(Closed) At what price, if any, is it not worth insuring your ring?

posted 5 years ago in Rings
Post # 3
Member
4716 posts
Honey bee
  • Wedding: January 1998

I know that my home policy has jewerly included for up to $2000. We purchased another rider off of it for $14000 to cover the loss of my wedding set. I think you should ask them how much jewerly is covered and exactly what that exactly covers. Good luck

Post # 4
Member
3358 posts
Sugar bee
  • Wedding: May 2012

maybe I can give you some perspective:

my ring appraised for about 2.5 times what DH paid for it (<$3000), we got it insured on a separate jewelry policy. his ring cost around $200. We felt that his ring was easily replaceable at that price so we didn’t insure his.

Post # 5
Member
3618 posts
Sugar bee
  • Wedding: November 2011

My ring is not insured for the opposite reason. The premium is just way more than DH and I are comfortable paying for a “just in case” scenario.

This is a decision between you and your DH. The question we discussed is what would we do if something horrible were to happen to my ring and it was uninsured.

 

Post # 6
Member
11242 posts
Sugar Beekeeper
  • Wedding: August 2013

I got mine insured through Perfect Circle. I have a .5ct total in white gold, which appraised for $2000 total (about 2.5 times what we paid for it), most of which is the gold setting. My premium is their minimum–$25/year. I’d insure it. I probably (personally) wouldn’t insure anything less than that because our premium is actually only supposed to be $20, but they have their minimums. 

Post # 7
Member
2903 posts
Sugar bee
  • Wedding: January 2011

I have mine insured with the same company that does our renters insurance/auto insurace and they only charge us $4 a month to cover it…so I guess that is around $50 a year….and it would cost us around 6k to replace my set…so I say if you can get it cheap enough, go for the insurance.

Post # 8
Member
3251 posts
Sugar bee
  • Wedding: August 2011

@vorpalette:  How strange…I use the same company and my annual premium is less.  However it will go up once we add my wedding band with FI’s band too.

Post # 9
Member
1643 posts
Bumble bee
  • Wedding: September 2012

We did a rider for my ring and it went in increments of $5k, it was just added to our existing home owners policy.

The topic ‘At what price, if any, is it not worth insuring your ring?’ is closed to new replies.

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