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As you shop around for a bauble that will knock her socks off, one question keeps popping up: “Where can I get the best engagement ring insurance?”
No matter how careful you are, engagement rings take a beating. They’re worn day in and day out. Over time, prongs can bend out of shape, and gemstones can wriggle loose. Thieves are always on the prowl for jewellery they can pocket, and sometimes rings slide off fingers during a swim in the ocean, never to be seen again.
With so many potential mishaps in its future, your chosen engagement ring could use some protection (and you could use some peace of mind). But where can you go to find the best engagement ring insurance?
As you survey your options, be sure to ask plenty of questions. The answers to these questions will help you to know which insurance provider is right for you.
If you receive a generic, one-size-fits-all answer to this question, chances are good that your cover won’t be a good fit. When you ask about how much insurance you need, the solution should be highly customised to your engagement ring.
It doesn’t make sense to pay for more cover than you need. By the same token, too little insurance could leave you unable to replace your precious rock.
Here at Q Report, we offer an instant, online quote so you know roughly how much your premium will be. Once you submit your documentation, we have our jewellery experts tweak that quote, so your cover fits the ring like a glove.
Each year, our jewellery experts provide a complimentary revaluation, so you’ll always have the just-right amount of insurance for your engagement ring. Since market prices for gemstones and precious metals rise and fall, the value of your jewellery doesn’t remain static from year to year. We always want you to have enough cover for full replacement, so we only offer custom policies.
The process should be simple and straightforward. If you purchased your jewellery through a Q Certified Jeweller, in most cases they can insure your jewellery at the point of sale without you having to provide further documentation.
In all other cases, we typically need copies of the following documents:
If you don’t have all of this information, don’t worry. Simply send what you have, and one of our consultants will review it and let you know if we need anything else.
When buying an engagement ring, timing can be everything. Perhaps you’ve planned one of these 20 unique proposal ideas, or maybe you want to pop the question on her birthday. Whatever your schedule, you need insurance as soon as you purchase the ring.
Our Q Report coverage is instant from the moment payment has been successfully received. You will automatically receive a Confirmation Advice confirming you are covered. With this peace of mind, you can proceed with your plans, knowing the ring is protected from theft, loss and damage.
If something happens to your engagement ring, you will need to notify us directly. You can either call us on 1300 882 018 or email us at claims@qreport.com.au. We’ll guide you through the next steps where we will require a statutory declaration, and a police report (if lost or stolen).
We will then take care of the rest and liaise with your jeweller and the underwriter and keep you updated along the way. Assuming we don’t need further information, claims usually take five business days to process, though we often complete the process more quickly.
Good news! You’ve already found it! We pride ourselves on providing the best engagement ring insurance at affordable prices. And since we insure nothing but jewellery and luxury watches, you’re in good and knowledgeable hands.
If you’ve already purchased your sparkler, give us a call on 1300 882 018, or fill out this form for an instant quote. Let’s get that ring insured so you can enjoy it with complete confidence.
This article is advisory in nature and is offered as a resource to be used together with your professional insurance advice. It is an overview only and is not intended as a substitute for consultation with your insurance advisor or other professional advice.
To get an accurate insurance quote, please provide the amount from your purchase receipt.
Don't have the receipt?
If you don't have the receipt, you can provide the most recent valuation amount instead.
