Does anyone insure their moissanite, morganite, gemstone engagement rings?

posted 3 years ago in Rings
Post # 2
Member
296 posts
Helper bee

Me and my boyfriend bought my engagement ring together, it’s a silver ring with white topaz, beautiful milgrain and brown diamonds. The cost of the ring was only 330 dollar but we decided to insure it as the jeweller had a really good offer (two years insured for one off payment of 17 pounds). I was a bit ambivalent at first, feeling it wasn’t an “expencive enough” ring to insure, but we are both young and absolutely skint, the ring is expencive for us and I feel a lot calmer knowing that I’m not going to be without an engagement ring if something does happen to it.

My opinion: Insure your engagement ring if you can. 🙂

Post # 3
Member
1505 posts
Bumble bee
  • Wedding: June 2013

Absolutely!!  My gemstone ering was insured the day after he bought it.  our wedding bands are insured too.

Post # 4
Member
1197 posts
Bumble bee
  • Wedding: November 2015

You brought up a good point! So I just asked my boyfriend and he said it’ll probably be a good idea to do since my moissanite ring will still be around 2-3k when it’s all said and done. I think it’s still something you’d want covered; god forbid, but in case.

Post # 6
Member
3223 posts
Sugar bee
  • Wedding: April 2015

My home insurance covers jewellery up to a certain amount (I thin $1500 or $2000) for no additional cost. If someone’s ring is around that amount, I would double check to make sure whether it falls under the purview of the insurance they currently have! 

My wedding band will be added to our current insurance at no extra cost. 

Post # 8
Member
354 posts
Helper bee
  • Wedding: October 2013

State Farm insures my ring. It’s $30/year for a personal articles policy. Homeowners only covers ALL of your jewelry, furs, clothing, etc up to $1000 (on my policy it’s $1000). With a personal articles policy, it only covers the ring for the full replacement value.

You can add other things too if you want – laptops, an Xbox…etc.

Post # 10
Member
1828 posts
Buzzing bee
  • Wedding: December 2013

TrueLove407:  My alexandrite ering is definitely insured. It is a rider on our insurance policy and cost about $10 a month but that is based on appraised value so yours should cost much less.

And an FYI…just because something is not a diamond does not mean it’s value is less. An equivalent size and quality diamond costs much less than my stone did.

Post # 11
Member
390 posts
Helper bee

  TrueLove407:  Mine is still in production but I will be getting it insured as soon as I get it. Our ring wasn’t expensive either, about 4k, but if something were to happen to it the last thing I would want to worry about is paying another few thousand to replace it.

I will be using Perfect Circle by Jewelers Mutual Insurance Company because in addition to jewelry loss, damage and theft they also cover mysterious disappearance. I hear about people losing their ring more than it being stolen so “mysterious disappearance” was very important to me.

  • This reply was modified 3 years, 3 months ago by  dulcevida.
  • This reply was modified 3 years, 3 months ago by  dulcevida.
Post # 14
Member
723 posts
Busy bee
  • Wedding: May 2014

When all said and done my e-ring was just under $1700 and my wedding band another $150 FI’s wedding band was $15 so total we are less than $2000 for both of our “wedding sets”. We do not have them insured and do not plan on buying insurance for them. If they were lost/stolen, we would be able to replace them easily. 

Post # 15
Member
107 posts
Blushing bee

My FI’s Moissanite set will be.  

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