Post # 1
I currently have StateFarm for our condo owner’s insurance and for car insurance. I am not yet engaged, and do not yet have a ring… when the time comes I will definitely want to get insurance in case it gets lost or stolen. I don’ think my condo policy covers loss of personal items. Just theft.
Right now, I own a pandora bracelet that I wear frequently… totalling it all up, the bracelet and charms are valued at $1,040… I am thinking about getting insurance on this bracelet.
Anyone have expereience with this? I am concerned with having to come up with an appraisal since all the charms were acquired at different times and I don’t have reciepts. Do you think its asking too much to have my jeweler do an appraisal? This is where we will be getting my ring, and also the place that I have purchased many of my Pandora charms from.
Post # 3
My jewelery is under our renters’ insurance (We’re Geico). It was super easy and very affordable!
I don’t know about insuring Pandora bracelets, though!
Post # 4
Thanks! Does that cover loss if you are outside of your home also? Like, if you lose your jewelery while on vacation, will Geico pay for a replacement?
I am guessing my condo insurance just covers if the bracelet is stolen from INSIDE our condo? I emailed my agent though to find out..
Post # 5
@highschoolhoneys: Yep! If it’s lost or stolen anywhere they’ll pay for a replacement (even on vacation in a foreign country. DH double checked before we left on our honeymoon!)
Post # 6
My rule of thumb for insurance is to only get it on pieces you can’t afford to replace in case it is lost or damaged. You can replace your Pandora and beads if you lose it, right? Skip the insurance for larger ticket items (like $5k+).
Post # 7
(and what some people do is “self-insure”.. meaning they find out whatever $ it costs monthly to have insurance, and put that away into an account or piggy bank. Usually in a few years, you’ll save up that $1K to “insure” your bracelet with in case it gets lost or damaged)
Post # 8
I have a personal articles policy with State Farm for both my rings, valued under 5K. I pay $3 a month for it. Totally worth it! All it took was sending the appraisal in. Easy!
Post # 9
It will cover you for almost anything/anywhere.
Post # 10
Post # 11
I have my ring insured with State Farm valued at $8,000 under our homeowners policy. The ring would be replaced if it was lost, stolen, broke, fell down a sewer drain, pretty much if anything were to happen to my ring they would cut me a check for $8k. I pay $50 a year for this policy.
Post # 12
I have my Pandora insured under our home insurance. i think you can do this for just about anything of value. My total collection is worth $7,000 though, so I don’t know about something worth only 1,000. My laptop is worth 1,000 and I don’t have that insured.
I guess it all depends on how much you do while wearing an item. I’m personally very careful with my bracelets, so I think if I had only one I’d pass on insuring it. I insured my collection just in case something were to happen to my house while I’m gone and I have four other full bracelets left at home with the potential to be ruined. I feel pretty safe having it on as long as I’m not rock climbing or something, lol. Even then I rock climbed at a place my fiance and I went to (Triple Falls, NC where they told you not to climb up the waterfall, lol) and accidentally had one of my bracelets on with a couple of charms and all that happened was it got a little scratched. They’re tougher than they look. I wouldn’t worry about it until your collection reaches above 4,000 or so.
Post # 13
My ring is insured through Perfect Circle because my renter’s policy would barely cover the value of the ring. It ended up being less and the premium is paid annually. They were great to work with, but I’m sure once we purchase a home I’ll add it into our homeowner’s policy for consolidation’s sake