Diamond Lobby Website Says to Insure Your Engagement Ring, Numbnuts!
Oh my God! Let's call Lloyd's of London!!
From DiamondVues.com
Not Insuring Your Diamond Engagement Ring Is A Stupid and Dumb Mistake!
There, did I get your attention now?
It amazes me that people do not purchase insurance on their engagement rings right after they buy them.
Insurance for your loose diamond, or diamond engagement ring, should be part of your budget for the ring in the first place; that is how important it is.
You wouldn't think twice about driving your car without insurance, right?
Well, some of you will say, driving a car without insurance can get you into hot water, whereas wearing a diamond ring without insurance won't...right?
Wrong, bonehead!!
I'm not talking about getting pulled over by a cop...I'm talking about protecting your investment!!
In many cases, your car doesn't even cost as much as your diamond engagement ring and is not nearly as easy to lose, or have stolen from you!
Your engagement ring is not only sentimental, it is also quite valuable.
Tango’s Take
We weren’t sure who is bucking harder for insurance, the diamond industry or the insurance industry. You would think that the diamond industry wouldn’t mind a few diamonds getting stolen here and there. Those diamonds stay in circulation through pawnshops and the victim of the crime has to go out and buy a new ring. The insurance company has something to gain. They’re not in the business of losing money on claims; chances are that you’ll end up just paying for the privilege of their safety net. Also, they surely have some arcane rules about when they won’t pay. For instance: If you lose a finger when you lose the ring they won’t pay for the replacement ring unless your finger can be reattached because you don’t need a ring unless you have a ring finger. Also, if you lose the ring in a conflict-diamond country you’re out of luck. We’re not terribly familiar with DiamondVues, but it appears to be a mouthpiece for the gem and jewelry industry. Our advice to them is that you catch more flies with honey than vinegar. Stop yelling at us.
Discussion
I am a diamond engagement rings manufacturer and I know it can be very difficult for some of my customers to come up with the kind of money it takes to purchase an engagement ring. Many of them have to borrow money from family or take out a loan. I think it's pretty silly not to purchase insurance for your engagement ring, especially if it would be difficult or impossible for you to replace it, financially I mean. You can never replace the one that he proposed with of course. However with that said, I have spoken with customers that lost their engagement ring and it took many years before they could budget for another one, because they did not have insurance.
Purchasing insurance for your engagement ring is quite easy and very affordable. If you own a home, you can place it on your homeowners policy. If you don't own a home, you can go to a website called www.jewelersmutual.com and buy insurance for about $10 per thousand dollars of insurance. $50 on a $5,000 ring to insure against loss or theft. That's pretty cheap peace of mind.
Anybody can buy the insurance. I have heard back from my customers that I have recommended them to, and they have all had positive things to say about them.
I want to stress that I am not affiliated with Jewelers Mutual in any way. I just want to make sure that people who don't know about it, find out that it's easy and affordable to get insurance.
