Post # 1
How do I go about getting my ring insured? I have read about ‘riders’ that go with your homeowners insurance, but we’re not homeowners and won’t be for several more years. Where do/how do I get insurance for my rings? I’m not well-versed in this and I’m assuming I don’t call Geico or Allstate, right? Or yes?!
Post # 3
I’d recommend you get renters insurance and add a jewelry rider for the ring. Everyone should have insurance! Renters insurance is cheap, like a couple hundred bucks a year if that, and if you already have car insurance you may be able to add renters insurance and get a multi-policy discount. Doing that makes it much cheaper or even free!
Otherwise, Jewelers Mutual offers standalone insurance.
Post # 4
@Over the Moon:
We actually have renter’s insurance…and I didn’t even think of seeing if we could add it on to that policy. Thanks!!
Post # 5
you might be able to add it under renter’s insruance or property insurance.
find out if your auto insurance offers these things.
if they don’t, then call state farm, travellers, and other insurance providers and talk to them about options.
you’ll probably need to get your ring appraised.
Post # 7
Your renters prolly already does cover it… most of them do, mine does- and actually it covers up to 10k of jewlery in the policy, before i ever got my ring
I didnt need to have an appraisal but was told most if they even want one, as long as its within 18 months its ok.
Just make sure you add a lost and stolen clause
Post # 8
I do mine under renters and its $2 dollars.
Post # 9
A lot of renter’s policies have a cap on how much jewelry coverage they offer. We got a valuable personal property policy for my ring.
Post # 10
We use Jewlers Mutual (I actually still have it now that we bought a house). It was better than adding to our renters b/c the renters insurance had a cap for how much jewelery coverage they offer, and my ring was worth more than that.
Also, the renter’s insurance didn’t cover loss (i.e. if you lose your ring at the beach or something), just things that could happen to the ring in the apartment (theft, etc.). Jewelers Mutual covers it all.
Post # 11
@MrsDrRose612: Insurance agent to the rescue here! Call your renters policy and tell them you want to schedule your ring for replacement cost with a $0 deductible. They may want an appraisal depending on its replacement cost. IF you choose to not schedule it (which you can), your policy may or may not have an automatic jewelry endorsement with a cap and it will cover the ring at actual cash value (unless your personal property is covered at replacement cost). HOWEVER, generally speaking with this it is subject to the policy’s deductible AND (KEY PART HERE) it does NOT I repeat NOT cover mysterious disappearance aka “I lost my ring.”
Post # 12
Our’s is through Jeweler’s Mutual.
Post # 14
It could be covered under your renter’s or you can add on a rider to it. Either way insure that bad boy! : D
Post # 15
We added ours to renter’s insurance. Scheduled it on its own, as the whole jewelry coverage is for $2000, which barely covers my regular jewelry. It added maybe $25 for the whole year.