Average cost of engagement ring insurance??!

posted 6 years ago in Rings
Post # 3
Member
121 posts
Blushing bee

you might need to say where you’re from to find the right bees to help you.

Post # 4
Member
14421 posts
Honey Beekeeper
  • Wedding: June 2011

$10 per $1000 of appraised value

Post # 5
Member
5296 posts
Bee Keeper
  • Wedding: January 1993

It’s a $40 rider on our renter’s insurance through American Family.

Post # 6
Member
2295 posts
Buzzing bee
  • Wedding: April 2013

Theft was covered under my existing homeowner’s policy, but I was quoted an additional $10 per $1000 of appraised value per year (like the above poster) as a rider to cover “mysterious disappearance” (aka loss).

Post # 7
Member
2203 posts
Buzzing bee
  • Wedding: May 2013

i added it to our renters insurance and seems like it was a little over $10/1000 bc my ring appraised for $2300 more than the old appraisal (it was his moms) and so i got a bill for $28 last week to adjust coverage

Post # 8
Member
79 posts
Worker bee
  • Wedding: September 2013

Mine is insured under our homeowners policy and I believe it is $150 a year

Post # 9
Member
2 posts
Wannabee
  • Wedding: October 2013

I have it hooked up with my rental policy, and it’s about $30/year.  Totally worth it for peace of mind!!

Post # 10
Member
3697 posts
Sugar bee
  • Wedding: May 2012

Get it appraised (though it should come with an appriasal) and call your homeowner’s or rental insurance carrier.  Mine is on our homeowner’s policy.  It’s pricey but worth the peace of mind.  I’ve added some other jewelry to the rider since we married and I moved in, also.

Post # 11
Member
924 posts
Busy bee
  • Wedding: January 2015

To schedule it so if the stone falls out, stolen, anything averages $10-15 per thousand.

I’m an insurance agent and we have paid out claims for everything – someone left it on the sink in a casino when she took it off to wash her hands, someone lost it and didn’t know when or where, a lot from just losing the center stone, one had a raccoon get in the house and the husband got a baseball bat and was smashing around on the kitchen counter and accidentally hit the cup where the wife had her ring soaking and smashed the ring. Someone had a Christmas party and one of the guests stole all her jewelry.

We had a claim for a wedding dress. The couple got married and went on their honeymoon. She left the dress hanging up in their bedroom. A squirrel somehow got into the house and ruined her dress among other stuff while it was trying to escape. We paid the claim!

Post # 12
Member
4714 posts
Honey bee
  • Wedding: January 1998

We have $15000 on my 3 rings. $15000 divided by ten was $150/year which is $12.5/mth. We were paying $32 dollars a mth on the house insurance and now we pay $44. Hope that helps

 

Post # 13
Member
6998 posts
Busy Beekeeper
  • Wedding: February 2011

I think I pay $8.00 a month through our credit union.

Post # 14
Member
8042 posts
Bumble Beekeeper
  • Wedding: December 2013

Try Jeweler’s Mutual. They do policies exclusively for jewelry and seem to be very comprehensive. I plan on going w. them once I get my rings.

It’s really not bad. I was playing around with the quote request thing and I think it was under $300/year to insure around $20K worth of jewelry.

Post # 15
Member
4952 posts
Honey bee
  • Wedding: July 2012

I’ve been looking at Jeweler’s Mutual. It’s pretty affordable. Where you live can make a difference in price as well.

Post # 16
Member
5002 posts
Bee Keeper
  • Wedding: September 2013

Mine’s like $10 a month for my ring >$10K appraisal value. So worth it!!!

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