How to Get an Engagement Ring Insured

To protect your investment and sentimental items we here at Houston Diamond Outlet always suggest that all our customers get insurance. How to get an engagement ring insured? This can be confusing so here is a easy guide to doing it properly. The first thing you want to do when trying to add insurance to your item is to have it  appraised.  If your engagement ring did not come with an appraisal, you can find jewelry appraisers by using Google. You can expect to spend anywhere from$50-$150. Once your appraisal is complete they should give you a formal document that you can submit to your insurance company.  I would also suggest taking a few pictures of your item for your own documentation and to also send one copy to the insurance company

Insurance Companies

-home owners

-renters insurance

-independent insurance like Jewelers Mutual

If you have existing homeowners or renters insurance I would suggest seeing if they would cover your items first. You may need to be insured through a “rider.” This is something that they add to your existing policy noting and item of higher value. If they won’t cover it you can always  buy a separate  policy through and independent.

When choosing your policy to get your engagement ring insured, make sure everything is clear as far as your coverage, whether your item is covered if its lost or damaged? You also want know if you have a deductible  if you file a claim. When choosing a deductible take into consideration this is the amount paid to replace the ring before the insurer picks up the tab for the rest. The higher the deductible, typically, the lower the annual insurance premium. Once this is all done make sure you have copies of all documents on hand and in a safe place.

I hope this guide was helpful. If you should have any further questions we here at Houston Diamond Outlet are here for all your jewelry needs!  In the event you need to make a claim we can help you with the process, or if you have any questions on how to get an engagement ring insured .

Houston Diamond Outlet

6222 Richmond Ave Suite 255

Houston TX 77057

(713)-784-7464