Pru: Lost wedding rings total £94m

09 June 2006
According to the findings of Prudential Home Insurance, £94 million-worth of wedding and engagement rings go missing within the first 12 months of marriage.

The leading insurance provider claims that despite one in ten Britons losing their wedding ring within the first three months, nearly two-thirds (61 per cent) have no insurance to cover the loss.

The survey also showed that the average engagement ring cost £1,576 and the average wedding ring £385, meaning that mislaying such items of jewellery was a massive financial as well as emotional loss.

"People should be conscious of the fact that whenever you buy an expensive item, a wedding ring for example, you should check your insurance policy," said Peter Gerrard, senior researcher for Insuresupermarket.com.

"It is not the first thing everybody thinks of, especially when you get married and you have got other things to think about," he added, before warning, "it's always wise to check if items are covered before, rather than after, the worst happens".

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