Ring Insurance

meganj725 Posted: Jun 06, 2011 09:47 AM

Ring Insurance

Hi Ladies -

I have been slacking on getting my engagement ring insured...I know I know!! I looked online and I saw a site called 'Jewelers Mutual' but I am a little hesitant to get my ring insured online. Does anyone know any other places that you physically go to and what you need to bring with you (ring, appraisal) ? Or if your car insurance carrier does it?
Thanks for your help :)

MrsCtoBe5512 Posted: Jun 06, 2011 09:50 AM

Re: Ring Insurance

FH got the appraisal for the ring/diamond when he bought it and then I scanned it and emailed it to my car insurance provider. my agent added it to our renters insurance.

AwaitingAugust Posted: Jun 06, 2011 09:58 AM

Re: Ring Insurance

i've heard good things about Jeweler's Mutual ... but i don't use them ... mine's insured through my car insurance company.

It's about $200 per year, i believe.

IrishAli Posted: Jun 06, 2011 10:02 AM

Re: Ring Insurance

I added it to my renters insurance as a rider policy

We just needed the appraisal

kjzimpel Posted: Jun 06, 2011 10:12 AM

Re: Ring Insurance

I have not insured mine yet either. But when I spoke my agent about it....he actually said I could either go through him or jewelry mutual so it must be a ligit site.

chliekm Posted: Jun 06, 2011 10:13 AM

Re: Ring Insurance

I had to get a seperate policy for it -- I went through State Farm and it was based on the price of the ring appraisal. The home owners insurance wouldn't cover it because it was over $5k.

IrishAli Posted: Jun 06, 2011 10:14 AM

Re: Ring Insurance

Posted by chliekm

I had to get a seperate policy for it -- I went through State Farm and it was based on the price of the ring appraisal. The home owners insurance wouldn't cover it because it was over $5k.

That's weird

Unless they mean to take out a rider? Mine was appraised at $8k...

jettahot Posted: Jun 06, 2011 10:17 AM

Re: Ring Insurance

Ours in under the homeowners insurance i think

seantaraod Posted: Jun 06, 2011 10:28 AM

Re: Ring Insurance

I went through Allstate and they were great. The agent is a friend of a friend. Let me know if you want his information.

SoontobeMrsH Posted: Jun 06, 2011 11:24 AM

Re: Ring Insurance

we brought it with all the paperwork from the jeweler to Allstate in Wainscott, that is the closest to us, I would suggest you try All State, or who you have your home owners/ renters policy with.

mjm2012 Posted: Jun 06, 2011 11:55 AM

Re: Ring Insurance

I used Jeweler's Mutual and did everything online because I wanted my ring insured from the second I had it. I read a lot of reviews online that were positive. Super fast and easy and reasonably priced.

futuremrstaheri Posted: Jun 06, 2011 03:45 PM

Re: Ring Insurance

I got mine insured through Jewelers Mutual. The place where my ring came from recommended it. If you add the ring to your renters/home owners, and you move, and something happens to the ring while your policy is being switched from one place to the other, your ring won't be covered.

blondybride Posted: Jun 06, 2011 04:59 PM

Re: Ring Insurance

did it through my parents home insurance, it was 165 for the year. BTW when you do get insurance for your ring, make sure it is 'ON LOCATION' insurance this means that you are not just covered in your home, it covers anywhere in the world that you lose it, for example on your honeymoon somwehere. a lot opf insurances only cover theft in your home. not necessarily loss in another location.

dunnkat Posted: Jun 06, 2011 08:15 PM

Re: Ring Insurance

I used my car insurance place (Allstate). I just faxed over the paperwork that came with my ring and chose to insure it for the amount we paid for it, not the appraised amount which is much higher. If you get insured for the appraised value it costs more.

LMEL1223 Posted: Jun 06, 2011 08:33 PM

Re: Ring Insurance

I have jewelers mutual insurance.
.
My cousin is an insurance agent and he registered it for me.

I haven't had to cash in on the insurance (thank god!) but they have been very easy to deal with for everything else.
The ask for 10% of you appraisal as a yearly fee.

NYtherapist Posted: Jun 06, 2011 08:51 PM

Re: Ring Insurance

Posted by LMEL1223

I have jewelers mutual insurance.
.
My cousin is an insurance agent and he registered it for me.

I haven't had to cash in on the insurance (thank god!) but they have been very easy to deal with for everything else.
The ask for 10% of you appraisal as a yearly fee.

Whoa! I have Jeweler's Mutual and we're not paying anywhere near 10% of the appraisal value. We're not even paying 5% of the appraisal value.

macetona1 Posted: Jun 06, 2011 09:25 PM

Re: Ring Insurance

We did ours through homeowners insurance.

SSteph903 Posted: Jun 06, 2011 09:30 PM

Re: Ring Insurance

Mine is under our renters and over $200 a year

1112bride Posted: Jun 06, 2011 09:39 PM

Re: Ring Insurance

My ring is also insured through Jeweler's Mutual, the jeweler actually recommended it to FH. It's legit, no worries.

chliekm Posted: Jun 06, 2011 10:24 PM

Re: Ring Insurance

Posted by NYtherapist

Posted by LMEL1223

I have jewelers mutual insurance.
.
My cousin is an insurance agent and he registered it for me.

I haven't had to cash in on the insurance (thank god!) but they have been very easy to deal with for everything else.
The ask for 10% of you appraisal as a yearly fee.

Whoa! I have Jeweler's Mutual and we're not paying anywhere near 10% of the appraisal value. We're not even paying 5% of the appraisal value.

i believe state farm is like 1% of the value each year.