(Closed) Is your ring insured? POLL

posted 6 years ago in Rings
  • poll: Is your engagement/wedding ring insured?

    Yes

    No

  • Post # 2
    Member
    349 posts
    Helper bee
    • Wedding: August 2015 - country club in Michigan

    Yes, I pay ~$5 more a month for a rider on my renters insurance to cover loss/damage for my ring. This includes stones falling off, me losing it, or it getting stolen. I think I told them the ring was $5,000 so they based the cost of the rider off of that. 

    Post # 4
    Member
    5940 posts
    Bee Keeper
    • Wedding: May 2014

     

    View original reply
    Elizabear:  I do need to get it, I’ve been lazy plus I will have to try to find the receipt. Aaahh!

    Post # 5
    Member
    860 posts
    Busy bee
    • Wedding: June 2014

    its added to our home insurance!

    Post # 6
    Member
    285 posts
    Helper bee
    • Wedding: September 2014

    I do not have my rings insured.  I just think we could insure ourselves to death.  Home insurance, car insurance, health insurance, life insurance, pet insurance, employment insurance… What are the chances I’m actually going to lose it or damage it?  The only way insurance pays off on something like this is if you make claims in the beginning.  Let’s say in 15 years I lose a small diamond from my band.  Just paying for the repair outright would likely be less in the long run than it would have been to pay x number of dollars per month over 15 years for insurance.  We bought the little package that includes minor repairs, rhodium plating, resizing, that sort of thing.  If anything worse than that happens then it’s on us.

    For us it was all about risk assessment.  We decided to take the risk. I might go my whole life with these rings and never have a problem.  Or I might lose it next year and be devastated.  Who can tell?

    We also didn’t spend a TON on my ring, so it just didn’t feel necessary.

    Post # 7
    Member
    1939 posts
    Buzzing bee
    • Wedding: May 2018 - City, State

    um I wouldn’t want to wear it if it wasn’t insured! Fiance took care of it before he ever gave it to me. It was insured sitting in a box for 2 months lol

    Post # 8
    Member
    390 posts
    Helper bee

    ABSOLUTELY! Especially because it is so cheap and covers things like “mysterious disappearance” which is code of “I lost it”, “It fell down the drain”, “It’s in the bottom of the ocean”, etc.! I am the type of person who, if I didn’t insure it, would lose it the next day or have it stolen, whereas because it is insured I’m sure nothing will ever happen! Haha. 

    Post # 9
    Member
    5083 posts
    Bee Keeper
    • Wedding: December 2014

    Nope, at least not to my knowledge. Maybe our renter’s insurance provides some sort of coverage, but I’m not sure. My ring wasn’t very expensive, we could pretty easily just buy a new one, so paying monthly for coverage didn’t really make sense for us.

    Post # 10
    Member
    3584 posts
    Sugar bee

    I have semi insurance and i am not to sure how this works but i can get my ring sized at any time or cleaned. They dip it in some stuff to make it shiny for free (idk what its called) and if i lose the side stones they are replaced.  Now the center stone is not covered which is kinda dumb that the jeweler does not do it.I’ve thought about getting it insured through home insurance but i haven’t gotten around to it. I just never really thought it was a big deal but my mom has mentioned it to me a few times.

    Post # 12
    Member
    9784 posts
    Buzzing Beekeeper
    • Wedding: August 2012

    We have a rider on our home owners insurance.

    Post # 13
    Member
    7140 posts
    Busy Beekeeper
    • Wedding: September 2015

    I should get it. My Fiance bought the setting at Zales, but the gemstone wasn’t theirs, so they wouldn’t insure it. My ring wasn’t too much, but I would be devastated if something happened to it.

    Post # 14
    Member
    3031 posts
    Sugar bee
    • Wedding: May 2015 - Walnut Hill Bed & Breakfast

    Yes, it’s $20/year so not much at all. My ring was only $2,000 but i’d have a hard time dropping that much money on it again to replace it if something happened. As long as I don’t pay that $20/year for 100 years we’ll make out – lol. 

    Post # 15
    Member
    3031 posts
    Sugar bee
    • Wedding: May 2015 - Walnut Hill Bed & Breakfast

    View original reply
    vanessa1359:  Do it! It’s cheap and covers everything… I’m so afraid I’ll drop it down the drain or forget to put it back on after washing my hands somewhere… 

    The topic ‘Is your ring insured? POLL’ is closed to new replies.

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