I am close to buying an engagement ring for my girlfriend but I want to get this insurance thing taken care of before I make a move. I have a question that I could not find an answer to on the forum:
I own a condo (insured) and she lives in an apartment (not sure if she has renter's insurance, though I doubt it...should probably figure this out...discreetly, of course). Anyway, I am looking at three scenarious here:
1) Rider on my policy
2) Rider on her renter's if she has it
3) Stand-alone policy for the ring
Second, we live in different states, for now, so why would an insurance company insure it under my condo policy? If it's a stand-alone policy, who's name is it under, and is it insured for the city in which the RING resides, not me?
Thanks for the input.
I own a condo (insured) and she lives in an apartment (not sure if she has renter's insurance, though I doubt it...should probably figure this out...discreetly, of course). Anyway, I am looking at three scenarious here:
1) Rider on my policy
2) Rider on her renter's if she has it
3) Stand-alone policy for the ring
Second, we live in different states, for now, so why would an insurance company insure it under my condo policy? If it's a stand-alone policy, who's name is it under, and is it insured for the city in which the RING resides, not me?
Thanks for the input.