Post # 31
We put insurance on my rings. Its fairly inexpensive, and its there just in case something happens to it. If it gets stolen, lost, or damaged, insurance will replace it no questions asked. It’s a comforting feeling knowing that if anything goes wrong, you’ll be covered.
Post # 33
Mine’s through Perfect Circle too! Love the coverage that they offer.
Post # 34
My wedding set is insured through perfect circle. The total each year is $34 while my engagement ring is $25 of that. The first year my policy was free through the jeweler I bought it from and the second year that I had my ring (the first that I paid) I broke a smaller diamond in my halo. That repair cost $265. It would nearly be 11 years before I paid that much in insurance. Whether that repair happened the first year I paid for insurance or the 8th year it still is saving me money. I don’t know what might be my life situation years to come. I take very good care of my rings, yet this damage happened and something else could come up too.
My stone at this time is rare since it is an Amora Gem cushion which are not available at this time. If I lose my center stone or my whole ring than I would only want to replace it with a diamond if another AG is not available. It’s nice to know that with insurance I will at least receive a big chunk of the cost of my center stone from insurance.
Post # 35
Mine is insured through my home owners and it’s actually pretty costly to insure every year because of the value of the ring (first world problem, I know…). Truth be told, I don’t really know too much about my ring insurance (shame on me for not understanding it before blindly paying it!!). I am now wondering if anyone has filed a ring insurance claim – was it a pain in the neck, were there loop holes and exclusions and if it was part of your home owners insurance, did that affect your ability to get home owners insurance in the future? My home is a heck of a lot more valuable and important than my ring so now I am wondering if I should bag my ring insurance.
Post # 36
I almost lost my ering once, so I have to have my set insured to feel comfortable to wear it around.
Prior to adding it on top of our house insurance, I feel so uncomfortable and constantly checking to make sure it still on my finger (it’s a bit loose now)
IMO it’s very inexpensive to insured it anyways. They estimate my e-ring market value as 17,800 (whichi s a lot higher than it is) and 2700 for my wedding band(again, way higher)… but I only paid $190 a year to insured both.
I was expecting a lot more than that
Post # 37
Oh yes! I would be scared to not have it! I would hate to see my hubbys hard work thrown away Or have to spend that again when you can insure it for so cheap!
Post # 38
I wish I insured my original e-ring that my Fiance got me. I ended up losing it on a trip and can’t do anything about it. I bought myself a moissy ring to wear in its place and I will insure it for sure.
Post # 39
I have a rider on my homeowners policy. It’s came in handy when my 2ct diamond fell out of its setting. For those who think that their ring is covered under homeowners, it usually is not and requires a rider. You just need an appraisal – one that accurately reflects the replacement cost. This is opposed to what I call a vanity appraisal (oooh, it appraised for 3x what he spent!). Reason being that you pay by the appraised value. This can be quite costly esp if you have other pieces insured.
Post # 40
I have a rider on my renters insurance. It was $54/year. Personally I think it’s foolish to not insure such a valuable possession when the insurance cost is so cheap compared to all the other crap we spend our money on.
Post # 41
I don’t have insurance on my ring, but it was only around $500. It seems silly to me to insure something for that amount. I can see why people who have rings that are 5k would insure, for sure.
Post # 42
I have insurance on it because I want to be able to wear it freely while traveling, camping, etc… and not worry about losing it.
I am VERY careful and never take it off near a sink or drain or anytime away from my ring holder, but I do worry about traveling with it, so now I don’t have to worry with insurance!
Post # 43
exactly! I NEVER take my rings off unless I am showering or have to at work. I only do in the shower because it’s pave set and soap gets clogged in the little prongs.
Post # 44
yes. DH is a claims adjuster so he has heard horror stories with people losing their wedding bands and erings.
my engagement ring is worth $12K, and my wedding band is worth $2K. Its the mkst expensive piece of jewlery I own, so yea, I def had have it insured.
Post # 45
No because my ring was a fraction of the cost of the insurance we pay for our house. If I lose them, I’d be devasted for the sentimentality not the financial loss.