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Are the two of you covered no matter what? Find the insurance coverage you need and answers to all your insurance questions right here. Let's start with you and your honey: We've got health insurance information to help you choose the right plan and advice on how to get and keep health insurance even if your circumstances change. We've also got the inside scoop on life insurance and disability insurance. Now let's move on to some of the key parts of your life, like where you live. We have home owners insurance advice to help you understand what kind of policy you need, what's covered, and what to do when you need to use it. Besides the house, what about your wheels? You'll find answers to all your auto insurance questions, including how to cut car insurance costs. And let's not forget the little things! Ever thought about insuring your engagement ring? It might not be covered by your renter's or home owner's policy, so you ought to check if you have ring insurance. We've also got general insurance advice that can help with all your coverage, from the eight tips newlyweds need to know to tried and true tricks from real Nesties about insurance. You can also chat with other Nesties to get insurance advice right here. Whether you've got auto insurance questions, need home owners insurance advice, want help with health insurance information, or just want the dirt on insuring your engagement ring, you've hit the right spot.

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How to Insure Your Engagement and Wedding Rings

You've gotta make sure that rock (and meaningful band) is covered. Here's how.

What It Is

Ring insurance is best purchased as an extension (also called a "rider"), which is basically an addition to your renters or homeowners insurance policy. You'll need to provide your receipts as well as an appraisal from a certified gemologist. Another option? Insuring your ring through a company that specializes in jewelry insurance, which might offer more coverage than a standard homeowners' policy (replacing a lost or stolen ring rather than paying a set amount of cash, for instance).

Questions to Ask
When you're getting your coverage, be sure to go over the following points:

  • 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? Or 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 that aren't covered? (What if your ring flies off at the circus and gets trampled by elephants, for example?)

Average Cost

The yearly cost to insure your ring is $1 to $2 for every $100 that it would cost to replace. In plain English, this means that if your ring would cost $9,000 to replace, you might expect to pay between $90 and $180 per year to insure it -- or slightly more in cities where the risk of theft is higher.

Safe Keeping

Buy a vault or safe to keep jewelry in when it's not being worn (keep paperwork like appraisals in the safe too).

What to Remember

When you shop for a rider policy, make sure to read the fine print: A good policy will cover every potentially ring-threatening situation -- from theft to damage to accidentally dropping it in the garbage disposal. Also, check with your jeweler to see if they work with an insurance company to offer ring insurance. These kinds of policies can vary widely company by company, so make sure to ask specific questions about the level of coverage.

-- Kristen Finello

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