Jewelry
Putting an insurance policy on your engagement ring may sound unromantic, but nothing’s sweeter than peace of mind. Many Homeowners or Renters policies will include a limited value for jewelry. However, this coverage will only apply when there is a covered loss to the property, such as fire or a break in. Coverage will not extend if your ring is stolen on vacation. There is a solution – schedule the item on your Homeowners policy for an additional premium.
Questions to Ask Before You Choose a Policy:
Is the ring covered if you lose it accidentally—or only if it’s stolen?
Will they require you to purchase a replacement through a specified jeweler?
What if it’s a vintage ring or other unique piece?
Is the ring insured to full cost or a fraction of it?
How will you need to prove the ring vanished if you make a claim?
Are there any circumstances of loss or damage that aren’t covered?
Read how Hanover/Citizens can help to insure your valuables here.