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Should You Insure Your Engagement Ring?

on Apr 22, 2020 11:12 AM
should you insure your engagement ring

You know what they say...if you have to ask...

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.

But just for fun, here's a little flowchart to help you decide on whether jewelry insurance is right for you.

Should You Insure Your Engagement Ring?

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Editor's Note: This post was originally published in 2018 and has been updated.

Comments

Good Work n very informating knowledge.

Syed Danish Hussain

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