Does Renters Insurance Cover Engagement Rings? 
Property losses , such as an engagement ring , are covered by a renters policy subject to internal limits and a deductible . Your $ 3,000 engagement ring if stolen would be adjusted by the deductible and the policy limit . As a result you would receive approximately $ 1,000 for your loss . High valued items should be scheduled to avoid deductibles and make sure the loss is fully covered . 