Learn how you can get the coverage your engagement ring needs.

In all the excitement of getting engaged, the last thing you want to worry about is your engagement ring getting stolen or being lost.  That’s why you should make sure that you have it covered by the right insurance.  Here’s what you need to know about insuring your engagement ring.

Do I really need insurance?

As a general rule, you should get insurance coverage for any personal item that you cannot easily replace.  Even if your engagement ring isn’t particularly expensive, its sentimental value makes it irreplaceable for many couples.  While having insurance won’t necessarily make up for the emotional loss if your ring is lost or stolen, it could provide you with some comfort.

How do I get coverage?

There are several avenues you can take to get your engagement ring covered.  In some cases, your homeowners insurance might be enough to cover your ring.  However, because standard home insurance has coverage limits, you might have to add a policy rider to specifically protect your ring.

What steps do I need to take?

Usually, getting your ring insured will require you to get your ring appraised.  Generally, this appraisal will be completed by a certified gemologist for a small fee.  Once you determine how much your ring is actually worth, you can decide which insurance option makes the most sense for you.

Use this information to get the insurance coverage your engagement ring needs.  If you have any more questions regarding personal insurance, contact the experts at Weaver & Associates in Arcadia, California.  Our dedicated team is ready to assist you with all your insurance needs.