How Do You Get Insurance On A Diamond Ring, Or Other Jewelry?
So you finally bought that diamond ring? Protect your investment by getting it insured. Stuff happens, you don’t want to lose 2 months salary when that diamond ring falls into the garbage disposal. Follow these instructions to get insurance on this prized jewelry. The first thing you will need is an appraisal of your ring or jewelry. Take the piece to a certified gemologist. Look for GIA or AGS certification. Make sure they know that you are looking for a insurance appraisal. The jewelry store where you bought the ring will usually also be able to provide this. Call or go online for quotes. Insurance companies will charge based on the appraised value of the ring. Here is where the trade off is. With a higher appraised value, it will be easier to replace your ring if lost, but you will pay a higher premium. The point is you don’t want to over insure your ring. Your best deal will likely be from your existing homeowner’s or renter’s insurance. Tell them you want to add a ring to the poli
