How to Find Engagement Ring Insurance

Insuring your engagement ring may not sound very romantic. Knowing your investment can be replaced and is insured is peace of mind.

Instructions

1. Exploring your options on how to insure your ring is the first place to start. You have a few options here. We will discuss them in the next steps of the article.

2. Keep in mind that not all engagement ring insurance policies are the same. Your first option is you can get what they call "rider" insurance this is insurance that goes along with your home or renters insurance. This will cover your ring and can be cheaply purchased. Typically rider insurance can be had for a $10,000 ring for about 80 bucks per month. This is a great insurance plan.

3. Examining your second option is to purchase a ring policy through the jeweler. Most jewelers either offer their own insurance or they go through an insurance company. This option has some pros to it, first you will not have to provide them with receipts since you are purchasing it from them and the ring should have already been appraised. Reading all the fine print is very important. Find out how much they cover and if they will cut you a check in the event your engagement ring is lost or will they replace it.

Tips & Warnings

• Read all the fine print

• If you decide on a riders policy make sure you update your new address.