Engagement Ring Insurance: How to Get It
Engagement ring insurance is important for any engagement rings. We don’t care about the price of the rings. Whether it is $1,000 or $100,000, you should insure it. It is important to guarantee that the ring can be replaced once there is anything happened to the rings. Well, those who feel have sentimental value within the rings have to insure the engagement rings too.
What to Do in Applying for Engagement Ring Insurance?
It isn’t that difficult to apply for engagement ring insurance. You will need the receipt of the engagement rings, though. Another thing that you should get is the appraisal. A professional appraiser will do it for you. They will measure the value of the ring through evaluation toward its cut, color, carat weight, the metal type, the shape of the stones or diamonds, and stamps or identifying label.
To help the appraisal step, many jewelers already equipped the ring with diamond certificate. It will be used as guidance for the appraiser for knowing the exact value of the ring. To get the best appraisal for engagement ring insurance, it is important to find the best and reputable appraiser. Of course, different appraiser will cost you different fee for each appraisal job. Once you get the appraisal value, you can know how much insurance that you should pay. Usually, higher appraisal value means that you should pay higher monthly premium for the engagement ring insurance.
When you are going to apply, make sure that you get the best ring insurance company. Make sure that they give the best rate and coverage. Usually, the cost you should pay is based on the appraisal value, the theft rate in your neighborhood, and the deductibles policy. Once you have applied the insurance and you gotten it, you should pay the premium on time. Another thing to be remembered is doing re-appraisal of the ring. Appraise it once every two or three years. It is all for the purpose of the engagement ring insurance