Ring insurance

posted 3 years ago in Rings
Post # 2
Member
3750 posts
Honey bee

You will have to submit an appraisal from the jeweler for the replacement cost.  If something were to happen to the ring and depending on your policy, the insurance company will either give you the cash to purchase a new ring or they will find you a replacement ring of similar value (minus deductible).

I think it’s well worth it.  I have a personal articles policy on my nicer jewelry (and when I was married on my e-ring and wedding band).   

Post # 3
Member
3750 posts
Honey bee

And I understand the sentimental value of not actually being able to replace THE ring, but what’s better?  Having nothing or having something? 

Post # 4
Member
165 posts
Blushing bee

View original reply
amanda918 :  I’m not sure exactly what you mean.  Insurance for insurance rings works the same way car insurance works. You pay a small amount compared to your vehicle’s value and for the other car but the amount will never total the actual cost of your car. It’s sstill profitable for insurance companies because of the many people who never have to use their insurance. 

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