How to Insure an Engagement Ring

Engagement ring is a significant investment for many young couples. When a young couple is engaged, they will take engagement ring for it. It is with special meaning for a couple. Apart from its emotional value, the engagement ring also has great monetary value. But if when we lose it, we will have serious loss. At this time you may wonder what should we do if we lose it. Actually, it is important to have insurance for our engagement ring. Next, we will tell you a way to go about insuring engagement ring.

6 steps to insure an engagement ring:

1. Get an appraisal from an independent jeweler. Take your ring to a local jeweler and ask him to appraise your ring, and then you will get the result within a few days. Ask the jeweler to give you a formal document so that you can insure your ring with it.

2. Read your insurance policy. If you have home owners or renter’s insurance, you can call your insurer and ask them to add your ring to an existing policy. If your ring can’t be covered under the existing homeowners or renter’s policy, you can locate a separate insurance policy.

3. Choose a deductible. When you insure your engagement ring, the jewelry insurer will offer a range of deductibles. You can choose one kind from them.

4. Take photos of your ring. Keeping one set of photos is helpful in the event of a loss.

5. Appraise your ring regularly. The value of your engagement ring may increase, so you can often appraise your ring.

6. Keep you ring safe.

Now, I believe you know how to insure your engagement ring. Hope you can protect your engagement ring well.