Post # 1
Does anyone know of a good jewelry insurance company for Engagement Ring insurance? I tried to add it to my renters insurance but they said they would not be able to insure it because the value is too high (even on a rider or floater policy). The only insurer I have been able to find is Perfect Circle but I can’t find any reviews on them. Are they any good?
Before anyone says ring insurance is not necessary, let me say that I really need to insure my ring. I’m a science teacher and one of my co-workers lost her diamond while teaching this year already. This ring belonged to my fiance’s grandmother and is worth more than a year’s rent on our apartment in San Diego and is 5x more than I paid for my car. So yeah, insurance is kind of a must.
Post # 2
I have mine insured through USAA, my homeowners insurance. I don’t know any good independent ones. I agree with you regarding insurance. The first call I made after my ring came was to the insurance company. No way am I wearing this thing every day without insuring it!
Post # 3
Perfect Circle by Jewelers Mutual. It is easy, comprehensive, and affordable.
Post # 4
jcent: Agreed. Perfect Circle. I was able to get the ring insured the day I got it.
Post # 5
Mine took a few days to approve, but it was really easy and stress free.
Post # 6
Wallapanich: But they don’t cover your ring if it gets eaten by a rat or is damaged by a nuclear explosion.
Post # 7
I have a personal articles policy with State Farm for my Macbook. I thought it was unnecessary until my cat spilled a glass of water on my previous one, completely frying it. They paid for me to get a new one, with no cost to me at all. I plan on adding my ring to the policy once I get it! I already discussed it with my agent, so I know it’s “allowed” by that type of policy. I don’t think most people know it exists, but I was so thankful with my computer! I also have a renter’s insurance policy with them, but they’re separate.
Post # 8
Wallapanich: Was USAA, now Allstate.
Post # 9
RedHeadKel: I actually have pet rats so “getting eaten by a rat” is a genuine concern lol!
Post # 10
Perfect Circle from Jewelers Mutual was great with me when I lost my ring. I’m so glad I insured it. Jewelry insurance companies rarely offer good service because lost and stolen jewelry is a high liability for an insurance company with little to no deductible from people who insure their rings most times. JM has great service IMO.
Post # 11
Team Perfect Circle here!!!! 🙂
Post # 12
Wallapanich: Same thing happened to me when I tried to add mine to our renters insurance! They wouldn’t ensure a ring that was valued at more than 50% of the value of our contents, and when I asked to increase the contents coverage they wouldn’t let me coz they deemed that as over-valuing.. so essentially I couldn’t win!
I ended up transferring our contents insurance to another company, increasing the coverage and adding the ring. I don’t live in the US so can’t recommend an insurer (i’m assuming you’re a US bee?) but have a look in to swapping your contents to someone else – it was super easy and actually worked out cheaper anyway!
Also, I TOTALLY agree with you that rings should be insured. Unless its not really worth anything, I think you’d be crazy not to! You may already know this but just make sure you’re covered for anywhere in the world, not just at home. Lots of people make that mistake and if you lose it while you’re out and about they won’t cover you!
Post # 13
Perfect Circle here as well. I can’t say how they are totally because I haven’t lost my ring, but they were very reasonably priced and were as easy as getting an appraisal (which I actually found pretty interesting)