Engagement Ring Insurance - Luxury or Necessity?
Is insuring a ring a luxury or is it actually very important.
While this decision is one that every couple will have to make on their own, engagement ring insurance is a very wise choice.
While it is definitely not a necessity, it is far more than a luxury.
All couples should consider purchasing its insurance.
Its is a big investment.
Often couples spend well over a thousand dollars when purchasing this ring, sometimes much more.
Insurance protects this investment from a variety of potential threats including: theft, damage, loss, and more.
Insurance provides peace of mind which will allow you to wear your ring without worry.
If something should happen, the ring is covered and you will be protected.
Some may think that engagement ring insurance is only for expensive rings.
This is not so.
The cost of the insurance is generally determined by the cost of the ring.
Less expensive rings cost less to insure, more expensive rings cost more.
No matter the cost of your ring, insurance will protect it from the unexpected.
Less expensive rings are often insured for a very low cost which makes it foolish to not insure them.
More expensive rings can be very pricey to replace making insurance very important.
Don't think that nothing will happen to your ring.
There are many great threats to your ring each day.
If you have a beautiful diamond ring, it becomes an easy target for thieves.
They are easy to steal and easy to sell.
Unlike TVs and other large technological items, jewelry can be easily hidden and transported.
It is often difficult to track making recovery of these stolen goods close to impossible.
It is also constantly being exposed to damaging elements.
Water, cleansers, and time all take a toll on your ring.
Stones often become loose and occasionally go missing.
They may need maintenance.
Often insurance will even cover routine sizing, cleaning, and maintenance on your ring.
Overall it is a very wise investment.
Rings can also easily be lost.
They are so small that they can be hard to find.
Many insurance policies will replace a ring even if it is lost.
As you contemplate an engagement ring purchase, also consider the importance of engagement ring insurance.
It will protect your ring and your investment.