Travelers Expands Jewelry Coverage

Travelers has announced that separate fine jewelry insurance policies are now available through the Wedding Protector Plan with coverage limits of up to $100k.

“Valentine’s Day is one of the most popular days of the year for proposals, and we’re pleased to help make it easier for couples to protect their engagement rings, wedding bands and other valuable jewelry. Adding a jewelry policy with the updated Wedding Protector Plan can give couples peace of mind so they can focus on building their future together.” – Managing Director of Personal Insurance Product Management at Travelers, Todd Shasha.

Typical homeowners insurance policies often have limits for jewelry of up to about $1,500. The average value of engagement rings purchased is ~$6,000, according to a recent survey from The Knot. Through the Wedding Protector Plan, jewelry insurance can be purchased as a stand-alone policy to make up the difference and insure rings worth more than what typical homeowner limits cover. Travelers also offers homeowners insurance, with options to purchase expanded jewelry coverage by endorsement.

Get a feel for its UI below: