If you just got engaged, congratulations! It’s a very exciting time. You’ve got a wedding to plan, guests to invite, a venue to choose, and about a million other things to do. But already you’re worried that something might happen to the ring – the sparkly, gorgeous, beautiful ring now attached to your left hand. It’s so shiny and it means so much to you; you’d be heartbroken if anything happened to it. That’s why you’re wondering how to insure your engagement ring. Here’s what you need to know about getting engagement ring insurance.
Take a wander around your house. Or, if you’re not at home, take a mental tour of your home. Chances are there are a lot of expensive things that you’ve forgotten are there – they’re just a part of your home, so you don’t really think about them anymore. It’s not like you dwell on how fancy the décor at your home is, or how expensive the silverware was. Your valuables are just, you know. There.
But the thing is that these valuables might not have enough insurance coverage through your home insurance policy. For example, the limit of coverage for jewelry is often $1,000, and the limit is often $2,500 for silverware. Plus, a home insurance policy might not cover the loss of these valuables due to theft, accident, or natural disaster – it really depends on your policy. Would that be enough to protect all the jewelry and silverware that you own? What about your artwork? Heirlooms?
You know you need to make sure to protect your jewelry and valuables from theft, but to make sure that your valuables are protected from anything that life could throw at you, we’ll go over your options for insuring your belongings.
Whether it’s an engagement ring, a wedding ring or a family heirloom, your jewelry is something that is personally important to you.
It is more than just a ring or a bracelet. These important, and often valuable, items represent wonderful memories that have been created throughout your life and are irreplaceable.
Just think of something that someone you love gave to you as a child. You can’t put a financial price tag on a gift, can you? You wouldn’t take any amount of money for that either, would you?