Just Engaged and Proposals

Engagement ring insurance - a must?

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Re: Engagement ring insurance - a must?

  • Definitely get it insured!!!  If you own a home, you could add it to your homeowners insurance policy.  It's worth it!!
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  • Get it insured! All you need is a current appraisal. I just had to fax it in and it was added it right to my homeowner's insurance.

    True Story: my FSIL lost her diamond (princess cut solitaire) in a department store and it was replaced because it was insured. Freaky things can happen... better to be safe than sorry!
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  • That wasn't even a question and my fiance did it for me before he even gave it to me.  I have 45 diamonds in my ring and if just one of those fell out, it would ruin the whole thing.  Worth it in the end since our rings go through a lot of wear and tear.

  • "i understand what u are saying b/c my e-ring is apprasised at 25k and all my $45.00/ month will give me if its lost or stolen is like 1/10 of that (gotta love fine print!)"

    In Response to <a href="http://forums.theknot.com/Sites/theknot/Pages/Main.aspx/wedding-boards_just-engaged-proposals_engagement-ring-insurance-must?plckFindPostKey=Cat:Wedding%20BoardsForum:683Discussion:474e75b6-c152-40ae-b9f0-ff87a686654fPost:1660043b-33d9-411d-9f92-62ebd4fdbac8">Re: Engagement ring insurance - a must?</a>:
    [QUOTE]In Response to Re: Engagement ring insurance - a must? : I'm sorry, I have a tough time believing you have a $25k ring and you do not find insurance necessary.. At $45 per month it is only $540 a year.  You would have to pay out 47 years worth of premiums to pay for the ring before inflation. I do not buy it. Btw -  my home content insurance for $40k is $1500... that does not include my property insurance that is another $2400. $540 is a deal.
    Posted by lyndausvi[/QUOTE]

    I think what she is saying is that her insurance, for $45 a month, will ONLY cover 1/10 of that 25k. For that, I wouldn't want to insure my ring there either. Just my opinion.....<img src="http://cdn.cl9.vanillaforums.com/downloaded/ver1.0/content/scripts/tinymce/plugins/emotions/images/smiley-laughing.gif" border="0" alt="Laughing" title="Laughing" />
  • Definitely get it insured!  I was an insurance agent for several years and the price of a personal articles policy is CHEAP!  If you think its covered by your Homeowners policy, you are right, but only if someone breaks in and takes it or your home is a total loss (fire, tornado, etc.)  With State Farm, where I used to work, a PAP (Personal Articles Policy) can be written if you have a Homeowners policy (renters policy, too).  The PAP is REALLY cheap.  All they need is a receipt if its new or an appraisal to get the policy going.  The PAP covers the ring 24/7/365.  If you lose your stone at the mall, a prong breaks, if it falls off, anything....it is covered.  Well worth the small amout of money it costs to appraise and for the policy.  AND....when you get nice jewelry down the line, you can add it to the policy as well!
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