Engagement Ring Insurance

You love your man and you love your engagement ring. Just imagine how you would feel if you were to lose either. Although that's something you would much rather not think about, it's even more reason why investing in engagement ring insurance is extremely important. In case your ring should be stolen, lost or perhaps damaged, it will give you some peace of mind.

Unfortunately these things can and do happen. Your engagement ring does not just hold a monetary value, it also has emotional value due to the commitment it represents. However, should the unfortunate occur, at least you will be able to replace it without any added financial burdens. Thanks to having hindsight of acquiring, this can be a great comfort at a time of great loss.

There are various types of jewelry insurance policies in the marketplace. They vary greatly with different annual costs and reimbursement procedures. It is important, therefore, to check into which policy best suits you before making a purchase. For instance, a homeowner and renter's insurance often demands a premium payment which can range from around $500 up to $1,000. Often these policies do not cover loss or damage when the ring is outside the home. Furthermore, since they usually only cover the loss or damage of one ring, the premiums tend to be comparatively high.

When purchasing insurance for an engagement ring, always take into consideration the terms and regulations that the insurance company uses. Investigate information on deductibles, appraisals and refunds on lost, damaged and stolen jewelry. Also consider the type of insurance claim the company offers which can be for replacement, actual value, or a 'valued at' insurance policy.

It is also advisable to check if your current insurer can offer any additional insurance with regards to jewelry coverage. Since you are holding various insurance policies within that same company already, they may give discounts based on your overall premiums paid. In some instances the current insurer could even be in liaison with other companies who can offer engagement ring insurance, thus entitling you to a discount on any premium paid.

It always pays to shop around for insurance whether it is for your home, your car, or, as in this case, your engagement ring. Insurance can bring peace where there is chaos; relief when there is pain. And that can make the cost of ring insurance seem insignificant in comparison.

Click Engagement Ring Insurance or Engagement Ring [http://www.rings-4u.com] for more info. Copyright 2009 Ron X King.

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