<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=1204737666323810&amp;ev=PageView&amp;noscript=1" alt="facebook">
Q Insights

Jewellery insurance info, helpful guides, resources and industry-leading insights.

 

Jewellery Insurance

Key Questions to Ask When Choosing Jewellery Insurance

When selecting jewellery insurance, asking the right questions can help you...

How To Solve Everyday Dilemmas With Jewellery Insurance

Welcome to our guide on navigating everyday jewellery dilemmas with the hel...

Is Watch & Jewellery Theft on the Rise in 2024?

Concerned about the rise in watch and jewellery theft in 2024? A surge in t...

Insurance Basics

Five Out of Five: The Top 20 Q Report Insurance Reviews

Our customers speak from the heart, and when it comes to your precious jewe...

What is a ‘No Impact Claim’ in Jewellery Insurance?

How would you feel if you lost your favourite piece of jewellery?

Does Jewellery Insurance Cover Natural Disasters?

Floods, cyclones, bushfires and hailstorms. All of these natural disasters ...

Luxury Watches

The Surprising Hidden Features of Luxury Watches

Luxury watches are all about style and prestige. But below the surface lies...

The Essential Guide To Longines Watches

For over a century and a half, Longines watches have captivated collectors ...

Professional vs. DIY Watch Repairs: When to Seek Expert Help

Is your luxury watch not working quite the way it should? No need to panic.

Jewellery Trends

The Ultimate Guide To Using an Ultrasonic Jewellery Cleaner

You've built a collection of luxury jewellery that reflects your unique sty...

The Enduring Appeal of Black Gemstone Jewellery

Black gemstone jewellery has an enigmatic allure that captivates the senses...

How To Create Stunning Looks With Pearls

Are you wondering "how do I style pearls?" Step into the world of timeless ...

Subscribe

Keep up to date with the latest jewellery trends, insights and inspiration from Q Report.

Engagement Rings

Should You Buy a Moissanite Engagement Ring?

Gone are the days when engagement rings were a one-size-fits-all affair! To...

20 of the Best Engagement Present Ideas

Planning a gift for an engaged couple can feel like a high-stakes treasure ...

How to Find the Perfect Australian Wedding Photographer

Picture this: the soft morning light filtering through the lace curtains as...

Diamonds

Live Your Life in Colour: Canary Diamond Engagement Rings

Do you know diamonds come in a wide range of colours?

Lab Grown vs Natural Diamonds (What's the Difference?)

When most people think of diamonds, they think of natural diamonds.

The Surprising Science Behind Diamond Cutting

A natural diamond is as rich in history as it is in beauty. From the moment...

General

Proposing at Home: Do’s and Don’ts

According to a 2019 survey of 20,000 newly-engaged couples, 21 percent of p...

Are Diamonds a Good Investment?

Most people don’t consider buying diamonds until it’s time to purchase an e...

Brisbane’s Top 10 Proposal Locations

Your heart’s all a-flutter and it’s hard to sit still. So you’ve decided to...

Helpful Resources

Featured Resource

The Complete Guide to Jewellery Insurance

Access the Guide
Featured Resource

The Ultimate Guide to Luxury Watches

Access the Guide
Featured Resource

Ring Size Guide & Sizer

Download Guide

 

When you buy an engagement ring, you’ve made a significant financial investment, and it’s one that you probably cherish. If your ring is lost, stolen, or damaged, you’ll need to know that you can replace it or have it repaired without any trouble or financial burden.

You’ll need insurance to protect your investment in your engagement ring, but who should be responsible for buying it: the bride or the groom? And what type of policy and coverage will you need?

In this article, we dive into the "him or her" question when it comes to paying for engagement ring insurance, and also address some common questions about engagement ring insurance.

Who Should Buy Engagement Ring Insurance?

Either the bride or the groom can buy insurance to cover the engagement ring, but ideally, it should be the person who first possesses the ring. In most cases, that’s the groom, who first has the ring after he makes the purchase.

If you’re wondering why it should work that way, you may not be remembering those horror stories we’ve all heard about wedding ring mishaps before or during the proposal. What if the ring is lost or stolen before the groom has the chance to propose? Or what if the groom has planned the perfect proposal, only to drop and lose the ring in the ocean, off a ferris wheel, or in another location?

If you purchase jewellery insurance at the point of sale, the ring can be covered from the moment you leave the jeweller on collection day. For example, our Q Certified Jewellers can organise quality cover for your engagement ring in-store, so you can rest assured that your ring is covered from the moment you step out the door.

Does Home and Contents Insurance Cover Your Engagement Ring?

You might think that a home and contents policy will cover an engagement ring, but that’s often not the case. These policies usually have a limit of what they’ll payout in the event of a claim, and it’s likely to be reached before the value of the engagement ring is added. Even if you receive some type of compensation for your engagement ring, you’re still likely to end up paying out-of-pocket.

And if you’re planning an overseas honeymoon, you could find out that your insurance won’t cover it. If the engagement ring is lost, stolen, or damaged on your trip, you may not be covered at all.

To make matters worse, when you file a claim under home and contents insurance, it's unlikely you'll be allowed to return to your original or chosen jeweller for replacement or repair.

What Type of Insurance Do You Need for Your Engagement Ring?

Specialised engagement ring insurance provides coverage for your engagement ring as well as other pieces in your collection. With jewellery insurance from Q Report, you’ll be working with jewellery experts who are knowledgeable about engagement rings and other pieces and appreciate them for their financial value as well as their sentimental and emotional importance.

When you buy jewellery insurance from Q Report, you’ll enjoy the following benefits:

  • Agreed upon value - Rather than paying “up to” a certain amount, as many insurance companies do when you file a claim, we pay an agreed-upon value that’s stated in your policy.

  • In-house dedicated claims consultant - With our in-house consultants, you never need to worry about being passed off to a different department or company.

  • Freedom to choose your own jeweller - We don’t force you to go to a jeweller of our choosing if you file a claim. You can instead rely on your preferred jeweller to replace or repair your engagement ring if needed.

  • Worldwide coverage - Go ahead and book that overseas honeymoon, since we offer worldwide coverage for engagement rings and other jewellery. We’ll even work with jewellers overseas if something happens to your ring while you’re abroad.

  • No penalty for filing a claim - If you’re concerned about filing a claim, don’t be. We won’t raise your rates when this happens.

  • Annual revaluation - The value of jewellery fluctuates, so we offer free yearly revaluations to ensure that your coverage meets your needs.

  • Excellent reputation - Your engagement ring will be backed by a world-leading insurer of fine arts and valuables. And over the years, we have an impeccable record of service that’s earned us many satisfied, loyal customers and five-star reviews.

 

When Should You Buy Engagement Ring Insurance?

You should secure engagement ring insurance as soon as possible after buying your ring. If you buy your ring from a Q Certified Jeweller, you can insure your purchase before you even leave the store.

If you’re ready to buy engagement ring insurance, fill out our short online form for an instant quote or call us at 1300 882 018 for more information. We’d be happy to provide the insurance coverage you need to protect your engagement ring as well as the other pieces in your jewellery collection.

New call-to-action

Jewellery Insurance Instant Quote

Global-Calculator-Background_resized

Jewellery Insurance Instant Quote

PLEASE CONFIRM YOUR DETAILS AND SELECT THE BEST TIME FOR US TO CALL YOU

BACK TO YOUR QUOTE

SEE WHAT OUR CUSTOMERS SAY ABOUT US

Related Articles

Key Questions to Ask When Choosing Jewel...

When selecting jewellery insurance, asking the right questions can help you...

Should You Buy a Moissanite Engagement R...

Gone are the days when engagement rings were a one-size-fits-all affair! To...

The Surprising Hidden Features of Luxury...

Luxury watches are all about style and prestige. But below the surface lies...

Read what's next

Vector (25)

Engagement Ring Budget Calculator

What you need to save to meet your timeframe and budget is:

This has not taken cut, colour, clarity or carat, your financial situation or your partners taste into account. There are many factors that can reduce or increase the value of an engagement ring.


Not sure where to start?

Speak with one of our Q Certified Jewellers to find out what you can afford, what your partner is looking for and what will financially work best for you.

Find your local jeweller
How much would insurance cost?
Get an instant quote