Ring Insurance
Posted on 13. Feb, 2010 by admin in Planning
Ring insurance is something you may or may not have heard of. And whether or not its right for you is also a decision you will have to make for yourself. Here are some tips to help you determine if it is something that could benefit you, or if it is an unnecessary precaution.
- Regardless of what the ring cost, from $400 to $40,000, the sentiment is priceless. The sentiment can never be replaced, but the ring can in case it is lost or stolen. This is a peace of mind you will want to have, since it is your ring after all, you want to wear it! And not have to leave it at home with the fear of losing it.
- If you are seriously considering getting this type of insurance, be sure you ask exactly what is covered. Sometimes it is only if damaged, but you will want a plan that covers loss and theft as well, as these are more likely to happen. There is no point in having it insured if you lose it at the beach, or have it stolen from your gym bag. This is an important footnote, so read the contract carefully, and be sure you see it in words.