Posted on: 24 February, 2020

Author: Nancy Whitman

This is a really special time in your life. You are engaged and getting married to the one you love. However, you don’t want to lose your ring. Is it possible to get it insured, or are it automatically insured with your home insurance? There are many things that you need to know about getting an engagement ring or wedding ring insured. And, it is important to make sure that you are getting all the necessary information before you decide not to insure your ring. These are everything you need to know.  When should you consider insuring your engagement ring? No matter what, you should consider insuring your engagement ring. You can lose the ring; it can be stolen or even break and the diamond might fall off.  If you love your engagement ring and you value it, then you should have it insured. Don’t wait until you lose it before you realize that it was valuable to you and that you can’t now replace it. Any diamond ring of any value can be insured. It is important to get your ring insured as soon as possible. Benefits of having an insured engagement ring There are many benefits to having your ring insured. It might not replace the emotional value that you have with the ring, but there are other benefits as well. You will be able to replace the ring when you lost the ring. It does happen that women lost their engagement rings by taking it off before bathing or when they are working with their hands. And, the ring gets lost. The ring can also get replaced when it is stolen or when the diamond falls out of the ring and needs repairs. You will have the reassurance that no matter what you will be able to replace your engagement ring, even if you don’t have the money to purchase a new one. Things to consider when insuring your ring There are a couple of things that you should consider when you are insuring your diamond ring or gemstone ring. Things that can mean the difference in getting paid out for the lost ring or not.  You should make sure that you have the right value for your ring and the proof of the value before you are insuring it. You also need to make sure that you are insuring it with a company that you can trust and that has a good reputation. It is important to know that the company that you are insuring your ring at, will really payout when you are losing your ring. This happens a lot of times that people are using insurance companies that can’t be trusted and that aren’t paying out when you lost the ring. Is your ring insured when you are paying the ring in installments? This is a misconception that gets many people into trouble. They think that just because they are repaying the ring in installments, that the ring is automatically insured with the store. It isn’t the truth. You need to insure the ring separately. Sometimes the store will give you an option for insurance, but at an extra fee. You should never think that the ring is automatically insured. This might be the biggest mistake of your life. Insuring your engagement ring right now. You never know what is going to happen in the near future. And, you don’t want to lose something as valuable as your engagement ring. With all this information, you will know the importance of insuring your engagement and wedding rings as soon as possible. Then, you will be able to replace it, when something happens to the ring and you can’t afford new ones. Need advice on getting your engagement ring insured? Speak to a trusted jeweller today. Source: Free Articles from Nancy Whitman is a contributor to leading Adelaide based jewellery chain, James Thredgold Jeweller.