The second biggest mistake brides and grooms (and husbands and wives) make is to Insure Their Rings with their Home-owners Policy.
Why Insure Your Rings
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Not insuring wedding and engagement rings is a costly mistake made by almost 50% of the public.
And the 50% that do insure their rings put it on their homeowner’s policy – and big NO-NO.
Save Hundreds in Repairs
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Not insuring rings stems from either being busy, silly, lazy, or uninformed.
A good insurance policy will save you hundreds on possible repairs, while making sure that your investment of thousands of dollars is protected – for pennies on the dollar.
How to Insure Your Jewelry
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Always make sure that:
1. Your appraisal is NOT over appraised – otherwise you’ll be paying higher premiums then you need and if you have a loss the insurance company will only re-imburse the actual value of your ring – NOT the appraised value.Elsa is here to make your jewelry buying and owning experience as fun and stress-free as possible. At Elsarings.com you will find the lowest prices on GIA certified diamond, platinum men’s ring, etc. Remember 12-15-07 we are giving away a $2,500 diamond pendant – enter by purchasing or referring – rules can be found on this page at Elsarings.com
2. That you have a ZERO deductible – this way your repair bills will be paid in full by the insurance company.
3. That you find a good insurance company like Jewelers Mutual to insure with. Why not put it on your homeowner’s policy? Because if you have a loss companies like All State, State Farm, etc. will raise your homeowner’s premiums. Using an independent company will not impact the premiums on your homeowner’s policy.
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