Having planned every last detail of the perfect proposal, no-one wants to consider something happening to the specially chosen ring. But insuring your ring can give you peace of mind.
You've studied her style to choose the perfect engagement ring [Link to What's My Bride to Be's Style], you've stayed within your budget, and planned the proposal precisely. It's a joyous time in your life as a couple. But the truth is, anything can happen, and it's best to be prepared. So, in the midst of all the engagement excitement and happiness, you should consider purchasing insurance for your engagement ring.
The ring you choose represents your love and commitment and this sentimental value is just as significant as the material value of an engagement ring. No matter how much you spent on the ring, insurance can help to protect the sentiment behind it as well.
You have a few options when considering insurance for your ring:
The first step is to get the ring valued by a certified gemologist. You'll get documentation of the ring's value that you can use to insure it. A receipt for your purchase may also be acceptable, so check with your insurance provider to see what they require. The important thing is to get insurance as soon as possible.
Find out if you or your household policy will cover your ring at a significant level. If not, you'll need to look for a separate policy. Questions to ask include:
The cost of insuring your engagement ring will vary depending on your insurance company and the level of cover, but the confidence it gives you to wear your ring is invaluable. Your can wear it with pride every day without worrying about damage or loss. The relatively low cost of insurance can offer peace of mind for years to come.