Will Renters Insurance Cover Engagement Ring? 
It depends . What is the value of your engagement ring ? Most insurance companies limit jewelry coverage to $ 1500 - $ 2500 . Check with your insurance provider to see what their jewelry limits are for personal property . If your engagement ring value is higher , then you will need to `` schedule '' that item under your renters insurance policy . Send your insurance company the appraisal document , provide a detailed description of the ring and an accurate replacement value . 