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How to insure an engagement ring for a Valentine's Day proposal

3 min read

This is a good step for wedding planning.


Valentine's Day gives you an excuse to eat chocolate and have a nice dinner with your special person. There will be higher stakes this year if you intend to follow 3 things to do soon after engagement before asking the big question, know how to insure an engagement ring for a Valentine's Day proposal.

Don't let plan distract you from protection

Let's blink forward and assume your loved one says "yes" to the proposal.

You start the research phase and wonder about pictures of modern weddings. The impressive visuals can convince you to pull out all the stops with elaborate lighting fixtures, sea urchins and large steaks for each guest. If it suits your style and budget go to it. Just know that you have to work with arenas and suppliers while sacrificing much of your time.

Before you get lost in a maze of wedding planning, make sure you insure the engagement ring. With all the romance in the air, you might miss this step. However, the ring can be damaged, stolen or misplaced. Assuring the ring helps you reduce stress when preparing for your big day.

Have the Ring Professionally Estimated

Your insurance provider will request an official assessment of the ring before they offer coverage.

Remember your receipt for the ring purchase is not counted as an estimate. Your insurer needs more information, including a detailed description of the stone and the metal that make up the jewelry.

After you find an assessor and call the inspection, ask to have print on official letterhead containing the assessor's contact details. Save copies of this stationery and the assessment receipt for your information.

Request an extension

Add an extension to your tenants or home insurance especially for insurance an engagement ring. This extension ensures that your ring is covered (within coverage limits) for incidents inside and outside the home. Your cost of cover is determined by:

  • The estimated value of the ring
  • The crime trends and statistics in your city or place of residence
  • Your deductible

When you take out a scheduled personal coverage plan for your engagement ring, you usually get coverage limits up to that total valued value of the ring. This covers theft, loss, damage and repair.

 proposal_ring2 [19659000] Questions to your insurance provider </strong> </span>  </p>
<p>  <span style= Your insurance provider can answer your ring-related questions, including: [19659000]] be completely covered if it is lost or stolen?

  • Are there any situations where my ring will not be co vered?
  • How will the quality of my ring and diamond be documented?
  • Should my coverage change if the value of my ring increases over time?
  • Can I choose my own jewelry to replace or repair the ring?
  • What evidence will I need to show that the ring was lost or stolen?
  • How will the insurer replace the ring or pay for repairs?
  • Protect your ring ]

    Consider these safety instructions to protect your ring:

    • Buy a small safe for valuables and store the ring in a hidden area.
    • Use a ring guard to prevent the ring from falling off.
    • Be careful when removing the ring, especially when washing your hands or the counter.
    • When you are on vacation, leave your engagement ring at home and carry your wedding.
    • Household products can damage jewelry, so remove your ring before cleaning.
    • When you take off your ring, always have a designated place to place it.

    Is your ring protected by a policy? If your answer is "no," don't worry.
    Contact your local Pekin insurance agent to help you secure the correct coverage for your ring.

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