Re: Ring Insurance...

To second what Michele said- make sure to check your policy to make sure that your renters/homeowners really covers the full value of the ring, even if its lost or stolen. My renters has a $5000 cap on jewelery, which would not come close to covering my ring. My e-ring policy covers everything, even (to quote the insurance man) if 'I flush it down the toilet'!! WTF??! Do you think that happens enough to be used as an example???

Re: Ring Insurance...

My FH informed me it's costing $600 a yr to cover my ring.

Re: Ring Insurance...

Yeah, it's expensive, but well worth it considering the value of the ring..

Re: Ring Insurance...

My ring is insured with State Farm.

Re: Ring Insurance...

Jenny- that is a lot. Is it thru an existing policy or one purchased just for your ring?

Re: Ring Insurance...

$600 is alot. Mine isn't costing nearly that much (through Jewler's Mutual) and it covers everything, lost, stolen, etc.

Re: Ring Insurance...

I went to Jewelers Mutual to see what their rates would be and it was the same based on their state/county rates.

I gasped when my FH told me, but he seemed to think it was reasonable and he knows a hell of a lot more about that stuff than I do! ;)

Re: Ring Insurance...

The cost of insurance will also go up depending on the replacement value of your ring.
We have Travellers for renters and car insurance and we added the ring under a seperate policy for Personal Valuables.
If the ring ever gets lost, they write you a check for the amount that the ring is appraised for.
I think the insurance on my ring is $120 a month because it's insured for quite a lot.

Re: Ring Insurance...

susan...That is a lot of $$$$$ I pay $110 a year, and mine is insured for a lot too. Who are you using??

Re: Ring Insurance...

its ok jenny my ring is $871 a year because of how much it was appraised for and i checked around pricewise but its covered no matter what happens to it

Re: Ring Insurance...

WOW... my ring was appraised for a high price too.
Do You have homeownwers insurance??

Re: Ring Insurance...

i have renters insurance and got a rider on top.
my ring was appraised very high (not to sound snobbish but i mean very) but then again my ring costed more than anyone's i know (personally) so maybe thats why. .
no matter what the price i know every one of our rings are stunning and its the thought thats counts, not price.

Re: Ring Insurance...

Diane, how much did you pay and where did you get your insurance, i really need to do this, my diamond popped out this week!!! but i found it luckily this time, i cant play around for a second time but 800 a year seems like alot.

Re: Ring Insurance...

tara it popped out?!
where were you?
i am so happy you found it.
please get it insured immediately

Re: Ring Insurance...

Mine is a rider on top of our renter's insurance as well. I think I'm probably in the same boat as jennbaby in terms of the insurance being high because the ring was appraised for a very high amount.
It's through Travellers. The quotes we received from Chubb and Jewelers mutual were about the same, so I really think it depends on how much it's appraised for and/or how much it would cost to replace, as I mentioned before.

If you take out a policy that is for less $ than naturally it would be less per year, I suppose.

Re: Ring Insurance...

Im paying $110 a year, and we didnt take out a cheap policy. First we had it under my dad's house policy, until Jay bought the house, but now we have a house.

Re: Ring Insurance...

Diane,
I sent you a forum mail.

Re: Ring Insurance...

I went with State Farm, went on as a rider to our home owners isn. policy. The rate was really actually very reasonable.

Re: Ring Insurance...

thru homeowners policy

Re: Ring Insurance...

susans...I responded to your mail