Anytime we make a wedding ring for someone we emphasize the importance of having it insured. Wedding rings are usually worn 24/7 and things happen. When you schedule your ring on your homeowners/renters policy, or with a company like Jeweler's Mutual/Perfect Circle, you have what is called all risk coverage. In Michigan it typically costs somewhere between $10 and $15 per thousand per year. In other words a $5,000 ring will cost $50 to $75 a year to insure.
Here are some True Life stories - all of which are covered when you SCHEDULE your jewelry with all risk coverage.
- Kathy hid her ring in the coffee bean grinder when they went to the beach. Next morning her husband ground the ring along with the beans.
- An infant who was being toilet trained saw mom take off her ring, he put it in the toilet and flushed it away like a good boy.
- Mary loved to water ski - she had a pretty good wipe out that stripped the ring right off her hand to the bottom of the lake.
- Carla had a custom ring made with a trillion cut diamond. She works in a lab and hit the diamond on a metal refrigerator door handle. It broke one end off her triangle shaped diamond.
All of these instances are covered when you schedule your ring/jewelry.
If you do not have your wedding ring or other valuable jewelry insured, Jeweler's Mututal has just made getting a quote to insure your jewelry very, very easy. Their insurance for regular people is called Perfect Circle. Simply go to Perfect Circle Insurance for a painless quote. At the top of the form put in Jeweler Code: A01904 to get the free, no obligation quote. You can also learn a lot about jewelry insurance at this very informative site.