Getting a ring appraisal isn't exactly something you do every day, and unknowns can be intimidating.

It’s time to set the record straight on some common misconceptions about when a ring appraisal is needed, when it isn’t, and which details are required for insurance. Read on to learn more.

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.

Millions of couples rekindled the romance this Valentine’s Day. According to the National Retail Federation, 22% of consumers chose to gift jewelry this Valentine's Day.

"How much is my jewelry worth and is it covered for current value?"

You’re not alone if you don’t know the answer. The most important thing is that you find out and keep your jewelry covered for current value before it’s too late. 

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.