Lost a small stone in engagement ring. How does it work with insurance?

posted 2 years ago in Rings
Post # 3
8585 posts
Bumble Beekeeper
  • Wedding: December 2013

Honestly it may not be worth claiming such a small diamond on your insurance. It could cause it to go up. I would go to a few local jewelers first to get some quotes. I don’t think it would cost much to have a tiny diamond replaced.

Post # 4
1517 posts
Bumble bee
  • Wedding: February 2012

I would not submit a claim over the loss of a small diamond. Your rates which will likely rise might make doing so cost prohibitive.

Looking fo a trustworthy jeweller is a whole other kettle of fish. Cannot help you there.

Post # 5
94 posts
Worker bee
  • Wedding: December 2014

Your ring may still be under warranty. I had a small diamond fall out, and it was still under a year. They replaced it with no issues. They actually cleaned and redipped it as well with no charge. I love them. 

Post # 6
82 posts
Worker bee
  • Wedding: Detroit

I cracked one of the stones in my engagement ring a few months ago.  When I noticed it, I took it to the jeweler and had them take a look at it.  I asked her if she thought I should make a claim or pay out-of-pocket.

The jeweler advised that I make a claim because replacing the 1/2 ct. stone would be more than my deductible.

So that’s what you need to know:  What is your deductable?  $500?  $1000?  That will probably make a big difference for you.  It may not be worth making the claim and your insuance premium may go up.

Your best bet is probably to take it to a jeweler to get an estimate.  Then you can decide if it’s worth making a claim.  If so, THEN call your insurance company to make the claim.  Don’t have the repairs done first if you’re planning to claim it.

Post # 7
539 posts
Busy bee
  • Wedding: July 2014

I have a $0 deductible and i still personally wouldnt make a claim for something that small.  A small hidden stone should not cost that much to replace.  I would take the ring to jewelers in your area and get some estimates before you decide what you are going to do.

Post # 8
1903 posts
Buzzing bee
  • Wedding: TBD

The Jeweler FI bought my stone from said he always has small loose diamonds laying around and to just bring it in and he’d replace any stones that fell out of my setting for free. 

I suggest you explore this route before you submit it to the insurance. Go back to where your guy bought it and tell them what happened.

Post # 9
585 posts
Busy bee

CoreopsisTinctoria: I lost one of the pave stones about a month into getting mine. The jeweler replaced it at no cost. It was probably still under warranty, I don’t know. I cried and cried and cried, then I took it and they were like “oh no biggy, it happens” especially at first because they haven’t “set in” yet.


Also the <br> stuff is because you are hitting “shift enter” instead of just enter. 🙂  

Post # 10
194 posts
Blushing bee
  • Wedding: July 2014

CoreopsisTinctoria:  it wont be worth claiming, because you will still have to pay a deductable and really if its a small diamond it will prob only cost 100-200 i have a 1/8 diamond on my band and it only cost me 100. so it was not worth claiming it with insurance

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