(Closed) Insurance for rings

posted 9 years ago in Rings
Post # 3
3575 posts
Sugar bee
  • Wedding: October 2010

Do you have a jewelry box to put your ring in?  I put mine in its ring box each night.  But if you’re worried that your dog will get that, why not get a regular jewelry box or put your ring in the ring box and put that in a top drawer somewhere.

As for insurance, I can’t help you there.  My ring is covered under the home owners.

Post # 4
485 posts
Helper bee
  • Wedding: July 2010

You can get a jewellery rider which is a stand alone insurance policy for just the ring itself. It’s probably the cheapest option. There is coverage for jewellery under most comprehensive homeowners/tenants/condo owners policies but it’s usually a limited amount.You might want to look at getting a more comprehensive renters policy that will include coverage against all perils.

Just go see an insurance brokerage and they should help you out : )

Post # 5
3344 posts
Sugar bee
  • Wedding: August 2010

I have Jewelers Mutual for my engagement ring.  Not sure how good they are for claims since I haven’t had to use it.

Post # 6
18637 posts
Honey Beekeeper
  • Wedding: June 2009

You can add a valuable property insurance rider on top of your renter’s insurance.  I have one for about $2,000 worth of jewelry and it costs only about $3 a month I think with our other plans.  We have USAA so it might be cheaper than some other insurance plans.

Post # 7
1093 posts
Bumble bee
  • Wedding: June 2011

Another option is through Jewelers Mutual, which specifically insures jewelry.  You can just google them to find their website.  They cover loss, theft and damage.  Depending on where you live, it’s about ~$10 for each $1000 your ring is worth.  I have my ring insured with them and I feel much better and more relaxed.  I was terrified about losing or damaging the ring.  Whatever you end up choosing, it will give you the peace of mind :-).

Post # 8
3871 posts
Honey bee
  • Wedding: November 1999

If you rent or own a home, it will cost you like $30 a year to insure your ring through your insurance company.  My ring cost about $3k… so it was great when I found out how cheap it was.

Post # 9
1116 posts
Bumble bee
  • Wedding: August 2008

Like others have said, you can add your ring as a separate line item or rider on your renter’s policy.  That’s what I did while I was engaged.  I think mine was about $50 a year and covered everything – loss, damage, whatever.  If you tell your insurance agent that’s what you’re looking for (an all inclusive policy) they should know right away how to set it up.

Wherever you get your policy from, be sure to ask about the differences in premium based on what your deductible is.  When I switched insurance after I got married, it ended up being a very small difference per year between a $50 deductible and a $500 deductible, but the agent’s program defaulted to the $500 policy.

Post # 10
4566 posts
Honey bee
  • Wedding: August 2010

You can get an insurance policy through your car insurance policy! Or renters insurance. Make sure you research their offerings pretty well and ask lots of questions! I’m not even allowed to TOUCH my ring til we have insurance on it!

Post # 11
2201 posts
Buzzing bee
  • Wedding: August 2010

I just have mine through my car/homeowners insurer. I just called him up and said “I have an expensive piece of jewelry to insure, how do I do it?”

Post # 12
995 posts
Busy bee
  • Wedding: September 2009

Mine is through my car/home insurance. I pay about $30 a month…but it gives me piece of mind.

Post # 14
1051 posts
Bumble bee
  • Wedding: April 2010

Fiance was able to get a policy that covers literally ANYTHING (I’m clumsy, unorganized and irresponsible and yet he loves me anyway) as a rider to his renters insurance.  He did have to do some shopping around, but it came in handy when I plummeted down a flight of cement stairs a week after getting engaged (again, I’m clumsy, unorganized and irresponsible).  The diamond was fine but I bent a few of the prongs backwards which we were able to have repaired and reset free of charge (only has to pay deductable on the diamond).

Post # 15
1246 posts
Bumble bee
  • Wedding: June 2010

ours is 80 bucks a year with usaa for 100% coverage

Post # 16
7 posts
  • Wedding: May 2010

Please be aware with many of these policies that there is some small print.  I am in the business and have done my fair share of jewelry replacement and working with insurance companies.  Many of them don’t tell you that they only cover 80% of the replacment cost or that they will replace your diamond for you without you having any say in where it comes from or seeing it beforehand.  Trust me, Ive seen it!! It is a nightmare!

In addition, if your appraisal is not done by a Graduate Gemologist, your replacement is subject to whatever the paper says regardless of if they graded it correctly.  For instance if they graded your stone as a J color but it had some fluorescence which made it look whiter (but didn’t mention that) the jeweler replacing that can just give you a J color even if it doesn’t look as white….

So, my recommendation is Jewelers Mutual, I use them myself and many jewelry stores use them for their coverage as well…..

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