Insurance policy on wedding ring

[pete6032]

For married folks do you have an insurance policy on your wedding ring? If you don't mind me asking, how much does the policy cost and have you ever made a claim? I'm debating whether or not I should renew mine at $65 annually to cover a $3k ring. Never made a claim and I wouldn't be financially ruined if I had to replace a stone or anything so not sure it makes sense to keep it.

 

[RLGL]

Can it not be added to the homeowners or renters insurance policy?

 

[biostud]

Nope, but then again we spent ~$300 on each ring.

 

[biostud]

Can it not be added to the homeowners or renters insurance policy?

I would guess that's how I'm covered.

 

[Stopsignhank]

For our 10th anniversary we upgraded my wife's ring to a 1 carat diamond.

For our 25th anniversary we bought a diamond and ruby ring for my wife.

For our 30th anniversary the pearl necklace was bought through Costco so not real expensive.

No insurance policy on either.

Funny now that I type this out. For our major anniversaries we buy something nice for my wife to wear and I get to help her pick it out.

 

[WilliamM2]

For married folks do you have an insurance policy on your wedding ring? If you don't mind me asking, how much does the policy cost and have you ever made a claim? I'm debating whether or not I should renew mine at $65 annually to cover a $3k ring. Never made a claim and I wouldn't be financially ruined if I had to replace a stone or anything so not sure it makes sense to keep it.

Wouldn't nake sense to me. You paid 3K for the ring, but what is it really worth if you were to sell it? I'm guessing less than 1K, probably much less.

 

[IBMJunkman]

Nope, but then again we spent ~$300 on each ring.

Expensive cigars.

 

[sdifox]

Insurance for your marriage makes more sense

 

[Hans Gruber]

Why not just $65 in a savings account each year. That way you can be self insured and be your own insurance underwriter.

 

[biostud]

Expensive cigars.

You can't put a price on love.

 

[Greenman]

Nope, but then again we spent ~$300 on each ring.

This is the sensible response. The only thing diamonds are good for is cutting and grinding tools.

 

[pete6032]

When we got the ring we got the policy because were out in public taking transit and out in public places at night. Now that we are work from home in a more suburban atmosphere I'm not nearly as concerned about theft.

 

[sdifox]

When we got the ring we got the policy because were out in public taking transit and out in public places at night. Now that we are work from home in a more suburban atmosphere I'm not nearly as concerned about theft.

my wife doesn't wear her engagement ring. It no longer fits and she is afraid to take it in to resize and they'll swap the diamond...

 

[BudAshes]

State Farm was the best deal for us and it already paid to get the ring fixed once for what was a several hundred dollar repair.

 

[I'dluv2]

For our 30th anniversary the pearl necklace was bought through Costco so not real expensive.

You waited 30 years to give her a pearl necklace? I gave her one when we were still dating.

 

[RearAdmiral]

Yup for the engagement ring. About $100 through a homeowners rider or whatever they call it. Covers losing it and such too.

 

[Meghan54]

You can't put a price on love.

That’s not what I was told, years ago, in Germany. Price of love started at $20 and went up. 🤪