If you lose your wedding ring and/or engagement ring, chances are, you may not be covered.
The majority of jeweler’s warranties only cover the basics; chipping, cracking and loss of the diamond from the mounting (as long as you have your rings inspected every six months). They might also cover unintentional damage to the ring and loss of any smaller diamonds, but some don’t even offer that!
While warranties differ slightly as to what they actually cover, none of these jewelry warranties cover some of the most common problems encountered after purchasing a significant jewelry item. After all of the emotions that go along with getting engaged and married, don’t assume that your ring is covered, only to find out that the warranty contract basically only covered manufacturer’s defects.
Two of the most common reasons brides need to be protected are due to an accidental loss or mysterious disappearance. With such a small piece of jewelry, it could happen to anyone! It could easily be lost while traveling, dropped down a sink drain, accidentally thrown out, or even stolen. Even though your ring is so small (therefor easy to lose), we’re likely talking about a ring that cost you a small fortune.
Most engaged couples suffer from a false sense of confidence because they thought they were covered by the jeweler’s warranty. Fortunately, there are great specialty insurers out there to give you a little peace of mind. Jewelers Mutual Insurance Company offers a great protection plan. To get a free quote simply enter in your jewelry value and deductible preference, and you get an instant annual premium estimate. Easy!