I never heard of such insurance before like the engagement ring insurance; have you? It's kind of new to me and hubby. Had we known this type of insurance before, we would probably insured my engagement ring then. But I think it isn't too late yet, right? Hubby bought me a couple of engagement ring; one after we got engaged, and the other one was three months after we are married. Why two if you ask? Well, I didn't ask for the second one; he told me that he wanted to buy me one with a bigger diamond on it. Now, we need to insure both of them in case somebody steal them.