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Ring Insurance

Top 10 places women lose there rings.

 

Loosing an expensive piece of jewelry, especially one with a lot of sentimental value like an engagement ring, can be a very heartbreaking loss. Pay special close attention to your ring when you're at these hots spots for loosing jewelry.

 

What do I do if I lost my diamond?

 

A big concern for women who own an expensive engagement ring is what to do if the diamond is lost. Fortunately, there are some solutions for lost diamonds.

Is the appraisal intended to be higher than what I paid?

 

After purchasing your diamond engagement ring for the thousands of dollars it set you back, it may come as a pleasant surprise when the appraiser tells you it is worth more than what you paid. Unfortunately, you did not just hit the prenuptial lottery. Appraisers give the jewelry items they appraise what is referred to as the "retail replacement value" of the item. This value is often inflated or marked-up to up to 10 percent of what the actual retail price is. The reason for this is simple - purchasers feel they are getting a bargain when they are told they purchased their diamond below what it is worth.

Where can I get an appraisal for my diamond?

 

Before you finalize the purchase of your engagement ring, you should take it to a certified appraiser to make sure of its authenticity. Appraisers can be found in the yellow pages or online and can be found in any major city.

Home owners and jewelry insurance.

Protecting jewelry from loss or theft is often a concern for first-time buyers of expensive engagement rings or other expensive jewelry pieces. For more expensive pieces, like engagement rings, an amended homeowners insurance policy or even a separate policy may be the best solution. Amended or separate policies will give added coverage in and away from the home, should the ring be lost, stolen or damaged. These extra policies are relatively cheap, about 10 dollars a year for most rings, and are highly recommended for pieces that are worth more than 1000 dollars.

What Type of Engagement Ring Insurance Should I Choose?

Once you’ve made the decision to insure your engagement ring, there are a few options you need to consider before you actually buy the policy.  Insurance coverage will vary on the amount they will give versus actual appraised value of the ring.  Sometimes it may only be a certain percent that decreases over time. 

Do I Need Engagement Ring Insurance?

When purchasing an engagement ring for that special someone, ask yourself, should this ring be insured. Knowing when to purchase insurance can seem a bit overwhelming but it doesn’t have to. Knowing the right questions to ask will ad in making a decision on whether or not to purchase insurance.

What is Engagement Ring Insurance?

You’ve taken a big step by purchasing an engagement ring and making a proposal to your lovely lady in hopes that you will soon experience the bliss of marriage.  You’ve worked long and hard for your money, perhaps you’ll be working a long time after your marriage to pay for the ring if you’ve decided to use any type of financing for your purchase.  It would be a shame to let a small accident such as it falling down the drain, or maybe the set falling out of it, or even a robbery take all of that away.  That’s why it is important to buy a protection policy to cover your bride’s ring.

How to Have an Engagement Ring Appraised and Insured

It is necessary to have an engagement ring appraised before having it insured. An appraisal can be done by an independent agent or someone whom is employed by a jewelry store. The appraisal has certain criteria such as representing the true market value. In some cases the true market value won’t be the same as the purchase price. For instance the ring could be on sale and reduced in price.

How To Get Engagement Ring Insurance

Engagement Ring Insurance: To Insure or Not to Insure

So you just spent a bundle of money on your honey’s engagement ring. You may be feeling a little nervous if she is the forgetful type or if she tends to misplace things. But what about theft, a diamond accidentally falling out of its setting or the classic “it fell down the drain” scenario?  All of these situations are possible and can be covered with engagement ring insurance. The question you have to ask yourself is, “Is engagement ring insurance worth it?”

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