Ring Insurance...

Original post by MarcellaBella

Sep 09, 2002 03:30 PM

Need advice...Who do you ladies have a policy with for your rings?? I do not have rental nor home owners insurance...I was referred to Jewelers Mutual, have you guys ever heard of them???

HappyEverAfter Posted: Sep 10, 2002 11:57 AM

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???

Jenny5150 Posted: Sep 10, 2002 01:05 PM

Re: Ring Insurance...

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

MarcellaBella Posted: Sep 10, 2002 01:18 PM

Re: Ring Insurance...

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

Latina511 Posted: Sep 10, 2002 01:26 PM

Re: Ring Insurance...

My ring is insured with State Farm.

michele31 Posted: Sep 10, 2002 02:14 PM

Re: Ring Insurance...

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

zac1228 Posted: Sep 10, 2002 02:53 PM

Re: Ring Insurance...

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

Jenny5150 Posted: Sep 10, 2002 04:10 PM

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! ;)

susans Posted: Sep 10, 2002 04:46 PM

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.

Diane Posted: Sep 10, 2002 05:44 PM

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??

jennbaby Posted: Sep 10, 2002 05:47 PM

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

Diane Posted: Sep 10, 2002 05:57 PM

Re: Ring Insurance...

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

jennbaby Posted: Sep 10, 2002 06:05 PM

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.

tarakinspa Posted: Sep 10, 2002 06:34 PM

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.

jennbaby Posted: Sep 10, 2002 06:35 PM

Re: Ring Insurance...

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

susans Posted: Sep 10, 2002 08:06 PM

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.

Diane Posted: Sep 10, 2002 08:12 PM

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.