Insurance For Engagement Rings

After buying an engagement ring you can protect your investment with jewelry insurance.

Insurance for engagement rings. Whether your wedding and engagement rings are 500 or 50 000 an insurance policy is a way of honoring not just their financial value but what they represent. Your soon to be fiancé or fiancée can insure the ring as soon as it s purchased and in their possession much like you would insure a car. Engagement ring insurance is an endorsement or standalone policy that protects your ring against damage theft or loss. In other words you ll need to pay between 1 and 2 per year in order to keep your ring insured.

Diamond company de beers first introduced the idea of spending a month s salary on an engagement ring in the 1930s and in the 1980s this became two months. Before locking in insurance for your engagement ring it may be worth getting it professionally valued. Does my home insurance cover my engagement ring. The sentiment behind your rings is priceless but the rings themselves can be replaced if they re insured in the event that something happens to them.

Insurance cover especially designed for engagement rings. Some jewellers may charge a fee for producing a. The biggest fear with engagement rings is that the settings will become loose and the stone will be lost the diamond forms the bulk of the value in the ring and our policy will cover the actual physical loss of the diamond. Jewelry is not always automatically fully insured.

You can buy a stand alone policy or get limited coverage often 1 500 or less through your homeowners or renters insurance policy. Engagement ring insurance valuation will determine the yearly price of the insurance. This is so you are aware of the cost of the ring and can use the valuation certificate as evidence when making a claim or to use if you choose to specify your ring under your contents insurance. You ll need to check your policy documents or speak to your insurance provider to find out.

In the event of loss theft or accidental damage jewellery and valuables insurance can help to cover the cost of repairing and replacing watches wedding and engagement rings bracelets necklaces earrings and more where home or contents insurance can fall short. On your first year s premium for a new policy purchased online. Just contact us or your insurer to insure the full appraised value. You can typically add jewelry to a homeowners renters condo or manufactured home policy.

Contents insurance 15 off. Get engagement ring insurance as soon as possible.