Engagement Ring Insurance

I have a question.... a friend of mine is looking to propose. He picks up the ring on Saturday. He wants to have it insured. He got a quote from Chubb to have it on a separate policy. He also wants to get a quote from the homeowners insurance. I remember hearing that it can only be insured on the policy of the house which the girl lives in.

Does anyone know if this is true?

I don't think it matters. I insured my ring on my homeowners (which they added the cost to my car insurance) and a week later I bought FH a Rolex as an engagement gift and added that onto my homeowner's as well. They didn't care if he lived with me or not.

They really don't need to know where someone lives as long as it's on one of your policies.

www.jewelersmutual.com

super easy!

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Posted by CandB4604

I do not believe that is true. My fiance had ours insured under our Renter's Insurance. Not sure if your friend owns, but if they still rent, have him put it in the renter's insurance clause because it was much more affordable with the same amount of coverage. HTH!

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That's b/c its a joint renters insurance.

If he is the one with the policy, then no, she needs to get it insured. If they have a joint policy, then it can go on there no problem.

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Posted by stinenandy2010

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Posted by CandB4604

I do not believe that is true. My fiance had ours insured under our Renter's Insurance. Not sure if your friend owns, but if they still rent, have him put it in the renter's insurance clause because it was much more affordable with the same amount of coverage. HTH!

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That's b/c its a joint renters insurance.

If he is the one with the policy, then no, she needs to get it insured. If they have a joint policy, then it can go on there no problem.

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I don't have a joint policy and his rolex is on my homeowners as well as my ering. There is no reason that he can't insure the engagement ring.

My friend purchased his ring for his girl and insured it before he even gave it to her. He owns his own home so I'm sure it is on his policy not theirs.

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Posted by MnM52607

I have a question.... a friend of mine is looking to propose. He picks up the ring on Saturday. He wants to have it insured. He got a quote from Chubb to have it on a separate policy. He also wants to get a quote from the homeowners insurance. I remember hearing that it can only be insured on the policy of the house which the girl lives in.

Does anyone know if this is true?

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That is true! My fiance insured it through an outside company...I can get the name if you want!

maybe it depends on the company???

I know that I had to put it on our joint renters, we couldn't put it on FH's other policy.

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Posted by jenny8484

www.jewelersmutual.com

super easy!

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me too