Engagement Ring—Who Should Insure?

We would like your opinion concerning who has an insurable interest in an engagement ring. It has always been our opinion that when a man proposes marriage and gives the woman a ring that it is considered a “conditional gift.”

There appear to be two schools of thought as to who should insure the ring. Some feel the man has an insurable interest in the ring even though it is no longer in his physical possession. Others say that since the ring is in the woman's possession the interest is hers and she should insure it.

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