Many Engagement Rings are Uninsured
According to the research conducted by Abbey, more than four in ten (42 per cent) of engagement rings are uninsured.g
A new study by the financial services provider also suggests that a further 16 per cent of ring owners do not know whether they have insurance or not.
Lloyd Wilson, head of Abbey Insurance, explains: “With the average engagement ring costing around £1,200, it’s important to arrange insurance immediately if you’re one of the 1.8 billion planning to propose this year.”
Most of the people who own diamond engagement rings don’t realize that diamond grading certificates can help them in insurance claim.