Post # 1
I am recently engaged and found this site about 2 weeks ago and love it! Right after announcing the engagement at my office, a coworker asked me if I had an appraisal for my insurance company. In my mind, I was thinking, "A WHAT?" I mean I knew what they were, yet never thought I would need it. A little background with me wearing jewelry: I havent worn a ring since high school senior year 7 years ago and it was less than $300. Now, I am truly in love with my ring and would be highly depressed if something happened to it.) After doing some research, I found a great appraiser that personally went over every detail of my ring with me and gave 2 copies of the appraisal. He was reasonable ($75 to be exact) and had credentials from GIA and CGA with close to 40 years experience AND continuing education. Another friend picked this appraiser for me because she worked for a jeweler and under the importance. I currently live at home with my parents and here comes the questions: see poll
Also, has anyone experienced losing/theft of their ring, and having the insurance co replace it? Is it like making an insurance claim on a car, or much more painful?
Thanks for all your suggestions before hand!!
Post # 3
I found it very easy to add a rider to my renter’s insurance. It was really quite easy!
Post # 4
Whether you can get a rider on your renter’s insurance depends on the value of the ring. My renter’s insurance jewelry/personal articles clause covers only pieces worth less than $1,200. From looking at your ring (which is beautiful!) I suspect it is worth more than that, so you will probably have to get it its own policy.
You can probably go through the same company that does your renter’s insurance. Find out ahead of time what replacement circumstances are covered. Mine covers loss, theft, abject stupidity :). Thankfully I’ve never had to make a claim, but you can ask about the process when you get your policy too. It shouldn’t cost too much (mine is about $100 a year for a ring worth several thousand dollars) so I just made one payment a year and am done with it. Good luck!
Post # 5
Here’s how my ring is insured: I use the same company for my car & renter’s insurance. Additionally, I have a "valuable personal property" policy to cover my jewelry in general but it covers up to $2000 (i think). Since my e-ring is more expensive than that, I had to get a rider policy specifically for my ring. My insurance required i have that general jewelry policy first before I could get the policy on my ring, but my suggestion would be to call your insurance company and find out the specifics of how THEY do it since insurance companies can differ on this.
Post # 6
thanks ladies! i was able to get a rider attached to the insurance policy. thanks for the input.
Post # 7
I got an endorsement to my renter’s insurance – my Fiance got an appraisal of my ring from the place he purchased it and I just faxed my insurance company the appraisal. I think there is a 500 deductible if I make a claim on it, but it insured to the full value of my ring. DEFINITELY worth it. I think the insurance on it is less than 100 a year.