Wedding Ring Insurance

[audry80]

Who do you have your E and wedding ring insured through? I just got mine appraised and need to decide if I want to add a rider on my homeowners or use an independent insurance company. Thank you!!

[pitterwoo]

no insurance. I dropped it down the drain within the first week that H gave it to me, but luckily he was able to retrieve it just beyond the trap. Oh my goodness I was so freaked out. That was the only close call I've had.

[AAM2012]

We have ours with USAA who also insures our vehicles.

[aerowife2010]

We have my engagement ring independently insured through Jewelers Mutual. My wedding band wasn't super, super expensive so we don't have it insured through a separate policy- it's included as part of our normal homeowners policy.

[nicoliae]

We use Jewelers Mutual.

[Susie]

It isn't separately insured. If I had a loss, my e-ring/wedding band/anniversary band would be covered under our regular homeowners' policy, but the $1k deductible would apply. I don't have a jewelry rider to eliminate the deductible for jewelry losses.

[hannamaren]

Aug 6, 2012 18:25:36 GMT -5 Susie said:

It isn't separately insured. If I had a loss, my e-ring/wedding band/anniversary band would be covered under our regular homeowners' policy, but the $1k deductible would apply. I don't have a jewelry rider to eliminate the deductible for jewelry losses.

This is what we have.

[StJess80]

Yes. We have a rider on our renter's insurance policy.

[StJess80]

Oh, forgot to add...through State Farm. I believe the deductible is $500.

[audry80]

Thanks everyone! I just looked at my current homeowners coverage and it only covers up to a 2500 loss and would cover my wedding ring so guess I will only need to insure my e ring.

[Ashley&Scott]

Aug 6, 2012 18:21:57 GMT -5 @nicoliae said:

We use Jewelers Mutual.

This is who we use too. We have my engagement ring, wedding ring, diamond earrings & DH's wedding ring covered. I don't think there's a deductible.

[AAM2012]

Aug 6, 2012 18:25:36 GMT -5 Susie said:

It isn't separately insured. If I had a loss, my e-ring/wedding band/anniversary band would be covered under our regular homeowners' policy, but the $1k deductible would apply. I don't have a jewelry rider to eliminate the deductible for jewelry losses.

I don't know the value of your ring and/or your total jewelry but please make sure you double check your policy because a lot of homeowner's policies have a dollar limit to what they will pay for jewelry and usually it's not very much.

[peachdragon]

Rider on our allstate insurance

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[AAM2012]

Aug 6, 2012 18:53:57 GMT -5 v said:

Aug 6, 2012 18:48:34 GMT -5 AAM2012 said:

I don't know the value of your ring and/or your total jewelry but please make sure you double check your policy because a lot of homeowner's policies have a dollar limit to what they will pay for jewelry and usually it's not very much.

I know it will vary, but do you have a ballpark or where it becomes an issue? And is it per item or aggregate? Most of my jewelry isn't worth all that much, but I have a lot of it.

I keep thinking I need to look into our insurance more carefully to make sure that things like my handbags are covered, but I just can't bring myself to read the policies.

I can just say to look at your policy or call and ask. Some policies put a limit of say $1,000 or $2,500 for the loss of jewelry. Some people get confused and think it's up to $1k or 2500 per item but usually it's per occurance.

Edit: so I just reviewed my policy and the max is $1,000 for loss by theft for jewelry, watches, furs and previous and semi-previous stones.

[Deleted]

Aug 6, 2012 18:46:28 GMT -5 Ashley&Scott said:

Aug 6, 2012 18:21:57 GMT -5 @nicoliae said:

We use Jewelers Mutual.

This is who we use too. We have my engagement ring, wedding ring, diamond earrings & DH's wedding ring covered. I don't think there's a deductible.

Ditto. Since we rent it was a lot easier to get a separate policy instead of adding a rider.

[ssmjlm]

We have a separate rider that goes above the paid price of our rings since they've already increased in value.

[Mrs.Beagle]

we have a jewelry rider on our renter's insurance through travelers.

[eliza22]

We had a rider through Allstate. I lost my ring and we had a check in our hands within a week. They were great!

[lanyac]

Aug 6, 2012 18:18:09 GMT -5 AAM2012 said:

We have ours with USAA who also insures our vehicles.

Ditto, plus our homeowners insurance.

[jenni232323]

Aug 6, 2012 18:18:09 GMT -5 AAM2012 said:

We have ours with USAA who also insures our vehicles.

Similar -I thought it was a line home owners insurance with USAA. They do all of our insurances. But I just checked and it's a separate insurance - "valuable personal property". I think it's something like $35 a year.

[cgpm]

We use Jewelers Mutual.

Now that we have a home and homeowner's insurance, I may look into a rider when our current policy expires. It will depend on their terms, as pp have discussed.

[luvmagoldn]

Aug 6, 2012 20:07:44 GMT -5 jenni232323 said:

Aug 6, 2012 18:18:09 GMT -5 AAM2012 said:

We have ours with USAA who also insures our vehicles.

Similar -I thought it was a line home owners insurance with USAA. They do all of our insurances. But I just checked and it's a separate insurance - "valuable personal property". I think it's something like $35 a year.

This is us too. Personal property - personal articles - something like that.

[femmenatal1]

Aug 6, 2012 18:21:57 GMT -5 @nicoliae said:

We use Jewelers Mutual.

Ditto


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[vegas]

We have a rider on our homeowner's insurance. I used to have Jewelers Mutual and they were awesome when I had to make a claim. My diamond in my ring cracked and I was able to get a full replacement without issue.

[drloretta]

We have a valuable property plan as part of our HOI, through USAA. Very cheap.

[definitelyO]

through our homeowners - Farmers.

[dragonfly08]

My wedding band is covered by our regular policy...it slightly exceeds the maximum allowable for jewelry, but not by enough that it was worth adding a rider. More economical to just absort that hit should it get lost/stolen/damaged. The value of my ering is over what is allowed for a rider, so it's actually insured under it's own separate policy with the same company.

[mbcdefg]

We were renting when we got engaged. I called Allstate because my car insurance is through them, and they gave me a renter's policy to cover my e-ring.

When we bought our house, we again insured it through Allstate. A few weeks later I emailed my rep to ask on a whim if my e-ring was covered, since I thought they'd just transfer it over from my renter's policy ... turns out it wasn't, so I just had to ask them to add it. If it had been more than three years since I first insured it, I would've had to have it re-appraised.

Our wedding rings cost $200 each so it's not worth it to have them insured.

[njohnson1972]

I have a policy with Nationwide (who has my home, auto, and rental home). It exceeds the jewelry allowance on my home policy which was only $5,000.

I recently got diamond earrings for my 40th birthday and had it added to my jewelry policy as well.

[Ashley&Scott]

OP- I forgot to put this in my original response.

When you are shopping for insurance make sure it covers:
theft, loss, damage & mysterious disappearance.

Also check to see how they replace/repair. Is it from a jeweler of their choice or yours. We spent a lot of time shopping the first time around so it was important to us that we could go back to our preferred jeweler if needed.