Following is a look at the types of ring insurance available these days.
“Ring Rider” Insurance
The easiest way to get engagement ring insurance is through a homeowners’ policy. Payments get stacked onto your existing policy, which means few hassles. Since you are already doing business with the insurance company, you can talk your way into a better deal. On the whole, there is a better chance of getting good coverage because you have an existing policy.
Third Party Insurance
There is less room to negotiate when you insure your ring through a third party. The upside is that you will get better coverage. The plans offered will cover lost diamonds as well as other possibilities, such as your dog swallowing your ring. There are jewelers who partner with the insurance company to give you third party insurance, and if you choose one of these, you stand to get excellent coverage.