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Would you insure your engagement and wedding rings?

August 29th 2008 04:26
engagement wedding diamond ring insurance

For most people, the engagement ring and wedding rings are more than just a piece of jewellery. Generally it is seen as a symbol of a commitment, a union of love, marriage…and probably however you want it to symbolise.


A previous post about engagement rings drew many interesting (and practical) thoughts from many of you. *Sadly* just as many people are not as practical as us –or perhaps we’re the queer ones -
diamond 4Cs ring

Anyway, I told you about that acquaintance with that (apparently) beautifully crafted four-C diamond ring – *apparently* because we still have yet to see it as it’s tucked away in a safe! Well, her dilemma now is whether to continue insuring it at more than $500 a year, especially since she doesn’t wear it.

That got me wondering, how many people out there have their rings insured. The few people I spoke to do actually have their rings insured – maybe because their respective rings are worth at about $10k (or more) each…!

jewellery insurance home content security

Is your ring insured? At what price/value would you have it insured? How necessary is it to insure your engagement and wedding rings?



First image courtesy of marykbaird, second image courtesy of chele, morgueFile.com.

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Comments
6 Comments. [ Add A Comment ]

Comment by Always Eighteen

September 2nd 2008 13:32
Heyyyyy Lara! How goes the world of romance


Hmmmmmmm. Personally I wouldn't insure my engagement ring if I ever get married... Do guys get engagement rings?

Comment by Anonymous

September 5th 2008 06:19
Hmmmm.....Would I get an engagement ring that has the value worth to be insured?

Nina

Comment by Lara M

September 5th 2008 06:58
Hiya Dean -- yea, some guys do get engagement rings but I don't think that's the usual case. My friend and her fiance exchanged watches instead of rings, so I guess it's your pick



Oooh...Nina, am sure it'll be a knockout regardless I guess insuring it will be relative to what the value is, and if it does actually work out to be cost-effective to insure it.

Thanks for popping in y'all



Comment by Mrs M

November 27th 2008 13:56
Yep definitely. My engagement and eternity rings are insured.

Recently my brother's house was broken into and they took all the jewellery they could find.

Also, my sister in law also lost the diamond off her ring once before.

So absolutely definitely. It sucks that you can never get that ring back again,

Love & stuff
Mrs M

Comment by Lara M

December 16th 2008 04:28
Hi Mrs M...thanks for popping in

Those situations are definitely a time when you think 'thank goodness we've insurance!'. Sure, more often than not we don't think it'll happen to us...but you just never know will you.

I agree, all the money will not you back that ring though...

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