There are many options to consider as insurance for diamond rings or precious jewelry. For instance, a renters’ and homeowners’ insurance provides the option to add a jewelry floater to the policy. Adding the jewelry floater to either insurance policy will provide coverage only up to an appraisal amount specified in the policy.
While it allows renters and homeowners to insure belongings and valuables in a single place, not all insurers or policies allow for this arrangement to the policyholders. In which case, you can approach a company that provides exclusive insurance for jewelry to insure diamond rings. An advantage of approaching a jewelry insurance company for insuring valuable items is that it allows policyholders to select a jeweler of their choice, while most standard insurance companies necessitate that one can only get that arrangement for a jeweler specified by them. Such insurance companies might be having a network of jewelers for that, so it is likely your jeweler may not be having a tie-up with the insurer.
Further, a jewelers’ insurance provides coverage for more unforeseen events and offers the option of zero deductible. No matter which approach you rely on to insure your jewelry collection, go for reputed jewelers only to safeguard the investment.