Q Report Team
Updated on September 17, 2025
Insuring Jewellery with Home and Contents – What you NEED to know
There are two sections in a home insurance policy you need to know about when .
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TL;DRSome standard travel insurance may provide minimal cover for engagement rings and valuable jewellery. At times, limiting cover to $500-$1,000 per item. High-value engagement rings often exceed these limits significantly. Specialised jewellery insurance can offer comprehensive worldwide coverage without sub-limits, geographic restrictions, or activity exclusions for international travel. |
Planning to pop the question overseas? Arranging for a honeymoon trip following your upcoming wedding? Amid your exciting preparations, consider how your engagement ring will be protected. You should know that your travel insurance probably won’t adequately cover the ring during your holiday.
Many travel insurers specifically rule out coverage for all high-value pieces of jewellery, or limit their coverage for these items. In this article, we’ll compare travel insurance with jewellery insurance, giving you the information you need to make an informed decision about how to cover your engagement ring while travelling.
Travel Insurance Cover for Jewellery
Do any travel insurance policies include cover for jewellery? Yes, most travel insurance makes some provision for jewellery. The problem is that the cover generally doesn’t include more expensive pieces, such as engagement rings, and the other exclusions rule out many situations.
Value Limits
While it’s true that many travel insurance policies include some cover for jewellery, that cover is usually restricted. For example, many providers place a $750 limit on their jewellery provisions. Not many engagement rings fall within this narrow limit.
Others only cover the value of the jewellery item at the time when it was lost or damaged. If the piece costs more to replace than it was worth, you have to make up the difference or settle for a lesser value item.
Other Exclusions
In addition to covering a narrow value window, most travel insurance policies place exclusions on their cover that put your ring at risk.
For example, some policies only cover your jewellery while you’re wearing it; if it’s in your hotel room, it’s not protected. Other policies don’t cover your jewellery if it’s stolen from a vehicle or if anything happens to it while in a transport carrier. Between all of these exclusions, your jewellery may be covered for only a portion of your trip. And that’s just not enough.
A Better Option: Jewellery Insurance
Travel insurance may include some jewellery cover, but it is usually limited by item caps and exclusions. Specialist jewellery insurance can provide cover designed for high-value pieces like engagement rings, subject to policy terms and conditions.
Agreed Value Policy
With an agreed value policy, your jewellery insurer agrees to pay the stated amount of your engagement ring without making any adjustments for appreciation or depreciation. And since your ring will be revalued annually, you’ll always be insured for the amount it’s truly worth.
Return to Your Chosen Jeweller
With our jewellery cover, you can return to your chosen jeweller for repair or even total replacement. You originally chose that jeweller because you trust them. Maybe they’re a family jeweller or a reputable referral. Either way, you should have the option to return to that jeweller if you need your jewellery repaired or replaced.
Worldwide Cover
Specialist jewellery insurance can provide worldwide cover for specified pieces, subject to the terms and conditions of the policy. This means your ring may be insured whether you’re at home or travelling abroad.
Free Annual Revaluation
As mentioned previously, our jewellery cover includes a free annual revaluation. The value of a piece of jewellery can change from year to year, depending on the going prices for precious metals and stones as well as other factors. With this benefit, you’ll always know that your current cover is adequate for repair or replacement.
Instant Cover
Cover that engagement ring from the moment you walk it out of the jewellery store. With Q Report jewellery insurance, your pieces can be covered right from the start.
125% Cover
Sometimes, it costs more to replace a ring than it’s actually insured for. As precious stones and metals are traded in US Dollars, a sudden currency rate fluctuation could mean that your jeweller can’t replace the item for the insured value. With our comprehensive jewellery cover, you’ll have a little extra in your replacement budget to take care of instances such as these.
Conclusion
Travel insurance may provide some cover for jewellery, but this may be limited by item caps and exclusions. Specialist jewellery insurance is designed to cover high-value pieces like engagement rings, subject to policy terms and conditions. If you’d like to see how cover works, you can get an indicative quote online now.
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