Is your engagement ring insured? My engagement ring is the only real jewelry I own that's worth anything and I have had it insured since we got engaged. I am trying to cut down on some costs so we're in the process of getting new homeowners insurance and adding the ring to our policy increases the premium about $70/year. I guess over the course of a year $70 isn't that much, but I am wondering if it's worth it? I stay home now, so I am not wearing the ring nearly as much and a lot of time I just throw on my wedding band. But, if the diamond fell out tomorrow we probably wouldn't be able to afford to replace it right now and I would be devastated. Just wondering what others do!