How to cover diamond ring

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PostPosted: Wed Sep 14, 2011 6:22 am   Post subject: How to cover diamond ring  

I just got engaged and I'm worried about losing my pricey diamond ring. Does my home insurance cover it or should I buy a separate insurance to protect it?
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VeronicaAdams
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PostPosted: Wed Sep 14, 2011 7:39 am   Post subject:   

Most probably your ring is covered by your homeowners policy up to some extent but not fully depending on its value.

Firstly you’ll need to get your ring appraised by a certified jeweler. After that depending on its value, you may choose to buy a floater as an add-on to your home insurance, for proper coverage. Or you may even buy a special policy meant for jewelry and valuable movable property.
Monawayne
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PostPosted: Fri Sep 23, 2011 6:33 am   Post subject:   

You can insure diamond ring with the help of "rider" which is an extension for your home owner's policy. Home policy covers your assets but to a certain extent, you have to take additional coverage for pricey objects.

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