So, you have finally decided it is high time you get a fitting engagement ring for the love of your life. This unique symbol of your love is precious, and while you can't ever imagine anything happening to it, you have to be smart and be prepared. What if you accidentally drop it down the garbage disposal? What if you visit the zoo, and it falls off your finger as you are leaning to get a better look at the lions? You won't think of jumping in to grab it though. For these problems and more, you need a good insurance policy.
Don't think for a second it is unromantic, there is nothing more romantic than protecting the true meaning of and value of an engagement ring. Let's take a look at what you need to know about insurance policies for wedding rings.
Your Guide to Wedding Ring Insurance
Getting an Insurance- Engagement ring insurance can be purchase through a couple of ways. You can go through your homeowner's insurance. An extension on this insurance, known as a 'rider' is able to provide you with the protection you need for items inside of your home up to a certain value. Most of the time, expensive items like televisions, electronics, art, and engagement rings can be covered through this type of policy. The second way to get an engagement ring insurance is through a jewellery insurance company. These are companies that specialize in protecting your jewellery and will most likely provide more protection than your homeowners insurance.
Who Needs Ring Insurance- If you are a couple with an engagement ring, then you need to purchase ring insurance for your own peace of mind. While many of us attach some sentiments to engagement rings, the ring itself can still be replaced at the event of any lost or damage.
How it Works- When getting an insurance for your ring, you will need to get the ring appraised and to provide the documents to the insurance company. If the ring is insured under your homeowner or renter's insurance, do remember to change it when you move. In some cases, some couple whom insured the ring in the bride's parent's policy after engagement forgot to add it to their own policy later. Ensure that the ring is covered under the house you currently live in.
Before Picking Your Insurance
Before picking your insurance, ensure to find out everything you can about the insurance provider.
Will my ring be covered if I lose it, or does the coverage only apply if it is stolen?
How can you replace the ring? At the event of replacement, will you get a check in the mail or a replacement ring?
What if the ring is a vintage engagement ring? How will the policy provider determine how much the ring is worth and what will be done if it needs to be replaced?
Will the full cost of my ring be insured, or will I only receive a part of the total cost if it is lost or stolen?
What type of incidents are not covered in the insurance policy?
What is the amount of the policy?
Whatever insurance policy you decide on for your engagement rings, make sure to read the policy thoroughly, especially when it comes to the fine print. The best policies will keep your ring safe, no matter what happens.
Don't think for a second it is unromantic, there is nothing more romantic than protecting the true meaning of and value of an engagement ring. Let's take a look at what you need to know about insurance policies for wedding rings.
Your Guide to Wedding Ring Insurance
Getting an Insurance- Engagement ring insurance can be purchase through a couple of ways. You can go through your homeowner's insurance. An extension on this insurance, known as a 'rider' is able to provide you with the protection you need for items inside of your home up to a certain value. Most of the time, expensive items like televisions, electronics, art, and engagement rings can be covered through this type of policy. The second way to get an engagement ring insurance is through a jewellery insurance company. These are companies that specialize in protecting your jewellery and will most likely provide more protection than your homeowners insurance.
Who Needs Ring Insurance- If you are a couple with an engagement ring, then you need to purchase ring insurance for your own peace of mind. While many of us attach some sentiments to engagement rings, the ring itself can still be replaced at the event of any lost or damage.
How it Works- When getting an insurance for your ring, you will need to get the ring appraised and to provide the documents to the insurance company. If the ring is insured under your homeowner or renter's insurance, do remember to change it when you move. In some cases, some couple whom insured the ring in the bride's parent's policy after engagement forgot to add it to their own policy later. Ensure that the ring is covered under the house you currently live in.
Before Picking Your Insurance
Before picking your insurance, ensure to find out everything you can about the insurance provider.
Will my ring be covered if I lose it, or does the coverage only apply if it is stolen?
How can you replace the ring? At the event of replacement, will you get a check in the mail or a replacement ring?
What if the ring is a vintage engagement ring? How will the policy provider determine how much the ring is worth and what will be done if it needs to be replaced?
Will the full cost of my ring be insured, or will I only receive a part of the total cost if it is lost or stolen?
What type of incidents are not covered in the insurance policy?
What is the amount of the policy?
Whatever insurance policy you decide on for your engagement rings, make sure to read the policy thoroughly, especially when it comes to the fine print. The best policies will keep your ring safe, no matter what happens.
About the Author:
Global Diamonds features diamond rings, engagement bands, and a wedding rings. You can also find specially designed piece of rings at Diamond-rings.co.nz.
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