Ring insurance: 3 points to ponder
Filed under: Rings
The romance! The excitement! The ... insurance?
Even though you're most likely residing on cloud nine, admiring the ring and starting to plan your wedding, you also need to remember that the rock on your finger could potentially end up slipping down the drain, falling out of the setting, being stolen by birds ... you get the picture.
When you're thinking about ring insurance, there are a few points to ponder.
1. Keep in mind that your regular homeowner's or renter's policy may not cover your ring. Oftentimes, these policies only pay out a maximum of $1,000 for jewlry theft. Be sure to read your home policy carefully to help determine what's covered and what's not.
2. If $1,000 doesn't adequately cover your assets, check out buying some additional insurance for your engagement ring. Ask questions about everything! Find out about the deductible. See if you need your ring to be appraised, and if so, by whom?
3. Ask if your loss is covered under any circumstance (see above reference to bird theft), or if you're only covered in general circumstances (at home baking cookies)? If something happens to your sparkly jewel, are you going to receive a new ring or a cash settlement? And what happens if you accidentally mush the ring in your car door? Are you covered then?
Make sure you keep your ring safe and protected as you ready yourself for the dash down the aisle!
What's in a name?
Dress of the day: Anastasia by Maggie Sottero
Unusual wedding cakes from Dragons and Daffodils
