You have a gorgeous new rock on your finger and can’t wait to start planning! But first let’s take care of insuring that beautiful jewel:
- Get an Appraisal: This may be done at the place of purchase or through an outside company but you need to know all the details on your rock, especially the 4Cs: color, cut, clarity and carat weight. Keep in mind you want the appraisal to be accurate (not inflated).
- Choose a Provider: Option one is adding a rider to your homeowners’ or renters’ insurance policies. If you don’t have one of these or yours won’t cover your ring properly, there are also individual companies that specialize in covering jewelry. Make sure to ask some key questions like: What happens if you lose your ring? What happens if it’s stolen? Are there any situations where you wouldn’t be covered?
- Safe Keep the Information: Keep a copy of your original ring receipt, the appraisal and a photo of the item in case you ever need them.
- Re-Inspect Your Jewelry: Every year, you should have your ring re-inspected to check the prongs and the health of the ring. You should also have it reappraised every couple of years and update your insurance information.
Remember, it’s always better to be safe than sorry especially with something as sentimental as your engagement ring! Check out the Bustld Pinterest board to see more gorgeous engagement rings.
Photo courtesy of Taken by Sarah Photography