(Closed) Is it worth getting the insurance for e-ring?help

posted 6 years ago in Rings
  • poll:
    YES : (91 votes)
    95 %
    NO : (5 votes)
    5 %
  • Post # 3
    353 posts
    Helper bee
    • Wedding: August 2012

    I definitely think insurance is worth it, if you think about it, $225 a year is less than $20 a month.  Even though over time you may end up paying nearly what the ring cost, think about it – would you have give or take $16k in your bank account at a given time if God forbid anything happened to the ring?  If so, its not worth it.  If not, it is.


    Post # 4
    3265 posts
    Sugar bee
    • Wedding: February 2014

    I was going to say if it costs only a few hundred then no don’t worry. But 16k? YES. GET THAT BABY INSURED.

    Post # 5
    7437 posts
    Busy Beekeeper
    • Wedding: February 2013

    I really want to get insurance for my ring, but Fiance doesn’t think we should. Ugh!

    Post # 6
    1427 posts
    Bumble bee
    • Wedding: November 1999

    @ddsfam:  Have Jewelers Mutual quote it. Farmers doesn’t cover chipping or “mysterious disappearance” plus if something happens to it; your home premium will increase for three years once you file a claim.

    We have Farmers insuring everything (home/auto/umbrella) but our jewelry is through Jewelers Mutual.

    Post # 7
    5956 posts
    Bee Keeper
    • Wedding: April 2018

    I’m an insurance agent and I can’t tell you how many sobbing wives I’ve listened to and consolled through a lost or damaged ring because they didn’t want to go to the trouble or pay the cost to insure it….in ratio to the cost of the ring, the $225 additional premium to insure it is paltry, and since your balking at that cost, I assume you cannot afford another $16,000 ring?  Farmers offers installments on their homeowners/auto polilcies so if you boil that down over a 10 pay plan, the additional $22.50 is quite reasonable. 

    Being careful has nothing to do with anything, if all the careful driver’s of the world never had a car accident, people like me and companies like Farmers would go out of business….accidents happen in spite of our best intentions, that’s why we have insurance, for the things you didn’t intend to have happen.

    Post # 8
    3265 posts
    Sugar bee
    • Wedding: February 2014

    @missporkchops:  I second the Jeweler’s Mutual. They cover more than just it being stolen from my house.

    Post # 9
    9953 posts
    Buzzing Beekeeper
    • Wedding: September 2012

    @ddsfam:  Absolutely insure your ring.  Mine was added to my homeowner’s insurance policy.

    Post # 10
    1144 posts
    Bumble bee

    Yes, worth it for sure.

    Post # 11
    1292 posts
    Bumble bee
    • Wedding: January 2013

    Yes. My ring is 10k and I got it insured. I’d say anything that took time to save up for (vs 16k not being much to you, which it probably is if you’re not happy with 20.00 a month) so yes, I would definitely get it insured. I am super safe with my ring but I have had a few situations where I thought I lost it.

    Post # 12
    8471 posts
    Bumble Beekeeper
    • Wedding: July 2012

    Oh, for that price, absolutely.  That’s not bad at all.  I plan on doing that when I own a home as well.

    Post # 13
    11747 posts
    Sugar Beekeeper
    • Wedding: November 1999

    I wouldn’t risk not having it! Did you check out jeweler’s mutual? They’re the best value in my opinion. 

    Post # 14
    327 posts
    Helper bee
    • Wedding: July 2013

    My ring is worth substantially less but it was the first thing i did when i got it!  Definitely worth it

    Post # 16
    1935 posts
    Buzzing bee
    • Wedding: February 2014

    @ddsfam:  uhm. Yes.


    ETA: Would you put insurance on a $16,500 car?

    The topic ‘Is it worth getting the insurance for e-ring?help’ is closed to new replies.

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