Should I Have My Engagement Ring Insured?

Well the answer is simple and easy: Yes. Your engagement ring will be worn for so many different occasions. Whether you’re grocery shopping, at the gym, at work, or simply out and about, there is always that probability of losing it. While having your engagement ring insured is probably not the most romantic thing, at the end of the day it is something that you won’t regret doing in the long run. Better to be safe than sorry, right? coastrosegoldring Here at Mervis, we work with your insurer to replace your engagement ring-- fast. Just let them know that you would like to replace through Mervis Diamond and leave the rest up to us. We have a large selection of inventory, as we work with various designers throughout the country. Before having the ring insured, you should get an appraisal for your ring so it is noted how much the engagement ring is worth. This will insure that your ring is covered at the right amount in case of theft, damage or loss. It is recommended that you reappraise your ring every two to three years to adjust the cost based on inflation and deflation. If you are thinking of insuring your ring, or know you will further down the line, make sure the ring fits right so there isn’t a higher probability of the ring slipping off and you losing it. Studies have suggested that women usually wait about 3 months to resize their ring—if you know the ring doesn’t fit, go resize it sooner than later. Trust me, you won’t regret it. Just remember- although you will be having your engagement ring insured, that does not mean that it will be insured against:
  • Wear and tear
  • Deterioration over the years
  • Insects
  • Vermin
If you have any future questions, please make sure to leave a comment or call Mervis Diamond. We are always happy to help!