Wedding ring insurance

[Psilloh1]

All of our jewelry and watches are on a separate jewelry rider thru State Farm.
It ain’t cheap and all Items over 5k must be independently appraised which is costly.

 

[GaMudd]

We sent a copy of the appraisal to ins. co. and have an additional rider for my wifes engagement ring.

 

[flyfisherman]

Look into listing it as scheduled personal property. It will cost a little more in premium. You will gain broader protection and you will not have a deductible if it is lost or stolen. Scheduled personal property does require an appraisal and you will receive appraised value in the event of a claim.

 

[jbbear6002]

I believe Shane Co's policy only covers if it's stolen or if it breaks and stones are lost.
I am really just worried about her losing the entire ring.

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[Jdadams]

I would suggest a rider ( I think that’s what it’s called) on your homeowners. I think he one for my wife’s ring is like $150 per year and it cover if it’s lost

 

[Hayata]

I'm too cheap to pay for the additional coverage...good thing my wife is good at keeping up with her stuff.

 

[jbbear6002]

I'm too cheap to pay for the additional coverage...good thing my wife is good at keeping up with her stuff.

She's a good one but keeping up with stuff isn't one of her strong suits

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[Kahrnut]

I'd just buy another box of Cracker Jacks.

 

[MSAA Personal]

I cancelled ours. If the appraisal comes out to $10,000 your premium will be based on that value but, if lost and the ins co. Can get a replacement for $5000. Guess what, that’s all you get. Just b/c it’s gets lost does not mean your getting a check for $10k

You’ll end up paying the premium at full value but actually will be getting about 1/2 if lost. Policy’s pay for replacements not the insured value

 

[opps]

Wife’s is covered under homeowners. Had to get all jewelry independently appraised at a cost for the insurance.
And twice a year back to Jarod’s for free mounting checks for their lifetime free replacement and free adjustments.
Too much $ for me but she is happy and therefore so am I.