NFT: Jewelry Insurance?

Home owners. That's how most of my friends did theirs as well.

have limits for jewelry.

I was renting when my wife and i got engaged and I took out a personal article policy from the same company we got our renters insurance (USAA) and covered the ring separately.

I had switched to Liberty Mutual and added more jewelry to the policy over the years, but it's still separate.

the good thing about it is lose it, damage it, etc. and it's fully replaced with no deductible. This has happened (damaged). It has diamonds on the side and one came out and we never saw it. replaced per policy with no additional charge.

I did rentals insurance and ring insurance the same day and it was the easiest process. Call State Farm - they've been a pleasure to work with.

I was recently contacted to assist in recovering a lost engagement ring. The couple is renting a beach condo for 3 weeks and on their second day, the ring ends up lost in the surf. The woman was distraught and I gave my best effort, but she was in rather deep water at low tide. The ring is gone. She gets to stare at the surf where her ring sits for the next 2+ weeks. What's worse is that she learned that her ring was not insured, but his guitars at their home are. That poor slob gets to sleep next to her for the next 2 weeks as she schemes to destroy his guitars.

That I don't know the answer to:

If you insure the ring under your policy and your fiancé loses/damages the ring before you're married, is the loss covered? Can you insure something that's not in your family's possession? Better check that.

I use Jewelers Mutual. They specialize in jewelry insurance.

Does anyone know about how much it costs to get a ring appraised?


I had the diamond already and just had to pay for a band so I'd need it appraised to get it insured.

insurance. Quick and easy, they know you already and it's fully covered, even if she loses it in Tahiti.

In comment 13093191 bradshaw44 said:

Quote:

Home owners. That's how most of my friends did theirs as well.

+1

or not and.

on jewelry insurance.
Why Insurance Companies Don’t Renew Policies - ( New Window )

But I need to know exactly where you live and how to defeat the security you already have protecting it. Also, when is this location uninhabited? This will affect the rates and deductible.

In comment 13093328 RicFlair said:

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Does anyone know about how much it costs to get a ring appraised? I had the diamond already and just had to pay for a band so I'd need it appraised to get it insured.

Usually the Jeweler from whom you got the diamond will appraise it for you. It is not in their best interest to low ball it.
Appraisal costs, especially from the source, are low.

In comment 13093316 jrapps said:

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I use Jewelers Mutual. They specialize in jewelry insurance.

I also use Jeweler's Mutual for many years. I find that appraisals are higher than the replacement value, so I do use a deductible.

should go on YOUR insurance policy UNTIL you give it your fiancee then it needs to go on hers.