You are familiar with the stories – often broadcast on local and national news – stories featuring tearful couples, devastated over a lost engagement ring. When a Union County man dropped the diamond ring from a fishing pier mid-proposal, both he and his nervous fiancé scrambled into the shallow water to retrieve it. All of the drama was captured on video, and shown on the Today show.
Even more recently, a Charlotte man tearfully shared his story on the local news. After planning a proposal at the Biltmore House, he reached in his pocket to pull out the ring, only to realize that somehow the ring had fallen out of his possession. Obviously, this couple could not afford to replace their investment, and they were devastated about the loss. His forlorn fiancé was quoted as saying, “Blood sweat and tears went into that ring. I’ve never seen him cry until that day.”
We promise that your engagement story won’t end on a bad note. Waxhaw Insurance Agency can guarantee you that we can spare you the loss of hard earned wages spent on a valuable diamond engagement ring, or any piece of jewelry. We can’t replace the sentimental object, but we can make sure that you won’t reflect on the blood sweat and tears of earning the money you invested in your jewels. Putting an insurance policy on your engagement ring may sound unromantic, but nothing’s sweeter than peace of mind.
Insuring Your Valuable Ring
There are several ways you can insure your expensive diamond ring. You can purchase a “rider” for your renters or homeowners policy that covers extra items, listing the ring among other jewelry pieces, electronics and expensive belongings that might be worth more than your current policy covers. While most renters and homeowners policies cover items inside your home, they only do so up to a certain dollar value. We can go over your policy with you, evaluate your property and belongings, and help you decide what type of coverage you need.
There are several options for insuring valuables so that you will be able to replace those items if they are stolen, lost or destroyed. With insurance coverage, you can plan the most elaborate or daring proposal knowing that your ring can be replaced if it gets lost in the excitement of the moment.
Whether your engagement ring is worth $500 or $50,000, it is an investment in a sentimental and important object that you should be able to replace promptly and easily without having to cry on a local news station, pleading for help finding a lost possession. We hope for the best for that poor couple… if the ring is found, what are the chances it will be returned to the bride’s finger?
An appraisal or receipt from your purchase will confirm the value of the piece. (You can get an appraisal from a certified gemologist.) If you move after the wedding, make sure your “ring rider” follows you—Some couples have the ring insured at the bride’s house (or her parents’) before the wedding, but forget to add it to the policy for their new home when they move in together.
Frequently Asked Questions From Our Customers
Here are common questions our customers ask us about insuring their jewelry:
- Is the ring covered if you lose it accidentally—or only if it’s stolen?
- How will the company replace the ring? With a check? Will they require you to purchase a replacement through a specified jeweler?
- What if it’s a vintage ring or other unique piece? How will the quality and size of your diamond—and that of a replacement if needed—be documented?
- Is the ring insured to full cost or a fraction of it?
- How will you need to prove the ring vanished if you make a claim?
- Are there any circumstances of loss or damage that aren’t covered?
Give us a call or stop by, and we will go over any or all of these questions with you. We communicate with our customers to make sure that their coverage is well matched to their property and valuables.
In addition to purchasing insurance to cover your valuables, we recommend that you purchase a vault or safe to keep jewelry in when it’s not being worn. You can also keep paperwork like appraisals in the safe, so you’ll always know where it is if needed.
Whether you shop for a “ring rider” policy at Waxhaw Insurance Agency, or another provider, make sure to read the fine print. Get a policy that will cover every potential ring-threatening situation, from theft and damage to accidentally dropping it in the garbage disposal.
We can’t promise that you will not be nervous when you get down on one knee, but we can guarantee that paying for a replacement diamond if you lose the gem will be one less thing to worry about. If a marriage proposal is in your future, stop by and we’ll make sure all bases are covered for you! We wish you a Happy Valentine’s Day.