Should You Insure Your Engagement Ring?

Engagement in an individual’s life keeps a very important place. It’s a very special day, which gives a course to your life a whole new direction and so equally important and special is the engagement ring. It is one of the most valuable things both in the monetary and emotional aspects. It is the very proof of your love for your better half. So it is kind of genuine for anyone to get concerned about its safety and security. But now you have many options to ensure your ring and wear it with full confidence wherever you want.

Also Read: Top 19 Most Beautiful Moissanite Engagement Rings

There remains a doubt with many people as to what process they have to follow to get their ring ensured the right way. We at forever bridal make sure to assist you in the best way possible, ensuring there are no mistakes and the process remains easy and smooth.

What is engagement ring insurance?

The insurance of your engagement ring ensures its protection from any theft or damage. There are many other policies available too which cover the loss according to a policy you choose from. It is pretty strange to realize how people even think of avoiding insuring such an important thing, but when we have house insurance, car insurance, so why not insurance of your engagement ring too which takes an important place in an individual’s life.

Does your home insurance policy cover your engagement ring?

There is a very specific policy where jewelry is covered in a home insurance policy. That policy has a special section under the headline ‘named perils’ which covers the list of jewelry you have asked to get insured. The problem with such policies is that they could end up affecting your entire policy. This is something that anyone would love to avoid. A standalone policy is rather a much better option that keeps minute detail in consideration and provides much comprehensive protection in comparison.

How does engagement ring insurance work?

We at forever bridal are into this work for quite a while now and have managed to successfully insure thousands of engagement rings and other jewelry, and have been able to deliver utmost satisfaction to our customers. Every insurance policy can be different from the other and it needs the right expertise to create little yet significant information to create the right policy as per the requirement of the customer. It not only helps save your money but rightfully helps you in case of any damage caused to your valuable ring.

· What’s covered- different policies have different inclusions, and it solely depends on your requirement to make the right set of an insurance policies. We at forever bridal normally includes the following things

1) Loss

2) Damage

3) Theft

4) Loose stones

5) Disappearance

6) Worldwide travel

· What’s not covered

It becomes really important to understand what all things would not be included in a policy, we at forever bridal don’t include the following things-

1) War and authority

2) Deterioration

3) Critters

4) Intentional actions

Your peace of mind

What happens once your engagement ring suffers damage? Most likely any insurance company would normally reimburse you the cost of repair or replace your diamond but we at forever bridal offer you a repair and replacement policy. This means that you no longer have to worry about finding the right match of equal worth to replace your damaged engagement ring. Our policy would allow you either get your engagement ring fully repaired or replace it with something that is worth’s the same. We understand that fashion changes with time. So we allow you to get your ring replaced with something trendy and you could pay the difference (if any) and get everything fixed.

How much does engagement ring insurance cost?

While it might cost you a fortune to buy the special engagement ring but it would only cost you a minuscule sum of 1-2 percent of the total value. Sometimes the cost might depend on the location you live in or the type of ring too. We at forever bridal also deliver the free insurance quote if you find it difficult to get into a store for the same.