How To Insure A Wedding Ring

7112018 Here are five important tips to make sure your diamond ring is as protected as possible under your insurance policy.

How to insure a wedding ring. So a 5000 engagement ring will cost about 50-100year to insure. 1112019 The jewelry store that sold the ring may have an on-site appraiser. Keep ALL original receipts in a safe and secure spot.

When would my coverage begin. Once youve decided to get coverage for that sparkler youll want to consider a few different options. How to find out how much your rings are worth When insuring your wedding ring its important to make sure to insure them for their most current market value.

Its time to set the record straight on some common misconceptions about when a ring appraisal is needed when it isnt and which details are required for insurance. Choose a jeweler to repair or replace your ring. Youll want proof of what you paid and records of the original source of your engagement ring.

If not you can find one in your area using the American Gem Society or American Society of Appraisers. For example a 5000 engagement ring could cost as little as 50 per year to insure. If you dont have home insurance or want to compare rates before you insure your ring try a jewelry insurance specialist.

Once your big day is getting closer keep in mind youll probably need to schedule on your wedding band and maybe his as well. You may be able to protect an engagement ring by adding scheduled personal property coverage to your homeowners or renters insurance policy. The claims process may take up to 30 days and includes four steps.

12132019 Getting a ring appraisal isnt exactly something you do every day and unknowns can be intimidating. The rule of thumb is to pay 1 to 2 for every 100 of your rings replacement value. Start the claim with a phone call.