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Getting engaged is such a significant and memorable moment in one’s life. What’s more romantic than deciding to spend the rest of your life with someone? The last thing you want to worry about during this special time is losing or damaging your ring. It’s not just about the monetary value; the sentimental value is immeasurable – after all, it is a symbol of your love and commitment. Here are a few things you need to know about engagement/diamond ring insurance:
Engagement ring insurance isn’t necessarily the most romantic topic, but it’s necessary if you want to have peace of mind when it comes to your jewellery. Anything can happen to your ring: you could lose it while swimming on honeymoon, it could get stolen, it could fall down the drain while you’re doing dishes – the possibilities are endless (unfortunately). Having insurance ensures that you can replace or repair your ring should anything go wrong.
There are two ways to insure your engagement ring: you could take out an extension on your home insurance policy if you have one, or you could get specialist jewellery insurance. A home insurance policy will only cover you for up to a certain amount, and it doesn’t usually cover you outside of the home. This means that as soon as you step outside, you may not be covered. Specialised jewellery insurance will offer more coverage, and will often allow you to repair or replace the ring at your original jeweller.
If you fail to insure your ring, then you’ll have to pay for the replacement or repairing if something happens to it. As you know, this isn’t cheap – so it’s better to be safe than sorry.
Getting engagement ring insurance is fairly simple. You’ll need some basic documentation such as a sales receipt, valuation certificate and diamond certificate. Many jewellers work with insurance companies that offer ring insurance, so make sure to ask specific questions about the level of coverage provided.
During this special time in your life, make sure you have peace of mind. Ensure that the sentimental value of your engagement ring is protected by taking out specialist jewellery insurance with Q Report. Find out more about Q Report’s comprehensive, tailored jewellery insurance bloghere.
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.
