Do You Need Engagement Ring Insurance?

Engagement ring insurance can be a smart investment for many brides. This is especially true for high-value rings as the cost of replacement can be very expensive. However since the cost of insurance is often a percentage of the rings value, they insurance is a wise investment for all ring purchases.

Since engagement and wedding rings are worn daily, the risk of damage is great. Rings can easily become damaged during common, everyday activities such as cleaning, working and participating in recreational events. Stones can easily loosen with time and wear. Protecting an engagement ring with insurance will ensures that these damages will be quickly and easily repaired. Some policies include loss and theft as well.

When considering a policy, evaluate the coverage that will be provided. Are loss and theft covered? If so, what are the requirements for reporting? Is there a maximum replacement value or will the ring be completely replaced? As many policies cover periodic ring maintenance, it is also wise to determine if the policy that is being considered will maintain your ring. Are complementary cleanings offered? Some rings, especially white gold need occasional work to maintain color. Is this type of maintenance provided? Where will you be able to service the ring?

Some policies require a visit to a singular location which can be difficult later in life once you have moved. What will happen to the policy if your jeweler happens to go out of business? There are many important questions to consider as you consider purchasing ring insurance. Make sure that the policy is carefully reviewed and understood before purchase. Remember that if something is not in writing, it may not be honored at a later time.

Even if engagement ring insurance is purchased, you will want to learn how to properly care for and maintain your ring. Prevention may help to avoid the hassle of repair. While a lost ring can be replaced with another similar ring, the sentimental value that many place on their rings is irreplaceable and uninsurable. Learn about proper care and maintenance and be careful with your ring so that you can enjoy it for many years to come. Engagement ring insurance will offer peace of mind in case of loss or unpreventable damage.

Since an engagement ring is a big investment, it should be treated as such. Consider purchasing engagement ring insurance with your ring to protect it from the unexpected.

Pamela Kazmierczak writes many articles focused on Wedding Ideas and planning for weddings. Go To her site now and learn more about Engagement Ring Insurance Today!

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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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