Is Insurance for an Engagement Ring Necessary

1
Is Insurance for an Engagement Ring Necessary?

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2
You spent time planning and selecting the perfect
engagement ring from an engagement ring store in
Toronto for your special loved one. You have
decided how you are going to pop the big question
and have planned every detail of your proposal

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3
You are looking forward to seeing the look of
happiness and joy on her face and the last thing
you want is something that could affect this
perfect time in your life.

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4
However, you need to be prepared for anything and
protect your investment. This is why insuring
the engagement ring is important.

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  416-944-3863

5
You would be surprised by how many people never
even take the time to consider insuring
engagement rings. Then, something unexpectedly
occurs, like the ring is misplaced, lost, or
worse stolen during a robbery of your home.

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6
Whether you paid 500 or 50,000 for the
engagement ring, getting it insured helps protect
the rings actual value. There a few different
options for insuring a ring.

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7
You could check with your renters or homeowners
insurance agent to see if they cover engagement
rings. Some policies do allow you to add jewelry,
but in most cases, this type of coverage is a
separate extension of the existing policy.

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  416-944-3863

8
Whether you paid 500 or 50,000 for the
engagement ring, getting it insured helps protect
the rings actual value. There a few different
options for insuring a ring.

• www.serliandsiroan.com/
  
  416-944-3863

9
You could check with your renters or homeowners
insurance agent to see if they cover engagement
rings. Some policies do allow you to add jewelry,
but in most cases, this type of coverage is a
separate extension of the existing policy.

• www.serliandsiroan.com/
  
  416-944-3863

10
The other option is to purchase jewelry insurance
from a company which specializes in jewelry
coverage. These types of companies sometimes are
able to provide better coverage than what you
would get through your regular insurance agency.

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  416-944-3863

11
For instance, rather than just providing a cash
settlement for the ring, the policy could have a
clause allowing you to have the ring custom
recreated. In addition, the policy could even
cover damages to the ring so you can have it
repaired.

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  416-944-3863

12
How to Get an Engagement Ring Insured It is not
difficult to get your engagement ring insured.
You will want to get the ring appraised and
obtain documentation detailing the rings actual
value.

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  416-944-3863

13
You will need this documentation to obtain
insurance coverage. Sometimes, a receipt from
certain engagement ring stores is also
acceptable. However, if the value of the ring is
actually more than what you paid, having it
appraised is highly recommended.

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  416-944-3863

14
Next, determine whether adding the ring to your
existing insurance or purchasing a separate plan
is best. Make sure to ask your insurance company
exactly what is covered. They may only reimburse
you for theft,

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  416-944-3863

15
but not in cases where the ring is lost or
damaged. Find out what information they would
require should you need to file a claim to prove
the ring was stolen, lost, or damaged

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  416-944-3863

16
It is also beneficial to ask if the insurance
company will reimburse the full value of the ring
or only a portion of it minus a deductible.

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  416-944-3863

17
With engagement ring insurance, not only do you
protect the value of the ring, but also your
peace of mind. For assistance in choosing an
engagement ring or to have one appraised,

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  416-944-3863

18
please feel free to stop by Serli Siroan or
call us at 416-944-3863 today! Source -
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