Does Renters Insurance Cover An Engagement Ring? 
A ring is personal property . Renters insurance covers personal property . The limits of the policy are stated on the declarations . Inside the policy there is a paragraph that describes the reduction in limits for personal property that is not on the premises at the time of loss . There is likely to be another paragraph that limits the companys liability for the loss of jewelry . The adjustment , however , will include a reduction for the deductible . Check the deductible on your policy . If the deductible is greater than the value of your ring you will probably be unable to recover very much of the cost of the ring . 