Post # 1
Hello Lovely Bees,
I’m searching for an Insurance comapny to insure my E-Ring. My FI is sceptical about it saying it will cost too much. I think its worth having. He said I can research and we will talk about it. Please help…tell me the company and how much you actually pay a year (or month) for it. Thanks!!!
Post # 3
@GizmoQT1: You can add a floater for your ring to any existing homeowners policy at a really inexpensive rate…usually anywhere from .10 to .20 per $1,000 of value…if your FI still balks, just ask him to show you where he keeps the escrow for the full purchase price of a new ring should it get lost or stolen and you’ll forget about insuring it 😉
Post # 4
Jeweler’s Mutual. Depends on how much your ring costs, but for my old $4000 ring, it cost about 100 bucks a year I think. With my new $1000 ring it costs about $55 a year (as $1000 hits their minimum coverage price). This is all with no deductible either.
Post # 5
We added it to our renters policy. I think it’s $12 a month, well worth it!
Post # 6
@GizmoQT1: We just got our information to do it through Jewelers Mutual.
Post # 7
@maplemag: Thats what we plan to do.
Like a good neighbor, Statefarm is there!
Post # 8
I insure my e-ring ring and my Tiffany wedding earrings through Chubb. I’ve been around the block with insurance companies and they have by far the best reputation for paying personal lines claims.
Post # 9
Thank you lovely bees!!!!!
Post # 10
I got my insurance through State Farm. My agent convinced me to get a special policy, just for the ring. My ring appraised for around 5,000 and I pay $57 a year with no deductible. Definitely worth every penny and it also takes inflation into account, so as the price of gold and diamonds increases, so does my policy value.
Post # 11
@GizmoQT1: Have you insured it yet? If not, I added mine to our homeowner’s (American Family) for $50 a year. But it’s based on the appraisal of your ring, too. So it could vary.
Post # 12
- Wedding: March 2014 - A castle
@GizmoQT1: I used jeweler’s mutual insurance company. $25/year. It would take MANY years to cover the cost of my ring, so I figured it’s WELL worth it. They cover lost, stolen, damaged (chips/missing stones/etc) rings and pretty much anything else you could think of happening… knock on wood!
Post # 13
My policy is about $130 for the whole year with State Farm – completely separate from my other policies with them. I can skip Starbucks to pay for that…it’s so worth it. Tell your honey that if he can’t write a check for it on the spot, he needs to insure it. Diamonds won’t get cheaper, but they will cost more!