(Closed) Ring Insurance: Do you get a new appraisal every year?

posted 6 years ago in Rings
Post # 3
3471 posts
Sugar bee
  • Wedding: July 2012 - The Gables Inn, Santa Rosa, CA

It really depends on the ring– was it undervalued to start? Inflation and things dont change THAT much from year to year– I would say get it appraised every 5 years or so, but if you think it’s changed that much, it never hurts I suppose. 

Post # 4
5073 posts
Bee Keeper
  • Wedding: October 2012

Most policies have an inflation factor built in.  (I’d call and make sure – sometimes it’s an optional coverage)

remember – your insurance company can get the ring for less than retail.  Unless you really underinsured it to start, you should be fine.

Post # 5
4281 posts
Honey bee
  • Wedding: February 2009

Appraisal costs vary…$60-$100 wuold be standard I think.

But every 3-5 years should be sufficient.  Insurance companies do not pay out the appraisal amount anyway…  They pay out replacement cost based on current market values.  You appraisal should have all of the metal and stone details including weights and stats/certs, so they would re-cost it out.

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