Post # 1
We are looking to get FI’s ring insured, and I had never heard of getting a ring appraised if it didn’t have a diamond in it. His is plain yellow and white gold, no diamonds. Are men’s wedding bands supposed to be appraised? Does it have to be to get insured? Did you get your FI/husband’s ring insured?
Post # 3
I wouldn’t typically insure something worth less than 1k, but if you want to insure it, nothing is stopping you.
Post # 4
We didn’t have to appraise our rings to get them insured. We just got a valuable property rider on our homeowners insurance for a certain amount. Just keep the receipts for any ring covered by the plan.
Post # 5
Check your renter’s/homeowners insurance. Most cover jewelry loss up to $1k or $5k depending on the plan. You only need a separate insurance rider if you want more coverage than that.
Post # 6
Depending on your home insurance, you might or might not need to get it appraised. For example, mine takes the value from my ring appraisal and insures it for that value exactly. It’s up to me to update the appraisal every once in a while to make sure it’s insured for the correct amount. My mom just added an extra allowance (rider?) to hers. She pays a flat fee and gets up to $7000 covered. It just depends on the company I think.