Friday, 27 May 2016

Engagement Ring Insurance

If you have bought an engagement ring, you should get it insured so that your investment is protected well into the future.  When it comes to protecting your newly-wed investment, engagement ring insurance should be on the top of your priority list.

The following article by theknot.com shares tips on wedding ring insurance and advice on how to best put an insurance policy on your engagement ring.

Engagement Ring Insurance 101

What Ring Insurance Is:

 

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There are a few ways to insure your engagement ring. Ring insurance can be purchased as an extension (also called a “rider”) for your renters or homeowners policy. Renters and homeowners policies cover the stuff in your home, but only up to a certain dollar value. Expensive, special items, like engagement rings, art and electronics, are guaranteed through scheduled personal property coverage—an insurance policy extension that covers particular items. Another option is to insure your ring through a company that specializes in jewelry insurance, which might offer more coverage than a standard homeowners policy (replacing a lost or stolen ring rather than paying a set amount of cash, for instance). See full post here….

 

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