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Insuring your Engagement Ring


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#61 beachbride08

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    Posted 29 May 2008 - 08:26 AM

    I've heard Jeweler's Mutual is good as well. I have been putting this off, but I definitely need to contact them.
    Michelle

    #62 Kristy!

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      Posted 29 May 2008 - 09:12 AM

      I have Jeweler's Mutual as well. They were definitely more reasonable than going through my homeowner's policy.

      #63 trajackson

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        Posted 29 May 2008 - 09:58 AM

        Mine is with State Farm- renter's insurance (we have a policy just for the ring). It was reasonably priced.

        #64 catandcleo

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          Posted 29 May 2008 - 11:29 AM

          I'm so glad to see a thread like this - FI and I are both in the insurance industry, and you would not believe how many people just don't think to insure their valuables!

          I haven't read the whole thread, but my $.02 is this - pay the extra premium and make sure your limits are high enough to cover your ring! (it is usually not a huge amount). Ours is insured through our homeowner's policy, but as a separate item. Within the first few pages, i noticed someone saying that your homeowner's or renter's policies only cover jewelry up to a certain amount and she is absolutely right. MAKE SURE YOU HAVE PROPER COVERAGE - because if anything ever happens, you don't want to have to replace your ring out of your own pocket!

          Sorry - i'm lecturing now. i'll stop!!! :)

          #65 *Casey*

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            Posted 05 August 2008 - 12:09 PM

            So I'm trying to insure my ring through Jewelers Mutual today. My quote was a little high with 0 deductible. Do any of yall know how much the average deductible is? I'm so lost... never done this before. Any advice would be greatly greatly appreciated! Thanks girls!

            #66 luckygirl

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              Posted 05 August 2008 - 06:27 PM

              My FI purchased e-ring insurance through Statewide, with whom he also has car and rental insurance. He received a discount too and pays $14/month. Not sure if there's a deductible. He did have to give a copy of the appraisal from the jeweler.

              #67 stacey

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                Posted 05 August 2008 - 06:35 PM

                Quote:
                Originally Posted by kacie3344
                So I'm trying to insure my ring through Jewelers Mutual today. My quote was a little high with 0 deductible. Do any of yall know how much the average deductible is? I'm so lost... never done this before. Any advice would be greatly greatly appreciated! Thanks girls!


                I am not familiar with Jewlers Mutual. DO you own a house, or have auto insurance?
                Stacey & Ely 10.14.2008

                #68 Jennifer Davis

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                  Posted 05 August 2008 - 06:58 PM

                  My fiance wouldn't even give me the ring until after he had it appraised an insured.

                  After he bought the ring, he took the GIA report and appraisal he got from the jeweler to a 2nd impartial appraiser to ensure that he got a good deal on the ring. He used "Just Appraisers" in NYC for this.

                  Then, he sent the appraisal from "Just Appraisers" and the appraisal from the jeweler he bought the ring from to JMI Insurance and got the ring insured.

                  He also bought a maintenance plan from the jeweler who maitains and cleans the ring periodically to keep it in pristine condition.

                  #69 bovkim

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                    Posted 05 August 2008 - 07:28 PM

                    Quote:
                    Originally Posted by tvt
                    i have mine insured through Jewelers Mutual. The jeweler that we bought the ring from suggested it. Also Trisha's sister is a jeweler and said they were good. So we went for it!
                    Mine is through Jewelers Mutual as well. The jeweler suggested it to us as well. It was an easy process and not expensive at all!

                    #70 bovkim

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                      Posted 05 August 2008 - 07:30 PM

                      Quote:
                      Originally Posted by kacie3344
                      So I'm trying to insure my ring through Jewelers Mutual today. My quote was a little high with 0 deductible. Do any of yall know how much the average deductible is? I'm so lost... never done this before. Any advice would be greatly greatly appreciated! Thanks girls!
                      I used Jewelers Mutual. I picked a $250 deductible and my cost per year was like $130 or very close to that. I was happy with it!




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