Engagement ring insurance -What you need to know

 From the moment you say ‘yes’, chances are that you’ll be rocking a beautiful new engagement ring that will be the talk of the town. While this may be the last thing on your mind, have you considered that such Custom Jewelry Issaquah come with great responsibilities?

What happens if someone steals your ring? Or you lose it? Or even worse, if it gets damaged? You obviously don’t want anything to happen to your custom engagement ring once you leave the Jewelry Store Issaquah, and ring insurance can offer financial protection and peace of mind when you need it the most.

Getting engagement ring insurance

Your soon-to-be fiancé can insure the ring as soon as it’s purchased before taking it out of the shop. The sooner it’s insured the better it will be protected and once this is done you can look for ring insurance providers.

Coverage can be provided right after the application, appraisal, or even sales receipts are submitted and it can take around two to four business days if subject to underwriting review. 

Picking a coverage provider

When it comes to insuring your ring and other valuable jewelry pieces, you can get either homeowner’s or renter’s insurance and also purchase an extension called a rider that covers any Jewelry Repair Issaquah for your ring.

Just keep in mind, a jewelry claim filed against a homeowner’s policy could affect your entire policy as if your ring ever gets stolen or lost, your premium could go up and this could be affected at renewal.

Final Word

The good news is that engagement ring insurance is a smart investment as you can never know what will happen in the future. Besides that, the value of your ring goes up depending upon how it is maintained and you can even get a ring reappraised every two or three years for insurance purposes.