In most cases, insuring an engagement ring is much more affordable than you think. Which is great, since protecting your jewelry is one of the best things you can do to safeguard yourself from unnecessary heartache (and financial hardship).
So, how much does it cost to insure an engagement ring?
As wearable technology evolves, more tech companies are collaborating with jewelry manufacturers and designers to keep smart jewelry on the forefront of fashion.
And it’s not only with smart watches. We’re starting to see wearable tech that isn’t even recognizable as such at first glance – it’s just as beautiful as high-end fine jewelry.
Look up the definition of insurance and you'll find words like "reimbursement" and "compensation." That makes sense, since most insurance policies rectify losses by cutting you a check.
In the case of jewelry insurance, a cash payout isn't always your best option.
Read on for a comparison of how jewelry insurance works for a replacement policy versus a traditional reimbursement.
In all seriousness, the answer is probably yes. In most cases, it is financially logical for you to insure your engagement ring.
Insuring an engagement ring typically costs 1-2% of the value of the ring, paid once each year. Some quick math tells us it would take 50-100 years of paying premiums for you to pay more in insurance than it would have cost you to replace your ring.
Life happens. No matter how hard we try, we cannot plan for the unexpected.
That’s why you get home, auto, life, and, of course, jewelry insurance. It’s your safety net so that if something happens, you can fix it and forget it.
But how exactly do you file a jewelry insurance claim? What do you need to do?
If you're with Jewelers Mutual, follow the four simple steps below.
A well-fitting ring is a safe ring. Ensuring a proper fit helps safeguard against rings flinging off with your gloves or needing a surprise ring-removal ER trip after an allergic reaction or a long day out in the hot sun.
Deciding to resize your ring is the first step. But who pays for it? You? Your jeweler? Your insurance company? Find out below.
When most jewelers talk about the security of their businesses, they think in terms of safes, alarms, and vaults.
While robberies, thefts, and burglaries are still the most real threats, cyber-attacks are becoming a major concern. As technology continues to evolve and become more sophisticated, criminals are developing tactics to target your assets without ever stepping foot in your business.
