Engagement Ring Insurance
An engagement ring is one of the most important purchases of your life and such a significant item needs proper insurance to protect it. Getting engagement ring insurance as soon as you purchase the ring is highly recommended. The sooner you have insurance, the sooner your precious diamond engagement ring is protected. There are a few considerations to keep in mind when shopping for fine diamond jewelry insurance. Anjolee has collected the following information to help you along the way.
Any diamond expert will tell you to get a detailed diamond certificate or grading report along with your diamond engagement ring set. An acceptable document must include specific characteristics such as the 4 c’s of the diamonds (color, cut, clarity, and carat weight), precious metal setting, and detailed description of the item. Every wedding ring set purchased from Anjolee comes with a thorough Certificate of Authenticity. For example, the certificate for the Classic Three Stone Halo Cushion Diamond Ring details the quality of the center diamond, the quality and quantity of the side diamonds, the total carat weight, and other useful information. There is also the option of adding a third-party certificate from the International Gemological Institute (IGI).
An authenticity certificate from the jeweler is a great start to getting an appraisal on your gorgeous diamond wedding ring set. Most insurance companies require some sort of an appraisal in order to properly insure the jewelry piece. An appraisal rates the current value of the diamonds and precious metal (such as platinum, rose gold, 14k white gold, or 18k yellow gold). It is crucial that your jewelry appraisal is accurate. If it’s too high, your premium will be higher and could be disputed in a claim. If it’s too low, you may not get the full value if the ring is lost or stolen. To get the most out of your policy, make sure to keep your appraisal current as the value may fluctuate over the years.
Just like the Luxurious Double Halo Diamond Engagement Ring, every purchase of premium diamond jewelry includes The Anjolee Warranty. Within the first 30 days of your purchase, you may return the item in its original condition for a refund, replacement, or an exchange. In addition, there is a one-year warranty for manufacturing defects (covering the quality of diamonds, metal, total carat weight, gemstones, and craftsmanship) and a lifetime warranty which covers free prong tightening, re-polishing, rhodium plating, and cleaning services.
When it comes to insurance for your bridal ring set, there are two basic coverage choices. One option is to add your valuable diamond jewelry to your existing renter’s insurance or homeowner’s insurance. Known as an insurance rider, this extension of your insurance specifically covers your engagement ring. If you choose this option, be sure to find out how moving will affect the coverage on your ring. Your other choice is to buy coverage through a company that specializes in jewelry insurance. The benefit of this policy is that if you have to file an insurance claim for your jewelry, your homeowners insurance cost is not at risk of increasing.
Anjolee recommends getting insurance on other important pieces of jewelry like anniversary rings, diamond necklaces, diamond earrings, and eternity rings. It may not completely ease the pain of losing a priceless piece of jewelry, but it may provide a bit of hope at a newer, updated version of your beloved diamond jewelry. Whether your engagement ring is a shiny princess cut solitaire diamond ring or a glamorous cushion cut halo bridal set, take the time and money to invest in your diamond ring of a lifetime.