Examples of Common Claims
Outdoor Activities
We have seen many claims for loss or damage to engagement rings resulting from common outdoor activities such as swimming, playing sports, and going to the beach.
Beyond Repair
Many claims for engagement ring damage are simply beyond repair. We've encountered cases where rings were crushed by large objects, or diamonds were lost after getting caught on drawers and other common household items.
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Mysterious Loss
Sometimes engagement rings simply disappear. One minute it was there on your bedside table and the next you've searched high and low for it and it hasn't turned up.
Travel
Claims for loss or damage to engagement rings also occur during travel, both domestically and internationally, often due to theft, misplacing them in unfamiliar locations such as hotels or planes, or leaving them behind when packing in a rush.
* Please consider the PDS and Policy Wording for terms, conditions and exclusions of the policy as well as the Target Market Determination..
Why Cover Your Engagement
Ring With Q Report?
Backed by Chubb
Your policy is backed by Chubb, the world's largest insurer of fine arts and valuables.
Real Experience
We have a rich heritage in the jewellery industry and have worked hard to forge a great reputation among jewellers and jewellery consumers. This dedication is reflected in our 5-Star Google Review rating. We're proud of our commitment to quality and customer satisfaction.
Additional 50% Cover
If we can’t put you back in the same position as you were prior to the loss, there is an additional buffer of up to 50% of the insured value available to pay towards your claim.
Return To Original Jeweller
Have your engagement ring repaired or replaced by someone you trust.
Key Questions to Ask
Ask your insurance provider the following questions to determine if your engagement ring is comprehensively covered under your current policy.
Coverage Outside Home
Is my engagement ring covered when worn outside the home?
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Return to Original Jeweller
Can I select the jeweller for engagement ring repairs or replacements, or must I use one chosen by the insurer?
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Insured Amount
In the case of a full loss, will the policy cover me for the full insured value or only up to that amount?
Additional 50% Cover
Is my engagement ring covered for fluctuations in diamond and metal increases as well as currency fluctuations?
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Mysterious Disappearance
Am I covered even if I don't know how I lost or damaged my engagement ring?
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5 Star Service
How does my insurance provider focus on their customers and their happiness? Do they have 5 Star Reviews?
Travel
Does my coverage extend to interstate or overseas travel, and if so, for how long and under what conditions?
Revaluations
How can I be comfortable that my engagement ring is insured at the correct value year on year?
Coverage Outside Home
Is my engagement ring covered when worn outside the home?
Return to Original Jeweller
Can I select the jeweller for engagement ring repairs or replacements, or must I use one chosen by the insurer?
Insured Amount
In the case of a full loss, will the policy cover me for the full insured value or only up to that amount?
Additional 50% Cover
Is my engagement ring covered for fluctuations in diamond and metal increases as well as currency fluctuations?
Mysterious Disappearance
Am I covered even if I don't know how I lost or damaged my engagement ring?
5 Star Service
How does my insurance provider focus on their customers and their happiness? Do they have 5 Star Reviews?
Travel
Does my coverage extend to interstate or overseas travel, and if so, for how long and under what conditions?
Revaluations
How can I be comfortable that my engagement ring is insured at the correct value year on year?
The Most Commonly Asked Questions About Engagement Ring Insurance
What you need to know about insuring your engagement ring with Q Report.
Do I need Engagement Ring Insurance if I have Home & Contents Insurance?
Every policy is different, so it's important to ask your Home & Contents Insurer if your engagement ring is comprehensively covered. Standalone jewellery insurance like Q Report covers your engagement ring for damage, loss, theft and more.
Ensure your chosen policy suits your individual needs and situation.
How Does Engagement Ring Insurance Work?
Q Report's Engagement Ring Insurance works by the below steps.
1. Submit a quote, and a member of our team will contact you.
2. After payment, you are covered for the benefits of a Q Report policy, such as an additional up to 50% cover and complimentary annual revaluation. Please consider the PDS and Policy Wording for detailed information about the benefits, terms, conditions and exclusions of the policy.
3. If you then need to make a claim in the future, please feel free to contact us. Your dedicated in-house claims consultant will walk you through the process.
We aim to make every step easy and transparent, and we are always happy to answer any questions you may have.
Does Engagement Ring Insurance Cover a Lost Diamond?
Yes, Q Report will cover you for damage or loss of your diamond! We also give you the freedom to return to your chosen jeweller for replacement or repair.
*Please consider the PDS and Policy Wording for terms, conditions and exclusions.
My Engagement Ring came with a warranty. Is this different to insurance?
Yes. Warranty and Insurance are very different.
Warranty is intended to cover consumers for manufacturing defects for a limited time. It’s a guarantee that a product has been made correctly and that you are getting what you paid for.
Insurance will cover you for things like accidental damage, loss and theft.
When it comes to warranties, most products (including jewellery) are covered under Australian Consumer Law. In simple terms, when you purchase an item of jewellery it comes with an implicit warranty that you could wear it normally and if after say the first few weeks it broke or stones fell out, you should be covered under warranty. However, if you dropped the ring on a concrete floor, or your finger got hooked on an object which pulled it out of shape, this would be your responsibility unless you had insurance.
What happens if the value of my Engagement Ring changes?
Because both precious stones and the metals that they are set in may fluctuate in price, at Q Report we offer a couple of benefits to ensure your engagement ring is insured at the correct value in the case of loss or damage.
1. We offer a complimentary service whereby we revalue your engagement ring every year at no charge to you.
2. We offer an additional buffer of up to 50% of the insured value available to pay towards your claim to account for market fluctuations since your last complimentary valuation.
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Protect your items with the right policy
760+ 5 star Google reviews
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1900+ 5-Star Reviews
Can’t Be Wrong
Australia's original provider of standalone jewellery insurance.
Get Your Instant Quote
To calculate the cost of covering your engagement ring with specialised insurance, get an instant online indicative quote today. Alternatively, you can contact us on 02 9234 0580 to learn more about our cover.
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