(Closed) Spinoff of "sad news about my ring :("

posted 5 years ago in Rings
  • poll: Do you have insurance on your ring(s)?
    Yes my ring is insured, DH's ring is also insured : (4 votes)
    17 %
    Yes my ring is insured, but DH's ring is not insured : (12 votes)
    50 %
    No our rings are not insured : (8 votes)
    33 %
  • Post # 3
    Member
    1736 posts
    Bumble bee
    • Wedding: October 2012

    Mine is insured through our homeowners policy. I think that a warranty covers workman’s defects (so stuff like loose settings or re-plating) whereas insurance will cover the full value in the event of theft, flood, fire, etc. The most commonly offered policy for jewelry is replacement coverage, which guarantees a payment that will purchase a ring identical in quality, design, metal, and setting.

    I would guess though that warranties through various jewelers will vary greatly, so all Bees should carefully read the fine print before deciding against insuring their rings.

    Post # 4
    Member
    5238 posts
    Bee Keeper
    • Wedding: January 2010

    The store warranties usually only cover things like cleaning, plating, repairs, *maybe* a lost stone in some circumstances if it was due to something loose. They don’t usually cover damage or theft and you usually need to ensure you get it checked per the policy and do not have anyone else do any work on it ever. 

    Jewelery insurance (either stand-alone or as a separate rider) will, depending on your policy, cover theft, damage (like a crack in your stone), and even just loss (even if your own fault such as leaving it on the sink and it falling down into the toilet never to be seen again). You can also often add on riders for shipping if you need too, etc. Depending on the insurer, you can also choose your own replacement (rather than deal with an insurance company telling you what you are allowed to get). Jeweler’s Mutual is a good one.

    Post # 5
    Hostess
    11168 posts
    Sugar Beekeeper

    We have insurance and it covers my rings regardless of what happens…theft, damage, lost etc. The warranty covers redipping and regular maintenance.

    Post # 8
    Member
    506 posts
    Busy bee
    • Wedding: November 2013

    @ForeverBlessed:  My dad insures ours through our renters policy and it was like 40 maybe 60 max a year! definitely worth it i think

    Post # 9
    Hostess
    11168 posts
    Sugar Beekeeper

    @ForeverBlessed:  Your quote it based on the value of the ring so that will vary depending on a person’s specific ring and wedding bands. I believe we pay around $300.00 a year for my e-ring and wedding bands.

    Post # 10
    Hostess
    1427 posts
    Bumble bee
    • Wedding: November 1999

    Mine’s insured!!!

    Lifetime warranty = is dependant on your jeweler and what they offer.

    We took out a separate policy for my rings with Jewelers Mutual. Homeowners usually only cover up to 1K of jewelry without special riders. They also don’t cover mysterious disappearance or stones chipping.

    Post # 11
    Hostess
    11168 posts
    Sugar Beekeeper

    @missporkchops:  Lifetime warranty = is dependant on your jeweler and what they offer.

    It also relies on the fact that your jeweler will be around for your lifetime. My aunt’s e-ring was purchased with a warranty and about five years ago that company went out of business leaving her out of luck. She ended up having to go to Helzburg to get her repairs costing her a bundle….and they ended up screwing up her ring and she lost her diamond (the entire head of the ring setting, diamond and all just FELL off) with them taking no responsibility for the issue.

    In other words get it insured, always.

    Post # 12
    Member
    9209 posts
    Buzzing Beekeeper
    • Wedding: August 2013 - Rocky Mountains USA

    Mine is covered with an additional rider through my homeowner’s insurance.  I believe it’s about $80 annually.  It covers just about everything including theft, loss, and damage.  No wear and tear.  Well worth it!!

    ETA: my FI’s ring is going to be a $40 stainless steel number (his request) so no insurance for that.

    Post # 13
    Member
    1652 posts
    Bumble bee
    • Wedding: July 2011

    Mine are both insured on our home insurance!

    Post # 14
    Hostess
    1427 posts
    Bumble bee
    • Wedding: November 1999

    @Treejewel19:  REALLY GOOD POINT!!! Plus don’t they require you to go in yearly for checks or something? I have a necklace from Darling Husband that came from a store that offered it and it was annoying since if I didn’t get it checked on a regular basis they threatened that the warranty wouldn’t be valid.

    Post # 16
    Hostess
    11168 posts
    Sugar Beekeeper

    @missporkchops:  Ugh yes I have a necklace from Fred Meyers with that same issue. They closed the only location around us so I have no way of going in unless I drive neary four hours. 🙁

    The topic ‘Spinoff of "sad news about my ring :("’ is closed to new replies.

    Find Amazing Vendors