Post # 1
- Wedding: June 2008 - Winery in the Gold Country
This kept me up all night last night. I don’t have insurance for my ring. We own a condo, but our homeowners insurance is through our HOA so we don’t technically have our own policy that I can just attach my ring to. Many people told me to put the ring on my parents homeowners insurance, but I just don’t feel comfortable doing this. Do you have insurance specifically for your ring? How much does it cost (I know the cost will vary depending on the ring’s worth but Im just trying to get a ballpark figure here). How do you go about getting it? I suppose we could get an insurance policy for our posessions, but honestly, if all our stuff in our house were destroyed, we don’t have anything of too much worth that I feel we need to insure, other than of course, my engagement ring. But, if it’s not expensive, I wouldn’t mind insuring the rest of our crap as well as my engagement ring. I’ve already lost my wedding ring (wasn’t insured so sayonara wedding ring forever) so it’s not beyond me to lose my engagement ring/get it stolen/lose the diamond. I am a magnet for bad luck and pretty irresponsible.
How did you insure your ring if you don’t have homeowners insurance already?
Post # 3
Yes. End of story. Rings (in addition to my e-ring I have and wear my greatgrandmother’s e-ring) have always had a seperate insurance policy. This way I’ve never had to worry if my HOA covers them, no matter where or what circumstances something could (knock on wood) happen to them.
Post # 4
I am not sure of the cost but my fiancee insured my ring through state farm – the same place he has his car insurance from. I don’t believe it was that expensive.
Post # 4
- Wedding: August 2009 - Bernardo Winery
FH got my ring insured the day after he gave it to me because I am pretty clutzy and he wanted to make sure I didn’t drop it down the sink or lose it.
I just emailed him and asked him how he did it and his reponse was – Go to Jewelers Mutual and fill out the forms online. Then you pay the premuim online and email them the appraisal.
I’m pretty sure this is legit b/c FH does a lot of research before he makes any major decisions.
Post # 5
- Wedding: August 2020 - Oakland Manor
AHG! I know! We NEED to insure our ring too! We checked with state farm to do a seperate policy and it seemed possible. I’m really lost though, I’ll be following to see if anyone more helpful than I comments. 🙂
Post # 6
I have insurance for my ring through the renters insurance on my apt. Basically, we have X amount in contents insurance and then I sent them my ring appraisal and they scheduled it on the policy for the full appraisal value. There is a 500 deductible (I think) if I need to cash in on the policy. I think the full cost of my renters plus ring insurance is like 150 bucks a year. Completely worth it if you ask me!
Post # 7
Sorry, didn’t answer all your questions. I don’t know how much it costs- but it’s nothing signifigant. We have it as a seperate policy through our HOA.
Post # 8
I would definately get ring insurance (I think it may be approx. $35 a month… or so I’ve heard). It’s worth it. You won’t lose anymore sleep over it 😉
We are going to put ours on our Homeowners as soon as we get them appraised.
Post # 9
yes! I added a rider to my home owners policy to cover it and it was only $100 a year!
Post # 10
DEF get insurance for all your possessions! I promise that if something should happen you will not want to replace all of your things of value at once out of pocket.
And while you’re at it, ask for specs on life insurance as well. The younger you and your husband are, the cheaper the policy! Most people wait to do this until they have kids but it will cost you less in the long run if you do it now.
Post # 11
We went with Jewelers Mutual as well on the suggestion of my uncle, who is a jeweler. They are great to work with and the premiums are very reasonable.
Post # 12
I have separate ring insurance through Jewelers Mutual Insurance Company. You have to send in the documentation for your ring for them to determine the value in which to insure the ring (papers that came with the ring when purchased). They specialize in jewelry insurance, and from what I’ve seen on other websites, they are the gold standard for jewelry insurance. My ring is valued at $7800, and we pay $86 annually. For a $7.18 a month, it’s a great deal, and I sleep peacefully at night. It’s super easy, and I definitely recommend them.
Post # 13
- Wedding: September 2020 - The Desmond Hotel in Malvern, PA
My Mother-In-Law is an insurance agent, so my ring was insured before Mr. Cupcake left the jewelry store with it! I’m glad to have a member of the family get on our cases about that sort of thing…. it is a rider on our renter’s insurance, but I am not sure how much it costs.
Post # 14
Yes. The day my fiance picked the ring up from the jeweler he had it insured! I believe he pays $7 a month, which I think is pretty much a no-brainer in exchange for our peace of mind!
Post # 15
yes yes yes!! do it!
I did it within a few weeks of getting the ring — it’s $23 a month for mine. My fiance tried to put it on with his car insurance before he even gave it to me but the insurance company (Amica) told him that I had to have my own policy as it is "mine" because it was a gift – blah blah. So it’s being billed to me until we get married then it can be put on ours together.
After reading these – we may have been suckered into opening another account with them, but it’s ok, it wouldbe $23 a month either way.
I say this with love … DO IT! 🙂
And it was really easy, I did it over the phone with an Amica agent who was super friendly and when I (of course) was taking forever to get her the paperwork, she persisted enough to remind me but not be annoying. Amica worked for me! 🙂