Define your wedding style and get matched with local vendors. Create your free custom website to share with family and friends. Get a personalized spending plan based on your unique budget. Gather addresses, collect RSVPs, track thank-you notes and more. Streamline your vendor contacts and get pro recommendations. Your retail, cash, experience and charity registries, all in one place. Already a member? The best course of action is being prepared for anything.
Which is why, in the midst of all the engagement excitement and happiness, you should consider purchasing insurance for your engagement ring. The first step is to get the ring appraised by a graduate gemologist. A receipt for your purchase may also be acceptable, so check with your insurance provider to see what they require.
The important thing is to get insurance as soon as possible; many times insurers will allow you to start the process of buying the policy before the appraisal is complete.
Also consider whether the options your homeowners or renters policy provides are sufficient for the level of coverage you want. Questions to ask include:. Of course, the cost of insuring your engagement ring will vary depending on your insurance company and what exactly is being covered.
As with any valuable you adore, insuring your engagement ring lets your bride-to-be wear her ring with confidence and pride, enjoying its beauty without worrying about damage or loss. You'll want to ensure the ring to its full value. Agami relays that you should do so through a reputable insurance company such as Chubb , Pure , Travelers , or Jeweler's Mutual.
Agami goes on to explain that, just as what type of ring you purchase is a personal decision, so is the insurance company you select to insure the ring. In the event something does happen, you don't want the insurance company deciding what new ring or diamond you'll get. A pro tip is to have your ring reappraised for insurance purposes and have it appraised for full retail value. Lastly, if you're wondering whether your partner should be informed that the ring is insured, the answer, once again, is a resounding yes.
By Katelyn Chef October 06, Save FB Tweet More. Related Items. Potential Loss or Theft. Measure content performance. Develop and improve products. List of Partners vendors. Erin is a writer and educator born and raised in New Jersey. From the moment you say "yes," chances are you'll be rocking a shiny new addition on your left hand. While it may be the last thing on your mind during such a happy time, with great rings come great responsibilities —including engagement ring insurance. Engagement ring insurance is a contractual means of risk management to protect you from financial repercussions in the event of physical loss, theft, or damage.
The policies typically extend to all jewelry items submitted to the coverage scope and result in either replacement, repair, or cost reimbursement.
What happens if you lose your ring? If someone steals it? If it gets damaged? You don't want anything to happen to that beloved rock. Whether you've left your engagement ring accidentally behind on the beach, lost a stone at the gym , or had your ring stolen, ring insurance can offer financial protection and peace of mind when you need it most. While anything that happens to your engagement or wedding ring is heartbreaking, knowing it's properly insured can help to soften the blow. Although no two insurance policies are alike, it can be reassuring to know that you have some safeguards and protection against some of the more harrowing possibilities life throws at you.
Meet the Expert. Tyler Krowiorz is the brand marketing manager for Jewelers Mutual Insurance Group , a company that has been providing insurance to the jewelry industry since He has over a decade of experience within the company. We've compiled a comprehensive guide to engagement ring insurance and asked Krowiorz to weigh in on what it takes to make sure you'll be able to enjoy your ring for years to come—no matter what life throws at your left hand.
Here's everything you need to know about getting your wedding rings insured. The cost of coverage will vary greatly based on several factors including the value of your ring, where you live and theft rates in the area , and whether or not your policy has a deductible. Premiums will always be higher for policies with lower or no deductibles. Krowiorz adds that insurance typically costs between one to three percent of the value of the item being insured but can be outside this range based on individual risk characteristics.
0コメント