Are you getting engaged this Christmas? Don’t miss out to get your ring insured!

Diamond ring is a large investment that definitely needs to be protected, especially when it is gifted by your love. Thinking how? Well, you can protect it via insurance.

However, many of us may not think it important, but there are few reasons that contribute to the importance of getting ring insured. To name few of those reasons are: theft, damage and lost.

If you were also amongst those few people who used to not consider insurance important, but now have changed the phycology and wanting to get engagement ring insurance then read the following document that will explain you few things related to the insurance of ring.

Working of ring insurance

Likewise, other insurances ring insurance is also the same, but the difference lies in the thing being insured. For example, home insurance is for home and ring insurance is for ring. However, the process of getting the insurance is completely the same and very simple. All you would have to do is either add your ring insurance details to your home insurance policy or buy a separate policy for it.

Things to follow, if wanting the ring insured in a home insurance

The place where you are residing presently or where you would reside after engagement, you need to mention that place in the policy. This is because if at times when any theft or any misshapen occurs in the house where you had stored or worn the ring then you will get the actual value of it according to the current market value from the insurance company.

Requisites you need to follow for an engagement ring insurance policy

For getting the insurance of ring, you need to show the receipts and authenticity certificates for the engagement ring. This will allow the insurance company to know the authentication and actual price of the ring. Further then only the company will be able to tell you the installments that you need to pay for availing the benefits at times of crisis (theft, damage, lost).

Do I need separate engagement ring policy?

This totally depends on an individual. If one wants to buy a separate policy for the ring then they surely can or get it covered in the home policy.

Having looked at all the above aspects of engagement ring insurance you must have got an idea about the things covered in it. I hope, you will get the best policy according to your needs.