How to Insure Your Engagement Ring

Posted on Monday, December 24th, 2018 at 1:05 pm by Emily

If you have some new bling on your left hand, you’re probably more interested in showing it off than purchasing ring insurance. But protecting your ring against theft or loss is something you should consider as soon as you purchase an engagement ring. You can insure an engagement ring like you would a car or a home. You’ll contact a provider for a quote, purchase a plan, pay a monthly premium, and then file a claim should anything happen to it.

Contact Your Existing Provider

If you currently have a homeowners’ or renters’ insurance policy, you can contact your existing provider. Your ring would be added on as an extension to your policy. Just like you would review any other insurance policy, make sure you’re clear on the terms of the coverage. Does the policy insure against damage too? Will you be insured for a ring replacement? Is there a cash payout option? How will you prove your ring was stolen? These types of questions will help you better understand the terms of the policy.

Request a Quote from A Jewelry Insurer

If you do not have an insurance policy that you can extend, reach out to a provider that specializes in jewelry. The questions above still pertain when reviewing quotes with potential providers.

Get an Appraisal

The value of your ring is the primary factor a provider will use to determine the cost of your insurance coverage. If you don’t get an appraisal, there’s no way to prove your ring’s worth if it’s lost or stolen. When you shop at Padis Jewelry, we are proud to be a part of the AGS (only 5% of jewelers in the U.S. meet the exacting standards), which is not only dedicated to consumer protection and ethical practices, but rigorously trains and certifies the best jewelry appraisers in the industry.

Along with our certified jewelry appraisers, Padis Jewelry’s non-commission staff is made up of two GIA Graduate Gemologists at all times. With every diamond purchase, we provide a GIA grading report, which the appraiser will need to determine your ring’s value. This certificate should be kept in a safe place as it can be used to track down your specific diamond if something were to happen to it.

Shop for Engagement Rings at Padis Jewelry

If you wish to view an exceptional collection from one of most reputable jewelers in San Francisco, look no further. Unlike most online retailers who source "lists" of diamonds to feature on their sites, Padis Jewelry owns its entire stock of high-quality, certified responsibly-sourced diamonds.

Padis Jewelry has been a trusted name in the industry since 1974, specializing in loose certified diamonds, engagement rings, and fine jewelry. Our showrooms are located in the heart of the San Francisco Wholesale Jewelry District. Schedule your personalized visit today!



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