How to Claim Lost Wedding Ring on Insurance

Jodee Redmond
wedding ring
Loss of a wedding ring can be distressing.

If you lose your wedding ring, it may seem as if you are the only person who has ever lost this important item. However, it's quite common for someone to lose their wedding ring. While the insurance company can't replace the sentimental value that goes with the ring you received on your wedding day, it may provide you with money to purchase a ring that is very similar to the one you lost.

How to Claim Lost Wedding Ring on Insurance: Making a Report

Here are the steps involved in making a claim on your homeowners insurance for a lost ring.

Each insurance company has its own procedures for clients to make a claim against their homeowners policy. Even if the insurer you deal with allows for telephone reporting of claims, it's still a good idea to submit something in writing. (Be sure to keep a copy for yourself.) That way, you have a record of the information you submitted to the insurer and the date you did so.

Information to Provide to Your Insurer

To start to process your claim for your lost wedding ring, the insurance company will need the following information:

  • Your name and complete mailing address
  • Your phone number
  • Your insurance policy number
  • The address of the property to which the policy applies

In addition, you will need to provide the date the loss occurred and some information about the circumstances under which the ring was lost. You will want to include some information about where you were and what you were doing prior to the loss. Let the insurer know what steps you have taken to recover the ring before concluding that it cannot be recovered.

You will also need to provide the insurer with an approximate value for the ring. If you have a recent appraisal for the piece, submit it to the insurer with your other information. The document will have a detailed description, along with a figure for the replacement value of the ring.

If you don't have a recent appraisal, provide the insurance company with an approximate value for the lost ring. (A visit to a jeweler who can show you similar rings may be helpful when trying to attach a value to the missing piece.)

Processing the Claim

Once the insurance company has received your claim, it will be processed. If your claim is approved, the insurance company will provide a Claim Worksheet to the jeweler you will be working with to get the ring replaced.

Working With the Jeweler

Once the jeweler has received the necessary paperwork, you can select a replacement wedding ring from the ones on display or order one that you would be happy wearing. When the time comes to complete the transaction, the jeweler will collect the policy deductible (the amount the insured is required to pay before the insurance company will pay anything toward the claim) and have the insured sign a Certificate of Satisfaction.

The Certificate of Satisfaction and the invoice for the amount owing over the deductible are submitted to the insurance company.

Replace or Take a Cash Payment?

When the item involved in the claim is a wedding ring, many people would rather have the item replaced than to take the cash instead. The insurance company would likely rather see a person choose to have the ring replaced, as opposed to cutting a check for the replacement value, less the deductible, since this reduces the likelihood that a person is making a fraudulent claim.

These are the steps on how to claim lost wedding rings on insurance policies. If you are unlucky enough to lose your ring, it's important to report the matter to your insurer in a timely manner.

How to Claim Lost Wedding Ring on Insurance