I Want To Insure My Wedding Ring

You might not initially.

I want to insure my wedding ring.

Though you might not want to think about it disasters can strike your wedding day. The rule of thumb is to pay 1 to 2 for every 100 of your ring s replacement value. So the cost to insure a 3 000 ring might range from 60 to 100 a year. Your soon to be fiancé or fiancée can insure the ring as soon as it s purchased and in their possession much like you would insure a car prior to driving it off the lot.

So if your ring is worth 4 000 you may pay about 80 a year. Most insurance companies do have a maximum limit they ll insure. From a sudden cancelation to stolen gifts to a damaged gown wedding insurance can help protect you against the unforeseen and can also afford you great peace of mind. How much does it cost to insure an engagement ring.

Contact a jewelry insurance representative to get information on rates to insure based on the ring s value. Or the reverse could mean you re underinsured and may incur additional out of pocket expense to repair or replace jewelry that becomes damaged or lost. If your fifteen year old ring is stolen will you be paid based on its original value or today. If you don t have home insurance or want to compare rates before you insure your ring try a jewelry insurance specialist.

That means an insurance policy for a 5 000 ring would typically cost around 50 100 per year. You can insure almost any type of jewelry including engagement rings other wedding rings diamond rings necklaces bracelets etc. As with any valuable you adore insuring your engagement ring lets your bride to be wear her ring with confidence and pride enjoying its beauty without worrying about damage or loss. If you lose an insured custom made ring will they pay to have your jeweler replicate it or will they want you to go with their preferred jeweler who will provide a similar ring.

Wait until later to talk about whether you like thering or not. If you re saying yes say an enthusiastic yes put the ring on and give him a big kiss. If you have a loss your insurance company has the option of paying you the appraised amount or replacing the ring. On average ring insurance costs 1 2 for every 100 your ring is worth.

If your ring s value was overinflated you could spend more than necessary to insure your piece. That limit can vary and may depend on your policy s total coverage amount. If your partner has surprised you with a ring and it s not the style you want keep in mind what a big risk he took and be kind.