Wedding Ring Insurance Coverage

Where most wedding insurance policies focus on liability as the primary area of coverage the wedding protector plan is for cancellation and postponement and offers liability as an optional.

Wedding ring insurance coverage. Who needs it most any couple with jewelry that is pricey or has sentimental value. Another option is to insure your ring through a company that specializes in jewelry insurance which might offer more coverage than a standard homeowners policy like replacing a lost or stolen ring rather than paying a set amount of cash. A floater endorsement can extend coverage limits beyond the base coverage.

Remember there are two of you and you may have two policies so check out both. It only costs 1 to 2 of the total value of your jewelry. Newly acquired jewelry is covered for up to 90 days for up to 50 000.

Engagement ring insurance is a contractual means of risk management to protect you from financial repercussions in the event of physical loss theft or damage. Jewelry insurance is affordable at progressive. The good news is that with a little advance planning your homeowners or renters insurance policy may help cover the cost of a stolen engagement ring or wedding ring including the diamond.

So a 5 000 engagement ring will cost about 50 100 year to insure. The stand alone policy offers a no deductible coverage with worldwide coverage. What s covered with a jewelry policy.

Lost rings and valuable personal items may be covered under home insurance but standard coverage limits can be low. The policies typically extend to all. Wedding insurance is special event insurance that provides coverage for wedding mishaps such as venues closing vendor no shows extreme weather damaged gifts sickness or injury and more.

Inflation protection is included for up to 150 of the amount itemized on the policy. Getting engaged can be one of the most memorable times of a couple s life. Your insurance company may offer coverage for your wedding and engagement rings within your current policy.