No matter how hard you try to avoid them, situations will arise that are out of your control. It is for this reason that you buy insurance for yourself, your car, and your home. Insurance for engagement rings works the same way. An annual fee is a small price to pay for the peace of mind that comes with ring insurance.
What Is Covered? Even if you are the most careful person in the world, you could still lose your ring. It is easy to take it off to prevent it from getting dirty or scratched, and it is just as easy to forget where you placed your ring or for it to fall down a drain or into a garbage disposal. Insurance for engagement rings can be helpful for covering accidents and damage to your ring but that is not where the benefits end. Depending on your insurance plan, you could be covered if your ring is lost or stolen. Theft of any kind is traumatic, but when it involves such a sentimental item it can be truly devastating. While replacing your ring can’t bring back the memories or feelings you associated with it, it can help to make the situation easier on you both emotionally and financially. Often times thousands of dollars are spent on the perfect engagement ring, and when a large amount of money is spent, it makes sense to cover the investment. Insurance for engagement rings is practical whether your ring cost hundreds or thousands of dollars. Again, while the sentiment associated with your ring can’t be replaced, often times the actual ring can if it is insured. 
How to Get Started You have a couple of options as far as jewelry insurance is concerned: you can add it as an extension to your existing rental or home insurance or you can find a company that specializes in jewelry insurance and have it covered that way. If you decide to go this route, we recommend checking out a company called Jewelers Mutual. Regardless of which option you choose, make sure that you read the fine print just like you would with any other insurance policy. The best insurance for engagement rings will cover everything from damages to theft. Avoid surprises by knowing everything about your policy before you sign the papers. In order to get the best policy and coverage, you will need to get your ring appraised by a professional. This will tell you exactly how much your ring is worth, which is necessary to create a plan that will cover your specific ring. If you recently purchased a ring, a receipt might also be accepted by the insurance company.
The Cost of Coverage Typically the cost of covering a ring is about a dollar or two to every $100, so if your ring was $1,000 you can expect to pay approximately ten to 20 dollars a year. Insurance for engagement rings costs more for more expensive rings, which makes sense. In the end, it is a small price to pay for less stress and worry. All Trumpet & Horn rings come with an independent appraisal that you can use to find the right insurance policy for you. Finding the best insurance policy might take some time and effort, but you will thank yourself later if anything happens to your engagement ring. Covering your ring will let you enjoy wearing it out more and lift a weight off of your shoulders since you know you are protected. Still looking for the perfect engagement ring? Trumpet & Horn offers many styles of vintage and vintage inspired rings that are sure to please even the pickiest person. Browse Trumpet & Horn today.