First-time Engagement Ring Buyers Insurance?

[blackball]

Wondering if any have some good websites for diamond ring insurance.

Diamond appraised at $15,490, so how much would one expect to pay per month/year?

I ask as my girlfriend is leaving for Australia 2 weeks after we get engaged, and I''d like a little protection.

Thanks!

 

[Richard Sherwood]

Most jewelry insurance runs $15 to $20 per thousand, per year. For a $15,000 piece, that would range from $225 to $300 annually.

If you did get the ring appraised as we were talking about on the other posting, and got an appraisal in say, the $10,000 neighborhood, you would save $75 to $100 a year in premiums, and still be adequately covered in case of loss.

An example of how a good appraisal saves you money instead of costing you money.

 

[Richard Sherwood]

Most people usually insure through their homeowner's insurance. If you don't have homeowners, Chubb & Jewelers Mutual are two companies that will insure jewelry only.