Is My Engagement Ring Covered By Home Insurance? 
It depends on what happens to your engagement ring . Homeowners insurance provides a limited amount of coverage for jewelry and the coverage is for `` named perils '' only . Examples of `` named perils '' are Fire , Theft , Lightning , Water damage ect . A better way to protect jewelry items is to schedule the items on a jewelry policy or also known as an Inland Marine policy . With a jewelry policy your items are covered for a special value and the coverage is `` all risk '' meaning anything that happens to the item is covered . Even if you lose the item or the prong come loose and the diamond falls out . 