Protect That Precious Rock!

Protect That Precious Rock! 

The Low-down on Ring Insurance

Just as Miranda mentioned the other day, engagement rings come in all colors and styles! Each one is uniquely special to the woman who receives it, and remains a treasured symbol of a couple’s love for many years after the initial proposal. So can you imagine how heart wrenching it would be to lose the ring presented to you by your special someone?

Engagement ring insurance is something that is often overlooked by brides & grooms, but is easily attainable for every couple. Here’s how to get your ring insured, so you can relax about the investment you made in your love and your future!

- First off, get your ring appraised. Ask any local jeweler for a document with a formal appraisal of the ring, and they will get it to you within a few days.

- Then, find out if your existing homeowners or rental insurance will cover your ring. It may be possible to add the ring to an already existing policy.

- If the ring can’t be added to a policy you already have, locate a separate insurance policy for it. Contact various jewelry insurance reps to get information on rates and coverage.

- Choose a deductible. This is where your insurance plan can be customized to fit your and your partner’s financial situation and the importance you place on insuring your ring.

- Take photos of the ring to keep with the documentation, one set for yourself, and the other to send in with your appraisal papers. They will return a policy to you that you can keep on record in any unfortunate event where the ring is lost or damaged.

As I said, ring insurance is often overlooked, but may be just the solution you and your partner are looking for. Choosing whether or not to insure your ring will be different personal decision for every couple, but it’s always nice to know you have the option of protecting something so special from theft, loss or damage!

-          Carina