Post # 1
We got my ring as a mall store. it’s covered for cleaning and stone replacement for life, and for theft for 2 years. Do we need to insure it for more or is this enougH? And how else would we insure (ie, via renters insurance?)
This topic was modified 2 years ago by yogahhh.
Post # 2
We have lifetime coverage but we also just added it to our home owners insurance as well. I would rather be safe tham sorry, plus it was pretty cheap.
Post # 3
yogahhh: I also got a piggy back on my renters insurance. Its actually a completely separate jewelry policy that covers my diamond studs too. As soon as we buy our bands those will go on it as well. The reason we did this, is because the separate policy was cheaper than adding it to our renters. Then the company gave us a discount since we now do vehicle, renters and jewelry with them. My premiums are a little high, but I get really paranoid about not having enough coverage.
Post # 4
I got a stand alone policy from perfect circle insurance. My main concern was covering “mysterious disappearance” because if your ring falls off or you lose it some way, it won’t be covered by a lot of company riders or the additional warranty you get from the store
Post # 5
Mine is insured through perfect circle. It doesn’t cost that much per yea and it’s the only way (that I know of at least) that your ring is cult protects from everything, including loss. Renters insurance or the warranty from the store will not cover this. check it out, I think it’s worth it!
Post # 6
My daughter insured her ring with perfect circle and it’s a good choice for someone just starting out. My higher end jewelry is insured as a separate rider on our homeowners policy. Believe it or not, I’ve had to make a claim three times, twice for loss, once for theft – by one of the individuals who put our security system in. How’s that for irony? I’m a big believer in insurance, obviously.
Post # 7
I second Perfect Circle/Jewelers Mutual insurance. It’s well worth the money.
Post # 8
I would. I’m insured under the jeweler, but that’s only if the ring/prongs break or something. I was only going to keep my separate insurance policy for a year or two, however a close friend of mine lost her rings and would have been out several thousand had she not had her separate policy. Definitely made me rethink keeping it!
To give you a price idea, my insurance value is $12k and I pay $125 per year. I think it is worth the peace of mind!
Post # 9
We also used Perfect Circle to ensure my engagement ring/wedding band, my fiance’s wedding band, and a few other pieces. We pay $700 annually, but your premium will vary depending on the value of the insured jewelry. I think it’s something like 2-3% of the appraised value. It’s SO WORTH IT if you accidentally lose your ring or if it gets stolen!