As I’m sure you’ve heard, the old adage advises an engagement ring should cost roughly the equivalent of two months’ salary. That out-of-date advice came from a De Beers marketing campaign to create buzz around diamonds.
If we were to do some quick math and look at national salary averages over the first quarter in 2020, the most recent data from the Bureau of Labor Statistics indicates that would equal $7,592 (based on 8 weeks.)
First things first: a jewelry insurance policy from Jewelers Mutual is a repair or replacement policy.
Instead of just getting a check, you'll work directly with your jeweler (not someone we choose for you) to repair your jewelry or find a suitable replacement piece. Jewelers Mutual will work with your jeweler behind-the-scenes to coordinate payment.
Now that it's clear you'll receive a same-kind-and-quality replacement, not a check, let's move on to what is and isn't covered.
This Sunday, more than 100 million football fans will be tuning in to watch Super Bowl LV. We’ll root for either the Tampa Bay Buccaneers or the Kansas City Chiefs as the teams battle for the NFL's Vince Lombardi Trophy and go after the honor of being called “World Champions.”