Have you insured your diamond ring?

If you have not insured your diamond engagement ring, then do it as early as possible. You have spent a good amount of savings on purchasing the diamond ring. Would you like to lose it anytime without getting anything in return? In fact, keeping the highly costly diamonds in mind, the risk of its theft or the diamond falling off from the ring is always there. You should start the insurance process right away at the time of purchasing the ring.

First see if your home insurance policy covers the jewelry also. If not, then look for a new insurance jewelry policy and get your diamond ring insured. But the insurance will be done on the basis of the appraisal certificate of the ring. So, make sure that you have this certificate too and a correct existing market price is mentioned in it. Make sure that the appraisal is done by some professional. The insurance company can also go for its own appraisal of the ring you want to insure.