(Closed) Ring insurance? Yes or no?

posted 10 years ago in Rings
  • poll: Do you have ring insurance? Should we get it?

    Yes, I have ring insurance and I think it is worth it!

    Yes, I have ring insurance but it has been a waste of money.

    No, However I'd like to get ring insurance.

    No, I think it's a waste of money.

  • Post # 3
    8291 posts
    Bumble Beekeeper
    • Wedding: December 2010

    No, I don’t have ring insurance. My rings are under 1000 dollars though! If I had a ring that expensive you best bet I would be wanting some ring insurance. As long as you can pay for it I say go for it. I have read to many stories on the bee of ladies losing their rings! :/ Luckily most of them have ring insurance! 

    Post # 4
    3696 posts
    Sugar bee

    Totally worth it. Especially for $100 a year, which is right around what I pay.

    It’s not just for losing it or it getting stolen. What if you lose the diamond? Damage the band? I can’t see how $100 a year is not worth insurance on something that costs $6500.

    Edit: $100 a year for TWO rings? Do it.

    Post # 5
    342 posts
    Helper bee
    • Wedding: August 2013

    I don’t have insurance yet but I’m planning on getting it. I know it will hopefully be a waste of money but I really want to be cetain…you never know about those crazy stories where it slips off doing the dishes and goes down the drain… or flys off on a walk etc…I know theres a smal small chance that could happen but I just would feel better.

    But we’re having the hardest time finding an insurance company that will replace with an Identical ring meaning identical jewler etc and not just a “like” ring meaning maybe a lower end jewler/service but same specs. Has anyone who does not have home owners insurance/renters insurance found a company that will insure the ring with an identical replacement or just a check for the amount insurable??


    Post # 6
    792 posts
    Busy bee
    • Wedding: October 2012

    I have ring insurance and am SO glad I do! It’s only like $150 a year, and I imagine my ring was more expensive than I would like to even think about. I got the insurance through Jeweler’s Mutual and basically I can replace the ring up to the appraisal value (which is even more than I paid for it) if it is lost, stolen, damaged. The only thing not covered in the contract was something about nuclear war… haha so let’s hope that doesn’t happen! If I were to lose it with no insurance, I would be devastated. If a ring is $5k or above, you should definitely insure it! It’s a small price to pay for peace of mind!

    Post # 7
    134 posts
    Blushing bee
    • Wedding: June 2012

    i got my ring insured the same day I got engaged! I think it is def worth it. if something were to ever happen and I lost my ring for some reason, I would feel much better knowing that I would get the insurance money for it and be able to buy another one. if we didnt have insurance for it, and i lost it, we’d be SCREWED! plus, i only pay like $45 a month for it!

    Post # 9
    594 posts
    Busy bee
    • Wedding: October 2010

    So worth it, the cost is definitely worth the peace of mind.

    Post # 10
    3358 posts
    Sugar bee
    • Wedding: August 2011

    We don’t have ring insurance for my ring and we won’t be getting it.  Initially we wanted to but when we looked into it, it didn’t make financial sense.   Insurance is 2% of the appraisal value or the cost to replace it.  My ring appraised for over 5 times what DH actually paid for it so the insurance every year would quickly add up and be more than DH paid for the ring and more than it would actually cost us to replace it, (knock on wood).  So it just doesn’t make sense in our situation.

    Post # 11
    2933 posts
    Sugar bee
    • Wedding: May 2012


    Big yes.

    Post # 12
    487 posts
    Helper bee
    • Wedding: October 2011

    Talk to your insurance agent to see what it would cost to raise the jewelry limit on your homeowner’s or renter’s policy. Sometimes that is cheaper than taking out a separate policy.

    Post # 13
    646 posts
    Busy bee
    • Wedding: November 2011

    So my ring is just on our homeowners policy.  FH had the ring added to the policy the day he got it because he took me to LA to propose (cross country)!  It wasn’t too much more per month – maybe a few dollars.

    Post # 14
    60 posts
    Worker bee
    • Wedding: August 2013

    Reading this is making me think I should get it.  I know that where my Fiance purchased the rings, they need to inspect them every 6 months to ensure if a stone goes missing they’ll replace it but I don’t think that covers the whole ring.  I need to do research!

    Post # 15
    1169 posts
    Bumble bee
    • Wedding: July 2012

    I think it’s totally worth it but you got quoted $100?!  I have mine through the same place I have renter’s insurance and it is only about $28 a year for both e-ring and wedding band (a little over $2 a month).

    Post # 16
    123 posts
    Blushing bee
    • Wedding: June 2012

    absolutely get it. i got mine immediately and it was so easy to do online with Jeweler’s Mutual. 

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