Diamond rings are highly expensive, so you need to be careful of not losing the sparklers ever. As some things like accidental falls or thievery can be beyond our control at times, it will be good if you insure diamond ring. Take a note of the following things while insuring your diamond ring.
You have two options to insure diamond ring, homeowners’ insurance or renters insurance, from whom you can buy an extension to cover your diamond ring specifically. In case you do not have access to both these choices, you can rely on a company that specialized in providing insurance.
Understanding the Price
The cost of coverage may highly vary according to the value of the diamond ring and several other factors including the place you live in and the theft possibilities in the region, whether your policy has deductibles, etc. Before you insure diamond ring, make sure to ask with your insurer about these and the repairs that may contribute to deductibles.
Gemological laboratories like the GIA provide diamond value certificates for stones that are half a carat or above that. As the certificate mentions the value of the diamond, it will be necessary for claiming diamond rings insurance and for recovering the actual worth of the diamond ring.