I read two conflicting reports over the past week. One survey reported by The Knot stated an average engagement ring costs $5,200 and other report I read in Men’s Health magazine said $3,800. Either way, that’s a lot of money!
Did you know…most standard home insurance polices have limited jewelry coverage, typically $3000 or less. Ask your Insurance Agent about scheduling your valuable items on your home policy, such as an engagement ring. As an example, scheduling a $5,000 engagement ring costs less than $5 per month.