HELP!! My Ring is Lost! Should I file an insurance claim?

posted 7 years ago in Rings
Post # 3
Member
453 posts
Helper bee
  • Wedding: September 2011

Call them! Things happen and you should be thankful you do have insurance. I work in insurance and I can tell you how many times people lose things due to their “stupidity.” thats what they’re there for. πŸ™‚ dont be embarrased!

Post # 4
Member
994 posts
Busy bee
  • Wedding: September 2011

I’m so sorry πŸ™ Listen, that’s what insurance is for. Use it πŸ™‚

 

Post # 5
Member
189 posts
Blushing bee
  • Wedding: September 2011

Don’t beat yourself up! I am having the same dilemma right now, I dropped mine in a lake a week ago today :'(. Call your insurance to see how much it might raise your policy costs and decide from there…

Post # 6
Member
1110 posts
Bumble bee
  • Wedding: September 2011

AWW! I’m so sorry πŸ™

You should file the claim and don’t worry about what they think of you, they deal with this stuff all the time. I’m the same as you that I avoid things because I think people will be mad or judge me, but people are almost always nice and professional. That’s their job. IF you’re not ready to get another ring because of your loss, open an account and put the money into savings until you’re ready to decide what to do with it. I’d probably feel the way you do. I was brought up that if you lost or broke something you were supposed to take care of, too bad. But you were responsible – you got insurance in the first place.

Post # 7
Member
286 posts
Helper bee
  • Wedding: July 2011

I would say it depends on the insurance and the value of the ring. I would call the insurance company and see what it does cover and what happens in the event you do make a claim. Some insurances will make you pay a deductible, have exclusions or limits on jewelry, not cover all incidents or only be willing to replace “of-like” item. Id definitely find out more on the policy before filing though.

Post # 8
Member
2854 posts
Sugar bee
  • Wedding: May 2012

Oh no! πŸ™ I’m so scared of doing something like that. Use the insurance and just be super careful about never taking it off – it’s easier to just clean the BBQ sauce after the fact. (note, I don’t say skip the BBQ πŸ˜‰ )

We got a policy through state farm, and the agent was super-clear that it covers things just like this.

Post # 9
Member
3148 posts
Sugar bee
  • Wedding: February 2010

I’m so sorry πŸ™

this is why you got the insurance! call them. do NOT tell them that you didn’t go through the bags to look for it. just say that you took it off and by the time you realized, it was too late. 

in a way, that’s true (because the trash guys woudln’t let you go throug the bags so technically it was too late). I just feel like if the insruance company knew that you knew where the ring was but didn’t go through the bags, they would put the blame on you. 

but yes– when you insure your ring, that should include loss (not just theft). so call them!

by the way, I believe you can just ask them about the claim and how much the deductible will be before you proceed with anything official. you don’t have to proceed with the claim if you think the cost is not worth it. 

Post # 10
Member
453 posts
Helper bee
  • Wedding: September 2011

@atalante: thats exactly who I work for and we cover basically EVERYTHING.

Post # 10
Member
453 posts
Helper bee
  • Wedding: September 2011

BUMP! DOUBLE POST.

Post # 11
Member
629 posts
Busy bee
  • Wedding: October 2011

Don’t feel bad about calling the insurance company to file a claim!  That’s what it’s there for!  My fiance basically told me that he put mine on the homeowners insurance because he’s sure that I’m going to lose it somewhere along the line…lol

Post # 12
Member
6 posts
Newbee
  • Wedding: July 2009

Aw! Sorry that that happened to you! Don’t be embarrassed, this stuff happens, and that is what insurance is for! Trust me, if the situation were reversed (in some way) the insurance company wouldn’t feel bad trying to ding you for something!

Post # 13
Member
1 posts
Wannabee
  • Wedding: May 2017

I know this was first posted a while ago, but I used this forum when I lost my ring. So I wanted to post for those who maybe looking the same way I was. 

I lost my ring and was absolutely devastated. Fortunately, I had a state farm personal articles policy. I had given them the appraisal at the time of insurance and paid the premuim (based on the appraisal value) so that I would not have a deductible if ever loss. 

When I lost my ring I called the claims department. They sent the information from my apparaisal to their jewler and then after about a week their jewler gave us an appraisal based on the specs of the ring from the previous appraisal. This was substantially less than the value originally appraised at (a value for which I was paying the premium). Statefarm gave us the option of cashing out and recieving a check for the appraisal value from their jewler or using thier jewler to replace the ring. Ultimately we decided to cash out because we didnt want to go through a process of using a jewler we didnt trust. We were able to get a similar ring without a significant loss. At the end of the day, I dont think Statefarm made the process difficult and it was pretty fair. My advice is to make sure your ring is appraised accurately, because this will determine how much you will get back. It was a little annoying that I was paying a higher premium for a ring they valued at less, but there is no way to predict what their jewler will say. 

 

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