(Closed) Ring insurance: Homeowners rider versus “Personal Articles”

posted 9 years ago in Rings
Post # 3
Member
2725 posts
Sugar bee
  • Wedding: September 2009

We have the same insurance company as you and my FI faced the same issue. He took it to get insured before he even proposed (yes, I’m that clumsy). And he ended up taking out a separate policy because it wasn’t quite fully covered on the homeowners.

Post # 4
Member
1562 posts
Bumble bee
  • Wedding: June 2010

i actually called to insure mine a few days after i got engaged, with the same agency that you go to…mine is the personal articles and it’s only about $5 a month to insure (I have a very nice solitaire ring that in all honestly was only $500) BUT that is still a $500 piece of jewelry I have on my finger!!!

I know when we get our wedding bands those will absolutely be insured as well.

While I trust he won’t have any issues – I tend to lose things as my memory is aweful (lost my key ring last year with my car keys and apartment keys on it…haven’t seen them since –  luckily I had an extra car key…i need to make a new one just in case again! lol).

Post # 5
Member
1042 posts
Bumble bee
  • Wedding: May 2010

Nice post, Mary Jane. I actually spoke with my insurance agent on Friday about getting my ring added to my Renter’s Insurance policy (Allstate). He said that if we itemize the ring in my renter’s policy, the maximum coverage for the ring could not exceed 10% of the entire personal property amount (so for a hypothetical example, if I had a ring worth $5,000, then my personal property coverage amount would have to be $50,000 to cover it). This 10% thing is actually going to work just fine for me, so I’m going to add my ring to my renter’s policy.

I’d encourage anyone uncertain to talk to an agent!

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