Rings & insuring them?

November3Love

OK-so.. my rings are being made & when completed, appraised. I was wondering what the best route to take as far as insuring them is? We rent currently, but want to buy our own home within the next 6 months'ish. I would like to get them insured asap. Fi agrees this is best. He doesn't think his ring should be, as it's not more than a few hundred & mine are being crafted from a family heirloom. Does it matter where I live for the insurance? I live in Tucson AZ, so... I don't know if that has any affect? Have any of yous gotten your rings insured? how did you go about it? How's it work?

jmc600

YES!!! My engagement ring is insured.... don't have the bands yet. No matter how much or little they cost, the bottom line is you don't want to pay to replace it out of your pocket not matter what happens to it. We just went to my car insurance guy (State Farm) and took out a claim on it. It's worth it.

nde99

Getting your ring insured is much easier than I thought it would be! I got engaged last week and called the next day to see what I needed to do to get it insured. I currently rent in Chicago, IL so I called our renter's insurance company and they put a rider on our policy. We had to fax a copy of the appraisal and it's only $6/month. SO worth it!!

gkb0910

My car and home owners is through state farm, so I called them.  They did a Personal Article Policy for my ring.  It's not expensive and there's no deductible.  Everything is covered.  When I have more to add to it, I can.  I'd recommend checking out a PAP.

C W

We just added it to our home/auto etc insurance. It's super easy. Just call your (or any) insurance company and let them know what you need. You will need to send them your appraisal.

Stackeye210

Ditto - PP's.  We just added ours onto our renter's insurance as a separate written policy.  Very easy. 

missamory

i used jewelry mutual. the premium does change according to where you live because i updated our information when we moved from austin to nashville and they sent us a small refund for the difference in price. it was super easy to do, you just need an appraisal. 

knj92107

I also have a Personal Articles policy with State Farm.  Although you can add it to your homeowners or renters insurance, I highly recommend having a seperate policy instead.  Homeowners often doesn't cover the entire value of jewelry (ours only covers something like $2000) and it also doesn't cover it in all circumstances, for example, if you got mugged or dropped it down a drain.  In additon, it would likely increase your homeowners insurance should you ever have to make a claim (or you may get dropped altogether).My Personal Articles Policy covers the entire value of my rings and covers them in all circumstances, whether i lose a stone, get it stolen outside my home or even "mysterious disappearance."  I pay $60 per year for this coverage.

jenmcg

I insured mine under my homeowner's policy for full value - cost is $70 a year through Ameriprise.  All I had to do was call them and read off the info from the appraisal, done in ten minutes.