It’s the nightmare no one wants to face: that beautiful moment where you propose to the partner of your dreams, only to have the unthinkable happen: the ring is lost. Thankfully, the couple in this video was reunited with their ring. (You can read the full story here). However, there are a large number of people who are not so lucky.

The devastating moment jewelry is lost, stolen, or ruined can wreak havoc on the gift you’ve invested in. However, peace of mind is just one jewelry insurance policy away.

Here are some of our favorite tips from one of our partners, Chubb:

Jewelry insurance 
If you want to know what properly insuring your pieces can actually mean, consider this story from White. “A client of ours had given his fiancée a million-dollar ring and unfortunately the engagement broke off. She returned the ring, but when he had it reappraised, a microscopic chip was found. We took the stone to be recut, which he insisted be done with a stonecutter in Israel. We had Brinks Security courier it to Israel, hand-deliver it to the stonecutter, deliver it back to the airport, where Brinks brought it back.” All in all, he was able to claim $100,000—the difference in value between what he purchased the ring for and what it was worth after it had been recut.

Daily care
If you own a million-dollar ring or jewelry that is far less valuable, White recommends adhering to this jewelry care checklist:

Don’t keep your most valuable pieces in your bedroom. Install a secure home safe with the appropriate fire and theft rating for jewelry or keep valuable items in a bank vault.

When traveling, keep expensive items with you at all times, or use a hotel safe (not the safe in your room). Don’t pack jewelry in your luggage or wear valuables to the pool or beach.

Replace broken or scratched crystals immediately. Even hairline cracks can let dust or moisture into the mechanism, threatening its accuracy. Check your watch clasp periodically to prevent accidental loss.

When cleaning diamonds, use mild detergent or a sudsy ammonia bath. Never let your diamond touch chlorine bleach, as it can pit and discolor the mounting. Have your prongs and mountings checked annually, since wear and tear can loosen a stone. Diamonds can scratch all other jewelry, so store them separately.

Make sure your pearls are cleaned and restrung regularly to prevent pearl strings from becoming stretched, weakened or soiled. Wipe pearls with a soft cloth after each wearing because over time, perfume, cosmetics, hairsprays, and oils and chemicals on your skin can erode the quality. To protect pearls from scratches, store them in a soft cloth pouch.

Guard against loose stone settings by having prongs and mountings checked annually. Remove gemstone jewelry while outdoors during intense sunlight or under tanning lamps, which can fade the stone. Because each gemstone is different, discuss specific care and cleaning procedures with your jewelry.