Ring Insurance for Canadians who have a USA custom made ring.

posted 3 years ago in Engagement
Post # 2
Member
955 posts
Busy bee
  • Wedding: December 1969 - City, State

I also purchased my ring from the US, and was living in Canada at the time.  I insured it through Jewelers Mutual/Perfect Circle.  I moved to the US after getting married and kept the same policy with them, but now pay in USD.  

Post # 3
Member
1690 posts
Bumble bee
  • Wedding: September 2016

I also used Jewelers Mutual/Perfect Circle. It was way less than doing it through my home insurance. My advice would be to have it appraised in Canada so that your appraisal is in Canadian dollars.

Post # 6
Member
2034 posts
Buzzing bee
  • Wedding: August 2015

I live in Calgary too 🙂

My ring is insured under our homeowners insurance. Can you do something like that? They will appraise it when you get it all set up.

Post # 7
Member
3337 posts
Sugar bee
  • Wedding: September 2017

Check out rates for both home owners insurance AND 3rd party (jewellers mutual).

I have mine on my home owners as a separate rider.

Post # 8
Member
699 posts
Busy bee
  • Wedding: September 2013

My ring is also insured under our homeowners insurance (part of contents insurance). I had to provide the receipt and appraisal and they bumped up the limit on our jewellry coverage accordingly.

Post # 9
Member
2617 posts
Sugar bee
  • Wedding: April 2017 - Valleybrook Country Club

manni :  I have Jewelers Mutual and it is affordable without a doubt. I have seen some threads on here that vouch for JM having a great reputation.

Post # 10
Member
5163 posts
Bee Keeper
  • Wedding: January 2010

I am in Alberta. All my rings have come from the US. I use Jeweler’s Mutual. It had far better coverage than any homeowners I looked at (including covering mysterious loss, preventative repairs, and so on), very good rates, and a claim does not risk premiums going up or losing your home insurance either. I pay just over $1.00 CDN annually for every $100 CDN in coverage.

You just need to make sure to get an appraisal in Canadian dollars as that is their policy these days (ask for a REALISTIC REPLACEMENT VALUE appraisal). Don’t pay extra for premiums than you need to. Insurance does not give you free money, and JM does a repair and replace with similar and like quality. Just because your ring was overappraised for double the value does not mean you get double payout if you lost it, or get to get a ring worth double! It just does not work that way.

I have made a claim through JM before and it was a positive experience, aside from having to make a claim in first place.

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