Did you ever pause to wonder about what would happen if your most valuable piece gets lost, stolen, damaged, or even suddenly disappears?
That’s right, and it’s possible to lose your precious gem. The only way to honor your ring financial value is to get engagement ring insurance. If anything happens to your valuable piece, your insurer will replace it, but most importantly, nothing beats the peace of mind knowing all will be sorted out. Follow closely to learn more about the benefits you get from insuring your most precious engagement ring.
What is engagement ring insurance?
The engagement ring insurance policy covers your valuable investment in case of loss, damage, or theft. There are two ways you can ensure your engagement ring. Consider having it covered through your homeowner’s policy. Note that this policy will provide limited cover for your precious ring. Or through companies that specialize in jewelry insurance per se. An engagement ring insurance from these companies will, without a doubt, offer you more coverage as opposed to the homeowner’s policy.
Cost-Effective
Keeping in mind that accidents do happen, no matter how careful one is, know that your sentimental jewelry is at risk of any eventualities. Buying an engagement ring insurance provides you peace of mind, allowing you to flaunt your sparkling valuable without much worry. The majority of jewelry insurance companies charge one to two percent annually of the total value of your precious jewelry. Ensure that your insurer adequately covers your engagement ring.
Your Engagement Ring Covers
If, for whatever reason, the worst happens and you lose your engagement ring, the vast majority of stand-alone jewelry insurance policy will cover;
Loss: If you accidentally lose your stunning ring during your vacation, your insurance policy will cover the cost of replacing your treasured gem.
Theft: Not all people are trustworthy, and someone who’s been eyeing your ring can decide to steal it. It’s unfortunate when it happens, but knowing that your engagement ring insurance policy will replace it, makes the insurance worthwhile.
Damage: Your valuable gem can accidentally get damaged, chipped diamond, damaged metal band, and all. Just relax, as your insurance company will take charge of repairing the same or replacing it.
Sudden Disappearance of your Ring: You removed your ring and have no idea where to find it. You run erratically, thinking maybe it’s in a particular place, but you can’t find it. Breath in and out, and rest assured your insurer will work their magic to replace it. Be sure to choose an insurance company that adequately covers your engagement ring and offers a stress-free claim process.
In Conclusion: Purchasing an engagement ring insurance is the best decision you can ever make, not to mention peace of mind. Knowing your jewelry insurance will quickly replace your most valuable piece if it’s stolen, lost or damaged will give you a stress-free life.
