Post # 1
We got mine insured bcs I lose everything. It’s also expensive enough that if I lose it, I wouldn’t get another one for years. We have it as a rider on our renters insurance. I’m just wondering how common this is.
Post # 2
I think most people with rings above a certain price insure them. I have a diamond heirloom rhr that is insured and my e-ring will be insured as well. Insurance is an added expense yes, but if something were to happen to your ring it would be worth it.
Post # 3
Mine is not, but I tend not to lose things and total cost of the set was around 2k – certainly not peanuts, but could be managed if needed.
Post # 4
sarahalthea: We have my ring insured, I can’t imagine someone not insuring their ring! I had my ring for half a day, and during that time, knowing the ring was insured helped keep my calm(ish).
Post # 5
sarahalthea: One of the first things I did was ask for the paperwork so I could add it as a rider to my homeowners (I’m a romantic). I was mortified that he had it for a couple of weeks at his place uninsured. It would not really be manageable to replace otherwise (although I’m sure we would have found a way!). I was instantly more relaxed after it was on the policy. I know a lot of women whom have lost their wedding rings and didn’t have them insured. I’ve also seen quite a few signs in the restrooms at work looking for lost rings.
Post # 6
We just insured mine. It added a little more to our monthly payment but it is far too expensive not to…. better safe than sorry
Post # 7
sarahalthea: I used perfect circle for my insurance. My ring is a antique ring (family heirloom) so there really never could be any “replacing” it but it’s worth WAY more then I could afford to replace at least I know I am sort of covered. That being said I still get nervous wearing it sometimes. I say regardless of the worth always insure. Better to be safe then sorry.
Post # 8
We got my ring on Ebay for 100 pounds. . .bargain bride
Post # 9
When I was renting it was specifically added. I didn’t have to do anything special for my homeowner’s insurance though, it was automatically included with the policy.
Post # 10
mtom: Ha! I nagged him for two weeks to get appraisal paperwork to insure it. It took the ring falling off my finger to get him to see how easy it is to lose!
Post # 11
My whole set was $6 000, mostly because of custom work. I don’t want to add it onto our home insurance because that’s extra cost every month and I’m always wearing it so I won’t lose it. It’s tight to take off so it won’t slide off for sure. I paid a one time percentage fee for a store warranty so they will do any work on the ring for free as long as I get 2 ring inspections a year. Love that coverage so it’s enough for me.
If it got lost or stolen, I would consider getting something else altogether, probably moissy, so it wouldn’t be crazy expensive.
Post # 12
Yep- we insured it before he even proposed. In fact, I think we insured it the day it was scheduled to be shipped out to us, before it was even in our hands!
I was shocked to learn that my recently married friend still doesn’t have hers insured after almost two years. Her center stone is an herloom, so the ring itself didn’t cost much as he just had to pay $1k or so for the setting, but the ring itself appraises at around 5-8k, so I’d think they’d want it insured…
Post # 13
Mine is 12k and we insured it. I lose everything, so I’m not sure why FI thought purchasing such an expensive ring was a good idea! We recommend Jewelers Mutual versus adding it to your home or renters insurance.
Post # 14
We have mine insured through our content insurance. I’d never feel comfortable not having insurance for something like this. It cost more than our car! (it wasn’t an expensive car, as cars go, mind you).
Post # 15
sarahalthea: we insured mine too. I would have stressed too much if it was not!