Should You Purchase Insurance for Your Engagement Ring?
After all the time you have spent customizing your engagement ring for your soon-to-be spouse it's a good idea to have it insured. Any type of large investment should be insured and an engagement ring is no different. If anything were to occur, you will be in a much better position to handle it if you have insurance coverage.
There are many cases in which people lose their engagement rings or have had them stolen during a break-in. No matter how much you have paid for the ring, getting insurance for it helps protect the ring's value. When you know you are covered, you'll be able to rest assured knowing that the protection is there, should any unexpected event occur.
Engagement Ring Insurance
When getting insurance for your new engagement ring, there are 2 different ways to go about it. The first is to check your homeowners’ or your rental insurance policy to see if an engagement ring can be covered. If you do have an existing policy, it is a a good idea to call your insurance broker to find out if you can add jewelry to it.
If you are unable to use your homeowners’ insurance, the other way about getting your ring insured is by purchasing from a separate company that offers specialized jewellery coverage . In many cases this insurance is even better than what is being offered by a homeowners’ policy.
If you're going to be customizing a one-of-a-kind ring, it's important to get it insured as it is a unique design that you wouldn’t want to risk losing. You'll want to look for coverage that provides a clause for re-creating the ring should it be lost or stolen. It is also important to keep in mind looking for a policy that will offer repairs should the ring become damaged.
If you are going to be proposing in the upcoming future and want to create a custom engagement ring in Toronto that meets all your needs, please visit our website at www.liviadiamonds.com to see all of our engagement ring styles and cuts . You can also give us a call at 416-737-0050 any time to find out more about how we provide the best custom diamond engagement rings in the Toronto area.