Homeowners insurance alone may not sufficiently cover your engagement rings and wedding rings. People who own valuable possessions may need broader coverage than a basic homeowners policy provides. The good news is that there is additional protection available that may help cover the cost of a lost or stolen engagement ring or wedding ring.

You can add engagement ring insurance or wedding ring insurance through two options that Marshall Insurance offers: You can purchase a “Valuable Items Plus endorsement” or a “Personal Articles Floater (PAF).”

With a Valuable Items Plus endorsement, your homeowners insurance coverage is expanded to protect your valuables from loss caused by additional perils (subject to a few common exclusions). For jewelry, paintings and other fine art, you can purchase up to $50,000 of coverage; for silverware, you can purchase as much as $20,000 coverage. The maximum payment for any one item is either $10,000 or $20,000, depending on the state. You pay no deductible.

If you own valuable, rare or irreplaceable items, such as collectibles or antiques, you may want to consider the comprehensive protection offered by a PAF. In case of a covered loss, this coverage allows you to recover the value of an item (based on a recent bill of sale or appraisal). This policy provides coverage for fine art and jewelry at an amount you and Travelers agree upon. For other items, the policy provides either actual cash value, cost to repair, cost to replace or up to the insured amount, depending on the cause of loss and its current value.

Step 1. Tell us what jewelry or valuable item you need to insure.

Step 2. Fill out a brief form to tell us about yourself and your jewelry or valuable item and how much it is worth.

Step 3. Once you’ve obtained the coverage you need, enjoy your jewelry or valuable item, knowing that you’ve protected these items with insurance coverage from Marshall Insurance.