Image by Blancorazon Wedding
Your engagement ring is one of the crucial vital physical representations of affection which you could get, which is why keeping it protected is so vital. But, after all, we’re humans, and accidents occur. That’s why getting engagement ring insurance is crucial. Whether it gets lost, stolen, or damaged, having this protection provides you with peace of mind.
But with so many insurance firms on the market, how do you choose which one is correct for you? Quite than spend hours of headache-inducing research yourself, we’re rounding up five of our favorites to get you protected immediately!
Best Engagement Ring Insurance Firms
Jewelers Mutual
With over 100 years of experience, Jewelers Mutual is one in every of the oldest engagement ring insurance firms on the market. And with years of experience under their belt, they’ve proven that they’re trustworthy to maintain your dream ring protected. That’s why they’ve received endorsements from organizations reminiscent of the American Gem Association and Jewelers of America. They cover the whole lot from loss to theft to break with a $0 deductible option.
BriteCo
We’re all about ease of use, and BriteCo makes things easier than ever, because of the flexibility to get a quote and buy a policy online. This implies you’ll be protected inside 60 seconds. In addition they offer flexible payment plans, have zero deductibles, and adjust their coverage based on inflation. Which means you’re covered even in case your appraised value has increased as much as 125% since you bought a policy with them. Just be mindful that you’ll should get it appraised before purchasing a policy, as they don’t offer the service themselves.
Lavalier
In case your ring is of high value, chances are you’ll wish to turn to Lavalier for insurance. They’re a member of the W.R. Berkley Corporation and offer flexible deductibles starting from $0 to $25,000. One among the largest perks of the corporate? You get to work along with your jewelry for personalized claims settlements. And very similar to BriteCo, you may get a quote and apply all online, supplying you with coverage in under 10 minutes. But before you jet off to get insurance, in case your ring is valued at greater than $5,000, you’ll have to get it appraised. And be prepared to pay your annual premium upfront.
GemShield
It shouldn’t come as a surprise that GemShield is one other company that gives an internet application, but it could be argued that this one is the perfect out of all of them. The policy offered is “all-risk,” which covers loss, theft, damage, and unexplained loss, and it includes repair and alternative coverage–even while traveling worldwide. Nevertheless, like many other firms, you wish an appraisal if the ring is valued at over $5,000. And the utmost limit is $35,000 on one single item.
WAX
When you’re searching for engagement insurance that won’t break the bank, head to WAX. They provide as little as 1% of the worth of the ring, one in every of the smallest percentages you’ll find. And although that’s a small percentage, they provide some killer coverage–we’re talking about ensuring your ring for $1 million or more. To get a quote, you’ll either must fill out their online form and wait for an email back or down their mobile app, which may be frustrating to some. Nevertheless, this can be a small bump to recover from to get the coverage you deserve.
If, after reading about these engagement rings insurance firms, you’re left feeling more confused than ever, don’t stress. We all know that it could be overwhelming. That’s why we put together slightly guide on the whole lot you might want to learn about engagement ring insurance so which you could feel confident in your alternative!
Image by Brittany Boote
