Consider Insuring Your Oval Diamond Engagement Ring

The oval diamond engagement ring is one of the most popular shapes of diamond rings, upstaged only by the round, princess, and marquise shaped diamonds. Once you have found the perfect ring for the occasion, you don’t want to take a chance on anything happening to it. Just like it is important to insure anything of value, your diamond engagement ring is no different and should immediately be insured.

While there are companies that specialize in insuring only jewelry, you can also add your oval diamond engagement ring to your homeowner’s policy. You may want to check the rates to see which type of insurance offers you the best deal. You will want to keep the diamond certification and a picture of your diamond ring in a safe place, such as a safety deposit box at the bank. This way, should anything ever happen, you can quickly get to the information you will need to file a claim.

You will want to shop around, read the fine print, and ask plenty of questions before you take out an insurance policy on your diamond rings because the policies can vary widely. For example, your homeowner’s or renter’s insurance policy may cover your diamond engagement ring if it is stolen but not if it is damaged or lost so this is something you will want to look closely at.

Ideally, your valuables, including your diamond engagement ring, should be covered no matter what type of loss you suffer. In addition, make sure that the policy you choose covers your ring when you are traveling as loss or damage could occur anywhere. Also ask about policy deductibles and whether or not you will need to have your diamond ring appraised in order for it to be insured. Just like shopping for any other type of insurance, in order for your oval diamond engagement ring to be protected, you will want to shop around and ask lots of questions.