An engagement ring can fit under a homeowners or renters policy and still be underinsured. The real question is not simply whether jewelry is listed as personal property, but how much the policy will pay, which causes of loss qualify, and what deductible applies. For a lower-value ring, existing property coverage may be enough. For a more expensive ring, scheduled jewelry coverage or a standalone jewelry policy can close important gaps. How homeowners and renters insurance usually cover an engagement ring Standard homeowners and renters policies generally treat jewelry as personal property. An engagement ring may therefore be covered when … Read more