Insurance for Engagement Rings

cookiek1 Posted: Jul 09, 2003 04:47 PM

Insurance for Engagement Rings

My allstate broker just told me that insurnace for my ring is going to cost 450 a year??? I thought this way very highs ince I was just adding it to my home owners
... Any thoughts

fallin04 Posted: Jul 09, 2003 04:48 PM

Re: Insurance for Engagement Rings

Check out Jewelers Mutual Jewelers Mutual

shawl Posted: Jul 09, 2003 04:51 PM

Re: Insurance for Engagement Rings

If your FH or one of your parents is military/former military, you'd be eligible for USAA insurance, which is less than places like Allstate. I used to live in California, and I also found that AAA had much better insurance rates than the bigger carriers (although I only used them for car and renter's insurance). Maybe AAA in NY offers insurance. Sorry I can't be more helpful on pricing - I don't know how much my ring cost and so also don't know the cost of insurance.

aliciahelene Posted: Jul 09, 2003 04:51 PM

Re: Insurance for Engagement Rings

I think we have state farm..

HearzBellz Posted: Jul 09, 2003 04:52 PM

Re: Insurance for Engagement Rings

cookie, I used my HO insurance, BUT there was a thread about this very thing recently & a lot of girls posted thier company.... do a search and you should be able to see it.

cookiek1 Posted: Jul 09, 2003 04:56 PM

Re: Insurance for Engagement Rings

thanks!!!

jennbaby Posted: Jul 09, 2003 05:19 PM

Re: Insurance for Engagement Rings

I pay alot more than $450

Thats good but it depends on how much your ring appraised for!.

Let me know if you get lower

butterfly20 Posted: Jul 09, 2003 05:21 PM

Re: Insurance for Engagement Rings

jewelers mutual is 2 percent of the appraised value upto a certain value...
i pay $130 a year

kelly6273 Posted: Jul 09, 2003 06:11 PM

Re: Insurance for Engagement Rings

I also have Jewelers Mutual and I also pay $130 a year. I could be wrong here but I remember reading that that is the price for a ring appraised up to $15,000.

MarciaD Posted: Jul 09, 2003 09:32 PM

Re: Insurance for Engagement Rings

We have ours with State Farm, we got a mutli-plan discount since we also have home-owners and auto insurance with them. I think it's $300/year but it might be every 6 months. I would call your current insurance agent and try to get a mutl-plan discount for everything...

Good luck!

LnP2003 Posted: Jul 09, 2003 09:36 PM

Re: Insurance for Engagement Rings

I'm very happy with my $90 per year!

robyn7 Posted: Jul 09, 2003 10:04 PM

Re: Insurance for Engagement Rings

We were paying about $200 but now it comes out to less b/c we have one big insurance package for all of our various types of insurance.

P.S. Just so you have a tue idea and you aren't ripped off, my ring is appraised for more than $15K.

Sassy Posted: Jul 09, 2003 10:08 PM

Re: Insurance for Engagement Rings

Mine is State Farm, about $250/year

Marcela1654 Posted: Jul 09, 2003 10:30 PM

Re: Insurance for Engagement Rings

I have Chubbs and I pay $250 a year. Check the out, they have a great policy.

HeatherandNick Posted: Jul 10, 2003 12:08 AM

Re: Insurance for Engagement Rings

Mine is State Farm

itsbouttime Posted: Jul 10, 2003 08:22 AM

Re: Insurance for Engagement Rings

Shawl,
My FH has USAA insurance for his car. Can we insure my e-ring through that or does it have to be homeowners or life insurance??? (his car insurance is so cheap! can't wait to get married and put my car on his policy as well!)