Why You Should Insure Your Engagement Ring

Most people like to buy a high-quality engagement ring as a token of their love when planning to get married, and with the best quality also come higher prices, so it is essential to take good care of the ring. As well as looking after it while wearing it during everyday living, you should also insure your ring against damage, loss, or theft. There is a lot of excellent information online on protecting your jewellery which you may find useful. If you have recently purchased or are looking to buy an engagement ring, then it is worthwhile weighing up the benefits that separate jewellery insurance offers.

I Am Covered On My Home Insurance!

It is something that is worthwhile checking as you may be covered by your home contents insurance for your jewellery, depending on the value. Most home contents insurance policies will only offer cover up to a specific value, usually between $2000 and $3000, and if your jewellery is worth more than this, it will not be fully covered under your policy. If it is a while since you bought the ring, then you will need to visit jewellers to get a valuation done for insurance. Many stores offer this service, and you can check the custom engagement rings at Diamond Brokers Queensland while you get your ring valued, and maybe even consider getting an upgrade in your engagement ring!

The Benefits Of Full Insurance Coverage

Accidents happen, and things also get lost from time to time, so it can be reassuring that if anything did happen to your engagement ring that you do not have to worry as your insurance will pay for it. Whether you lose it while doing the garden, it gets stolen, or it gets damaged, you will be able to rest easy that your dedicated insurance for your jewellery will cover the cost of getting a replacement. You will need to file a report with the police in the event of it being stolen or lost, as you will need a police crime number or report to be able to submit any claim. You will also need your valuation certificate for your jewellery if it needs to be replaced.

Shop Around For The Best Cover

As with many things, to make sure that you get the best policy for you, you will need to shop around and compare the different insurance companies that offer this service. You can even contact jewellery stores direct and ask about jewellery insurance as this is something that they provide, although you may need to pay for a valuation of your jewellery first. Make sure that you compare all aspects of the policies, and that includes reading the small print. When you receive a quote that you are happy with you will be able to take out your insurance policy and not have to worry about damaging or losing your engagement ring again. Just imagine how heartbroken you would be if you lost it and had no coverage at all, and no cash to replace it!