There are several things to consider when deciding to insure your most precious diamond investment. A wedding ring symbolizes a commitment to a life-long relationship which will only grow stronger as the years pass. Making sure you insure your wedding ring is a must. During the initial purchasing process, always speak with your salesperson about which types of diamond insurance are offered through the store.
First of all, consider how long the insurance will be in effect. Will it cover lost stones and if so, is there a limit on how much is covered? Will it only cover a lost stone one time? What is the process that you will be required to go through should a diamond fall out of a setting? What are the limitations of the coverage? How long is the average repair time?
If your wedding ring is not properly insured you can easily be faced with a major disaster! The cost of insuring your wedding ring definitely justifies never having to repurchase your precious wedding ring all over again. Not only can repurchasing be very expensive, it can also be frustrating should you be unable to locate the original receipt in order to match the original diamond exactly. Your wedding ring is a priceless emblem of lasting love and commitment and it should definitely be insured properly.
Also, as a final tip, you might want to find out what type of coverage comes with the wedding ring upon purchase. Many stores offer a limited amount of insurance that covers lost stones due to craftsman defects. For example, if you purchase a wedding ring and a week later a diamond falls out, the store may have a standard amount of coverage that takes care of these issues for you and for a limited time. Basically, find out how long the wedding ring is insured under the store’s warranty and then extend coverage from the expiration date of the warranty.
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