Ask Questions.
Insurance coverage and cost varies widely with the company
and policy. Be sure to ask your insurance agent specific
questions about how and if your engagement ring is covered
by your policy. Here are some important questions to ask:
Is my engagement ring covered if I lose it?
What is my deductible, and if I raise or lower it, how
will that affect my premium?
Do I need an appraisal for my engagement ring to be covered?
If my engagement ring is stolen, will I replace the ring
or receive a cash payout?
Things to consider.
If you have to file a claim for a lost, damaged or stolen
engagement ring, you may be asked to prove its previous
value or condition. Keep updated photographs and current
appraisal values in a location away from your ring. A
safety deposit box is a good location.
