How to secure engagement rings?
Securing the engagement rings . The most prized possession of many women are engagement rings . Remember the excitement of the proposal and hope to spend the jewelry through the generations. It is recommended to assess the engagement rings in order to secure them. Thus, the ring can be replaced if stolen or damaged.
Places the engagement ring with an appraiser
Clean engagement ring to prepare for an evaluation. Use a toothbrush and water to gently brush dirt from the stones and and metal.
Take pictures of your ring. Save images in a safe place along with the assessment that you receive.
Hire an appraiser who specializes in diamond jewelry, leave your engagement ring with him if necessary.
Preserves pricing documentation detailing your engagement ring. Your insurance company will need to know the value of the piece, in order to secure it.
Ensures the rings with the right insurance
Ask your current insurance agent if you have it, about the limits of your policy relating to jewelry. Most policies have a very specific set limit coverage for loss, damage or theft of jewelry.
Schedule your engagement ring as part of the insurance policy of your home or tenant if adequate coverage is available. If there is not enough coverage, look for a separate jewelry policy.
Consider a policy of “replacement” for your engagement ring. This allows you to purchase a duplicate ring or a ring of the same value in the current market, if you lose or damage your ring and can not be repaired, but the ring is worth more now than when you received it.
Purchase an policy of “actual cash value” for your ring. This entitles you to the monetary value of your ring, based on their pricing, with depreciation deducted from it.
Choose a plan “value” for your ring if one of a kind and can not be replaced. This policy allows you to value your ring in an amount greater than its appraised value money.
Fill out the form for the type of insurance plan you choose jewelry for your engagement ring. Be sure to include photos and current pricing information, if necessary. Pay your premiums as directed by your insurer.