Engagement Ring Insurance: The Gift that Keeps Giving

Pear Shaped Diamond

When it comes to taking care of your expensive items such as your car, your boat or even your house, you don’t take the short road. Purchasing insurance for the sole purpose of  peace of mind and any accidents that may occur applies all of these examples and more. So wouldn’t it make sense to purchase insurance on your diamond engagement ring? Of coarse it would!There are a few options to go about insuring your engagement ring. Engagement ring insurance can be purchased as an extension for your renters or homeowners policy. Both of these policies cover the items in your home, but only up to a certain amount. Expensive items such as engagement rings, family valuables, and electronic appliances are only covered through an insurance policy extension that covers these particular items. Another way to go is to find a company that specializes in jewelry insurance, depending on the company you choose, they may offer more coverage than others. So do your research and pick the right plan for you!

Verragio your perfect

Who should apply for engagement ring insurance? To be honest, any couple with jewelry that has high material cost or extreme sentimental value. Even if your engagement rings cost $100 or $100,000, an insurance policy is a way of honoring the financial value but also gives you peace of mind. The sentiment behind your engagement rings is surely priceless, but honestly the ring can be replaced  if they are properly insured. No matter what the accident may be.

Uneek Love

To execute the insurance policy you will need to come prepared to the insurance agent. Bring the proper paperwork (ie. receipts, appraisal, any certificates that may have come with it, as well as the insurance fee). Some couples will get the ring insured before the wedding, but forget to add it to the policy for their new home when they move in together. So when you are inquiring about engagement ring insurance keep in mind some questions to ask. Is the ring covered if it gets lost or stolen? How will you replace the ring if such an occurrence does happen? How do you prove the ring is really stolen? These questions and more should be answered by your insurance agent when you are insurance shopping.

Uneek Engagement Ring

The cost to insure your ring is usually based yearly, for $1 to $2 for every $100 that it would cost to replace. In layman’s terms this means that if your ring would cost $8,000 to replace, you might expect to pay between $80 and $160 per year to insure it, this will vary depending on the crime rate in each city. Which ever insurance policy you go with, remember the peace of mind that comes along with it. It is truly a gift that keeps on giving!

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