Insuring your Engagement Ring

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

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

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

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!!!

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!

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.

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.