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Which jewelry pieces do you insure?

NovemberBride

NovemberBride

Brilliant_Rock
Joined
Jun 26, 2006
Messages
962
A post in FHH has got me thinking - what jewelry pieces do you insure? I insure my e-ring, wedding band and diamond studs - individual pieces which I could not afford to replace outright (or wouldn''t spend the money to replace outright at this time even if I had the cash). I figured that if I lose any of my other pieces, I could just replace them. But, I did not consider the possibility of a robbery where my entire collection was stolen. I have a significant number of smaller pieces worth between $500-$1000. If I were robbed and all those pieces were stolen, I wouldn''t be able to replace most of them. I have collected those items or received them as gifts over many years, and there''s no way I could justify paying thousands of dollars to replace those items. Would you insure these smaller items individually to guard against the possibility of losing them all to theft, even if you could afford to replace one or two? My homeowners has a jewelry catch-all of $2500, but again, this would barely make a dent in replacing my collection.
 
None.

I won't pay good money to insure such a frivolous luxury as jewelry.
Over the long term the money I save on premiums can buy more jewelry.
Insurance is a game about fear, and I won't play.
Plus it's a gamble and the odds are with the house since premiums collected dwarf claim payouts.

That said, if you like insurance then buy it.
You'll get peace of mind - but I have that too - peace of mind is just a frame of mind.
 
Ering, eternity band and diamond studs.
 
Only my ering.

We could not afford to insure all my jewelry. My most valuable piece of jewelry isn''t even insured as the insurance would be prohibitive (black opal and diamond ring from Cartier). So we made a decision and insured the most important piece of jewelry that we would not be able to replace if lost or stolen. The rest is uninsured and if I lost any of those pieces or they were stolen I may not be able to replace anytime soon but it is a calculated risk. The ering is the most important piece of jewelry to me and my dh.
 
I insure the things I cannot afford to replace. For me, insurance is worth the peace of mind.
 
I insure only my e-ring and wedding band right now, but I''m wondering about having even those removed. Insuring jewellery with a special rider on your house policy is darned pricey.
 
I''ve got my e-ring, w-band and diamond studs insured.
 
Date: 6/21/2010 5:24:59 PM
Author: kenny
None.

I won''t pay good money to insure such a frivolous luxury as jewelry.
Over the long term the money I save on premiums can buy more jewelry.
Insurance is a game about fear, and I won''t play.
Plus it''s a gamble and the odds are with the house since premiums collected dwarf claim payouts.

That said, if you like insurance then buy it.
You''ll get peace of mind - but I have that too - peace of mind is just a frame of mind.
Click to expand...
agree with ya Kenny...ain''t no way i''m gonna pay $220 premium to insure $10k worth of jewelry.
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Ering and wedding ring are on their own rider and I do have the xtra rider for up to $2500 on my homeowners, but that doesnt cover all the all stuff and it would only pay out if they get stolen or something like that.
 
Just my e-ring and my pendant. Otherwise, I''d never wear them.
 
I ensure my e-ring, because I wear it every day, and my pendant, because I got it shortly before a trip abroad where I''d be wearing it every day and I wanted the peace of mind. I''m similar to you, NB, in that my collection is much larger than those two pieces, and the bulk of it is uninsured: I reconcile the incongruity by having a great big safety deposit box where I keep almost everything. I gamble with the stuff I keep around and cycle because I want to wear it that week or that month, but running the risk of losing *everything* would just make me too anxious.
 
After losing everything in our apartment years ago, i started insuring.

My e-ring is the only thing i have an individual policy on. everything else is an add-on to my renters/home owners policy.
 
None. Not worth the cost, IMO.
 
I insure items over 5000.
 
My ering in the only piece with an individual policy right now. Since we don''t have lots of money we only insured the one item that I would not be able to be without. Anything else I would be sad about but I would be ok.
 
My engagement ring is the only thing that''s insured; I don''t have much other jewelry to speak of, besides my wedding set.
 
I don't have anything insured separately. Under my insurance on my flat I can replace any single item up to about $1,500 (which is the price of my engagement ring) and it covers about $35,000 worth of belongs in my flat and $5,000 of item on my person should I be mugged or lose them outside the house otherwise. This allows me to replace an engagement ring (cost of $1,500), wedding band (irreplaceable because it's unique but could find a similar one for $1,500), and earrings (about $1,000 I think).

This any single item up to $1,500 is important to DH as well. He has a few things that have been more expensive but this is the amount that we settled on when choosing insurance for our flat.
 
I only insure my diamond ring.
 
I insure my e-ring. The annual cost of $150 is well worth the peace of mind since we could not afford to replace it and I have seen too many stories of insurance claims here on PS to blithly walk around without it.

The rest is all under $1500 and so would be covered on my general home owners policy, so it is not individually insured.
 
E-ring, 2 eternity bands, Tiffany 16-stone band, 2 pendants, studs, hoops &
tennis bracelet
it costs a fortune to insure all this - not sure how much longer I''m going
to continue doing it.
 
Date: 6/21/2010 6:11:17 PM
Author: Tacori E-ring
I insure the things I cannot afford to replace. For me, insurance is worth the peace of mind.
Click to expand...
+1 I feel the exact same way.
 
Only my engagement ring. It''s the only piece we wouldn''t easily be able to replace if lost or stolen.
 
I never buy extended warranties either.
On the insurance that I have to buy, like home and auto, I keep the coverage stripped down the the absolute legal minimum.
My agent hates me and calls me every year to try to scare more money out of me.
She says, 'WHAT IF, WHAT IF, WHAT IF.
I answer, SO WHAT, SO WHAT SO WHAT. (I'm not living paycheck to paycheck and would still be happy if I lost some wealth.)
One thing's for sure, the risk of having to make those all premium payments is 100%, and hopefully you get nothing for your money.

I pay cash for my car so there is no bank forcing me to cover it in case it is stolen.
I only buy the state-mandated liability auto insurance, with the highest deductible possible.

Never in my life have I had a claim, or needed warranty service (during the extended warranty period) on anything.

I'm sure that the money I've saved by now paid for our Octavia.
 
Date: 6/22/2010 12:03:43 AM
Author: kenny

I pay cash for my car so there is no bank forcing me to cover it in case it is stolen.
I only buy the state-mandated liability auto insurance, with the highest deductible possible.

I''m sure that the money I''ve saved by now paid for our Octavia.
Click to expand...
Kenny...not a very good idea
in Ca its like $30K??
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say you rear ended and totaled my $60k car then your insurance pays the first $30k and now guess who''s liable for the other $30k?
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If If If!!!



We enjoy our free Octavia immensely.
No ifs there.

Fear is a powerful base human emotion.
It is very easy for companies to exploit us by fanning our fears like fire.

I don't join our modern world's expectation of perfect safety.
We demand of our government, our manufacturers, our doctors, and our society that nothing bad will ever happen.
Buy insurance for everything imaginable, even flight cancellations, and then sue if anything happens.
It makes me want to puke.

Safety caps are on everything now, even Isopropyl alcohol.
Kids live in bubbles now.
Swings sets are too low, playground equipment is less fun now.

If you like insurance buy it.
I don't so I don't.
Chances are I'll come out ahead - I already have, and we have an Octavia to show for it.
People who are heavily insured but have had no claims (the majority) are just out lots of money.
If something bad happens that I'm not insured for, well so be it.
I'll live.
 
Date: 6/21/2010 5:39:51 PM
Author: Kaleigh
Ering, eternity band and diamond studs.
Click to expand...
do you have the oval insured too?


I have nothing insured right now but I figure my ring is safe in the bank. Normally I have just my main ring insured - I insure what I cannot afford to replace out of pocket. If I had a 5k ring and someone mugged me for it I could replace it without too much heartache but I can''t replace 20-25k without heartache so it''s insured lol
 
Only my Ering and sapphire ring are on individual riders. We have a separate policy that covers up to a certain amount but would not cover everything if something happened but our thinking was that I''m always wearing some part of my jewelry so chances are low that something would happen to everything at one time. It''s more of a peace of mind thing for us. The rise in jewelry theft has risen quiet high the last couple of years.
 
I insured my e-ring and wedding band for a couple of years, then decided to let it lapse. If either were lost or stolen, I wouldn''t try to replace them. The main reason I love them is because they are sentimental. If they were gone, there would be no point in replacing them.
 
I have all of my jewelry insured under a rider on our homeowner''s policy. It covers loss, theft, damage . . . basically anything that could possibly happen to jewelry. It really isn''t that expensive, and I''d be tempted to never wear my jewelry if it wasn''t insured for fear that something would happen to it. Jewelry wasn''t made to gather dust in a drawer!
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My ering is insured under it''s own rider on the property insurance as it''s something the ins company would definitely investigate if I made a claim due to the cost. All of my other jewelry is insured under a "group" property policy. Basically all of my jewelry for a total of $5k is covered under this policy so I can add things to the inventory without having to get a separate rider for each item. I basically submitted an inventory to the ins company with the items, their value and a picture when I opened it, and then I update it when I add pieces. When I hit the $5k mark I have the option of upping the coverage to $7500, $10k, etc... This was the most economical way for me to do it.
 
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