Should you insure your wedding ring?
Engagements are such a happy moment. Everything has worked perfectly and the bride-to-be is in love with her engagement ring. It’s a happy time in your life as a couple. No one wants to consider the possibility of a tragedy or a robbery but the truth is, anything can happen. It’s always better to be safe than sorry. Which is why, you should consider having the engagement ring insured.
Insuring your engagement ring means protecting value and emotion. The love that your ring represents is just as prized as its material worth.No matter how much you might have paid for the ring, insurance is a way of protecting the ring’s actual value, history and meaning. One of the options for insuring your ring is under a homeowners insurance policy. The conditions and costs vary depending on the insurance company or agent, so it’s important to ask this while consulting with them.
Do I really need insurance for a wedding ring?
Insuring your engagement ring lets your bride-to-be sleep peacefully at nights, wearing her ring with confidence and pride, enjoying its beauty without worrying about damage or loss. The cost of insurance can secure your peace of mind for years to come.
Wedding Rings and Homeowners Insurance
Jewelry is included in homeowners insurance policies that cover the value of items in your home. This policy can cover the loss of your ring up to a certain amount, subject to your policy’s deductible and stated limits on unscheduled personal property. Full coverage for items like jewelry can be obtained by purchasing an insurance policy extension that covers specific listed items.
Engagement and wedding rings can be covered more comprehensively with the purchase of a rider or floater, or an extension to your current homeowners policy.
Getting a homeowners insurance it’s the best decision because of the coverage that it provides. Not only your wedding ring will be covered but all the things listed above. It’s better to contact an insurance company that is able to best adapt to your needs and budget.
The easier step would be to add a floater that itemizes your jewelry to your existing insurance policy. But, if you don’t have a homeowners policy, or the coverage that is offered through your current company doesn’t satisfy your needs, you can always purchase a separate policy specifically for your ring and other jewelry. Your jeweler might even be able to recommend a certain insurer.
The decision is up to you and the option which makes you feel more comfortable.
In Villa Insurance Group we help you find the best homeowners insurance that will best meet your needs and provide the most valuable combination of tailored coverage, quality service and competitive pricing.
The best option is always to hire a company that has great service and offers you the best deal for a fair price. Some of the coverages that are typically seen in Villa Insurance Group´s homeowner insurance are:
- Other Structures
- Personal Property
- Loss of Use
- Medical Expense
- Family/Personal Liability
- Scheduled Personal Property
The Bottom Line
Given the high average cost of wedding rings, acquiring an insurance is the best move to make. Investigate and choose the best insurance so your jewelry is adequately covered. There is no need to hire a separate insurance for the ring, the right homeowners insurance, works just fine. But if not, how and where you decide to insure your wedding rings will depend largely on your specific needs and assessments of value.
The best thing to make this process easier is to find the right insurance company that will help you through the process of comparing costs and coverage. This way you can ensure you’ve made the right decision to properly protect your jewelry for both its monetary and emotional value.
So, what are you waiting for? Call us today at (425) 771-9000 or visit our Quotes Online to start saving money.
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