of your premium is fair.

How can I cut the cost of insuring my wedding ring?

To help lower the cost of your home contents insurance, you could:

  • Shop around and compare quotes to find a better deal.
  • Consider installing home security systems like a burglar alarm and security lighting.
  • Invest in a safe for your rings and other expensive jewellery when you’re not wearing them.
  • Pay for your insurance upfront if you can – you’re typically charged interest on monthly payments.
  • Increase your voluntary excess – just make sure you can afford to pay it if you need to make a claim.

Finding home insurance with cover for your wedding ring

Compare the Market can help you search for home insurance to suit your needs. Compare home contents insurance quotes from leading insurance providers to find cover for your wedding ring and all your treasured possessions.

Start a quote

Frequently asked questions

How do I claim a lost wedding ring on my insurance?

To make a lost wedding ring insurance claim:

  1. Contact your insurance provider. They will guide you through the claims process.
  2. If your ring’s been stolen, you’ll need to report it to the police first, and provide your insurance provider with the relevant crime reference number.
  3. Have documents such as a receipt or valuation certificate ready as proof of ownership and value.
  4. You’ll typically have up to 180 days to put in your insurance claim.

Will claiming for a lost, stolen or damaged wedding ring affect my no-claims bonus?

Yes, a claim for a lost, stolen or damaged wedding ring will probably affect your no-claims discount. Check your policy’s terms and conditions to be sure.

Is my wedding ring covered for accidental loss or damage?

Whether your wedding ring is covered for accidental loss or damage depends on your policy. Most standard home insurance policies only cover loss or damage due to fire or theft.

To protect your wedding ring against accidental damage, you may need to add accidental damage cover to your policy for an additional fee.

If you want cover for your ring when you’re out and about, you’ll need personal possessions insurance.

Do I need to list my wedding ring when getting a quote?

If your wedding ring is worth more than your policy’s single-item limit, you’ll need to list it separately. When you compare quotes with Compare the Market, you’ll need to list items worth more than £1,500.

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Anna McEntee - Home, pet and travel insurance expert

Anna’s all about delivering fantastic insurance products at a great price. Value is the most important thing for Anna, as she cuts through the jargon and finds what’s most important and worth your hard-earned money.

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