Engagement rings are a symbol of love and commitment, and they can be a valuable investment. That’s why it’s important to consider getting engagement ring insurance.
Engagement ring insurance is a type of insurance that protects your engagement ring in case of loss, theft, or damage. It can also cover the cost of repairs if your ring is damaged.
Engagement ring insurance has been around for centuries. The first recorded engagement ring insurance policy was issued in the 1800s. However, it wasn’t until the mid-20th century that engagement ring insurance became popular.
The popularity of engagement ring insurance increased after World War II. Many soldiers returned home from the war and were able to afford to buy expensive engagement rings for their fiancées. However, they also wanted to make sure that their rings were protected in case they were lost or stolen.
In the 1960s and 1970s, engagement ring insurance became even more popular as the diamond industry began to market engagement rings as a status symbol. Diamond rings were becoming more expensive, and people wanted to make sure that their investments were protected.
Today, engagement ring insurance is very common. In fact, it is estimated that over 80% of engagement rings in the United States are insured.
Moissanite and diamonds are both popular choices for engagement rings. However, there are some key differences between the two stones.
Moissanite is a man-made gemstone that is similar to diamonds in appearance. It is hard and durable, and it has a high refractive index, which gives it a brilliant sparkle. Moissanite is also much less expensive than diamonds.
Diamonds are a natural gemstone that is formed under high pressure and temperature. They are the hardest natural substance on Earth, and they have a very high refractive index. Diamonds are also very expensive.
When choosing between a moissanite and diamond engagement ring, there are a few things to consider. If you are on a budget, moissanite is a great option. It is also a good option if you are looking for a ring that is more durable than a diamond ring.
However, if you are looking for a ring with the traditional prestige of a diamond ring, then a diamond is the better choice. Diamonds are also a good choice if you are looking for a ring that will hold its value over time.
Engagement Ring Insurance for Moissanite Rings
Engagement ring insurance is just as important for moissanite rings as it is for diamond rings. Moissanite rings can still be lost, stolen, or damaged. And, although moissanite is less expensive than diamonds, it can still be a significant investment.
When choosing an engagement ring insurance policy, it is important to find a policy that covers the full value of your ring. The policy should also cover the cost of repairs if your ring is damaged.
Some engagement ring insurance policies may exclude moissanite rings. Be sure to read the policy carefully before you purchase it to make sure that your ring is covered.
How to File an Engagement Ring Insurance Claim
If you lose, theft, or damage your engagement ring, you will need to file an insurance claim. To file a claim, you will need to contact your insurance company and provide them with the following information:
Your policy number
The date and time of the loss or damage
A description of the ring
The value of the ring
Your insurance company will investigate the claim and determine if it is covered under your policy. If the claim is covered, your insurance company will pay for the cost of replacing or repairing your ring.
Conclusion
Engagement ring insurance is a smart investment for anyone who owns an engagement ring. It can protect your ring in case of loss, theft, or damage. When choosing an engagement ring insurance policy, be sure to find a policy that covers the full value of your ring and that includes coverage for moissanite rings.
