Minimum for ring insurance

[Daisi2112]

Hey guys,

I know this might be somewhat of a stupid question... but what is considered the minimum for e-ring insurance? What about if you rent and don''t own a home yet?

I have been toying with the idea of getting ring insurance ... and was wondering how much does it cost monthly I guess?

Thanks guys for being so helpful!

 

[stone-cold11]

Depends on the price of your ring. Jewelry Mutual can give you a quote online, IIRC.

 

[neatfreak]

Minimum price? Or minimum coverage?

I always tell people that if it would hurt you financially to have to replace the ring, then insure it.

Jeweler''s Mutual is happy to write a stand alone policy for a ring for any dollar amount even if it isn''t that much.

 

[Blinginator]

You should also look into Chubb, they''re policy is better in my opinion but costs more. Also, have you considered renter''s insurance? You can add a floater but typical insurance plans will only make the floater a max of 10% of your renter''s coverage, ie $20,000 ring will need at least $200,000 coverage.

 

[MMT]

Jewelers Mutual will cost you about $10 per $1000 amount of insured value. You ought to check out their website

 

[elle_chris]

PS stole my post.

What I said was, try renters insurance first. JM also takes into consideration State, city, security etc. My policy is way more than $10 per thousand. I think in some instance Chubb is less.

 

[DentD]

Ditto, we were able to add renters insurance and a ring policy to our auto insurance. Granted my ring isn''t that expensive but it still would have hurt us if we had to replace it ourselves.