Q Report Team
Engagement Ring Insurance: What to Look For
In all likelihood, your engagement ring is your most treasured piece of .
Explore Q Report's Content Centre for expert advice on jewellery insurance. You can also read e-guides and blogs, watch videos and more.
Q Report Team
When you first start shopping for an engagement ring, you might feel that you’ve gone back to school! Between researching the 4C’s and learning a whole new vocabulary (bezels, pavé stones, tension settings, etc.), it’s all a bit much.
And then, when you finally find the sparkler of her dreams, it’s time to start learning about another topic: insurance!
We’ve made learning simple for you. With the following ten facts, you’ll learn everything you need to know about diamond ring insurance. By the end of this article, you can carry on your merry way, enjoying the bliss that your true love inspires.
You can indeed add jewellery to your home and contents policy, but what kind of protection will you receive?
Most home and contents policies put a per-item limit on high-value possessions like jewellery, so you probably won’t receive enough of a benefit to replace an engagement ring. And since this type of insurance is designed to cover appliances, roofs and refrigerators, it’s perfect for stationery items but not so great for a ring you wear everywhere you go. Your home and contents insurance probably won’t cover your ring when you wear it outside of your dwelling.
Your jeweller will probably offer a warranty with the purchase of an engagement ring. But a warranty only covers manufacturing defects. If your ring is fundamentally flawed, you’ll make the discovery within a few weeks or months. A stone will fall out, or a claw will bend out of shape. Your warranty will take care of repairs or replacement.
But what happens after the warranty period expires (most warranties last several months or up to a year)? And even while the ring is under warranty, you’ll need some protection for accidents, theft and loss. That’s where insurance comes in.
Wearing a brand new engagement ring can feel like tending a newborn baby. It’s so much responsibility, and the fear of losing or damaging it can cause severe stress. Specialised jewellery insurance offers peace of mind because it protects your engagement ring everywhere you go, even while you’re travelling overseas.
Thieves love jewellery because it’s difficult to trace and incredibly easy to sell. Furthermore, millions of dollars in jewels can be discreetly hidden in a pocket! You can protect yourself from theft by insuring your engagement ring with specialised jewellery insurance.
Engagement rings are made of hardy substances like platinum and diamonds, but that doesn’t mean their immune to damage. Prongs bend out of shape, stones fall out of their settings, and scratches can mar your ring’s shine. When you have specialised engagement ring insurance, damage like this is not a tragedy. You can return to your jeweller for repairs.
Losing a treasured engagement ring is a nightmare, but fortunately, specialised jewellery insurance will replace your lost sparkler. With Q Report insurance, you can even return to your original jeweller for your replacement ring.
Agreed Value means that in the case of an approved claim for a total loss, we pay the full sum insured amount on your policy (minus the $100 excess). Some types of policies don’t pay the full amount shown on your policy if they can replace your engagement ring for less. Insist upon an Agreed Value policy.
Your receipt only shows how much you paid for the ring; it doesn’t tell whether you paid more than the market value or got a good deal. Your jewellery insurance policy will be based on how much it would cost to replace the piece, given current market conditions.
Jewellery values fluctuate based on supply and demand of precious metals and gemstones, labour costs and even currency exchange rates. Each year, your engagement ring will be revalued to make sure you have sufficient coverage.
Just because you have insurance doesn’t mean you should be careless with your engagement ring. Jewellery is not indestructible. And while your insurance covers theft, loss and damage from accidents, it doesn’t cover normal wear and tear over time.
You can keep your engagement ring looking shiny and new by developing good habits and cleaning it regularly. Remove your ring when using heavy tools and sports equipment like racquets and dumbbells. Avoid slathering it with lotions, creams and cleaning chemicals. Finally, check in with your jeweller every year or so for a closer inspection and a professional cleaning.
If you’ve already purchased the engagement ring, fill out this form to receive an instant quote. If you’re still in the market for a ring, consider shopping with a Q Certified jeweller. These fine establishments facilitate the insurance process, so your piece will be covered from the moment you walk it out of the store.
To learn more about our Q Report engagement ring insurance, give us a call at 1300 882 018. We’re here to protect the things you love, and we look forward to speaking with you.
To get an accurate insurance quote, please provide the amount from your purchase receipt.
Don't have the receipt?
If you don't have the receipt, you can provide the most recent valuation amount instead.
When you first start shopping for an engagement ring, you might feel that you’ve gone back to school! Between researching the 4C’s and learning a whole new vocabulary (bezels, pavé stones, tension settings, etc.), it’s all a bit much.
And then, when you finally find the sparkler of her dreams, it’s time to start learning about another topic: insurance!
We’ve made learning simple for you. With the following ten facts, you’ll learn everything you need to know about diamond ring insurance. By the end of this article, you can carry on your merry way, enjoying the bliss that your true love inspires.
You can indeed add jewellery to your home and contents policy, but what kind of protection will you receive?
Most home and contents policies put a per-item limit on high-value possessions like jewellery, so you probably won’t receive enough of a benefit to replace an engagement ring. And since this type of insurance is designed to cover appliances, roofs and refrigerators, it’s perfect for stationery items but not so great for a ring you wear everywhere you go. Your home and contents insurance probably won’t cover your ring when you wear it outside of your dwelling.
Your jeweller will probably offer a warranty with the purchase of an engagement ring. But a warranty only covers manufacturing defects. If your ring is fundamentally flawed, you’ll make the discovery within a few weeks or months. A stone will fall out, or a claw will bend out of shape. Your warranty will take care of repairs or replacement.
But what happens after the warranty period expires (most warranties last several months or up to a year)? And even while the ring is under warranty, you’ll need some protection for accidents, theft and loss. That’s where insurance comes in.
Wearing a brand new engagement ring can feel like tending a newborn baby. It’s so much responsibility, and the fear of losing or damaging it can cause severe stress. Specialised jewellery insurance offers peace of mind because it protects your engagement ring everywhere you go, even while you’re travelling overseas.
Thieves love jewellery because it’s difficult to trace and incredibly easy to sell. Furthermore, millions of dollars in jewels can be discreetly hidden in a pocket! You can protect yourself from theft by insuring your engagement ring with specialised jewellery insurance.
Engagement rings are made of hardy substances like platinum and diamonds, but that doesn’t mean their immune to damage. Prongs bend out of shape, stones fall out of their settings, and scratches can mar your ring’s shine. When you have specialised engagement ring insurance, damage like this is not a tragedy. You can return to your jeweller for repairs.
Losing a treasured engagement ring is a nightmare, but fortunately, specialised jewellery insurance will replace your lost sparkler. With Q Report insurance, you can even return to your original jeweller for your replacement ring.
Agreed Value means that in the case of an approved claim for a total loss, we pay the full sum insured amount on your policy (minus the $100 excess). Some types of policies don’t pay the full amount shown on your policy if they can replace your engagement ring for less. Insist upon an Agreed Value policy.
Your receipt only shows how much you paid for the ring; it doesn’t tell whether you paid more than the market value or got a good deal. Your jewellery insurance policy will be based on how much it would cost to replace the piece, given current market conditions.
Jewellery values fluctuate based on supply and demand of precious metals and gemstones, labour costs and even currency exchange rates. Each year, your engagement ring will be revalued to make sure you have sufficient coverage.
Just because you have insurance doesn’t mean you should be careless with your engagement ring. Jewellery is not indestructible. And while your insurance covers theft, loss and damage from accidents, it doesn’t cover normal wear and tear over time.
You can keep your engagement ring looking shiny and new by developing good habits and cleaning it regularly. Remove your ring when using heavy tools and sports equipment like racquets and dumbbells. Avoid slathering it with lotions, creams and cleaning chemicals. Finally, check in with your jeweller every year or so for a closer inspection and a professional cleaning.
If you’ve already purchased the engagement ring, fill out this form to receive an instant quote. If you’re still in the market for a ring, consider shopping with a Q Certified jeweller. These fine establishments facilitate the insurance process, so your piece will be covered from the moment you walk it out of the store.
To learn more about our Q Report engagement ring insurance, give us a call at 1300 882 018. We’re here to protect the things you love, and we look forward to speaking with you.
Unlike their battery-powered quartz counterparts, luxury watches have a beating heart – the mechanical movement. First created in the 14th century, large, weight-driven tower clocks with verge escapements and foliot balances marked the dawn of mechanical timekeeping.
Today, the core concept of mechanical movements remains unchanged from its original conception. It involves an intricate arrangement of gears, springs, and an escapement powered by a wound mainspring. This precision engineering allows for smooth operation and precise timekeeping.
Manual watch movements require the wearer to wind the crown periodically. Automatic watch movements, on the other hand, utilise the wearer's movements to keep the mainspring wound, offering a convenient everyday solution.
The Patek Philippe Calatrava, with its ultra-thin manual movement, exemplifies the elegance of traditional watchmaking. On the other hand, the Rolex Oyster Perpetual, with its self-winding mechanism epitomises practicality and durability.
Whether manual or automatic, a mechanical movement imbues a luxury watch with a soul, a testament to human ingenuity and a treasured heirloom for generations to come
Luxury watches often boast 'complications,' intricate mechanisms that add layers of sophistication, style and utility. Here, we explore some of the most fascinating complications created by the best luxury watch brands.
Unlike their battery-powered quartz counterparts, luxury watches have a beating heart – the mechanical movement. First created in the 14th century, large, weight-driven tower clocks with verge escapements and foliot balances marked the dawn of mechanical timekeeping.
Today, the core concept of mechanical movements remains unchanged from its original conception. It involves an intricate arrangement of gears, springs, and an escapement powered by a wound mainspring. This precision engineering allows for smooth operation and precise timekeeping.
Manual watch movements require the wearer to wind the crown periodically. Automatic watch movements, on the other hand, utilise the wearer's movements to keep the mainspring wound, offering a convenient everyday solution.
The Patek Philippe Calatrava, with its ultra-thin manual movement, exemplifies the elegance of traditional watchmaking. On the other hand, the Rolex Oyster Perpetual, with its self-winding mechanism epitomises practicality and durability.
Whether manual or automatic, a mechanical movement imbues a luxury watch with a soul, a testament to human ingenuity and a treasured heirloom for generations to come
Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.
Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.
Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.
Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.
Contents insurance is essential for anyone who owns valuable items, as it helps protect you should a potential loss occur in your.
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Luxury watches often boast 'complications,' intricate mechanisms that add layers of sophistication, style and utility. Here, we explore some of the most fascinating complications created by the best luxury watch brands.
Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.
Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.
Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.
Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.
“Knowing your engagement ring is insured brings peace of mind. Accidents can happen, and insurance coverage alleviates the worry and stress of potential loss or damage.”
Unlike their battery-powered quartz counterparts, luxury watches have a beating heart – the mechanical movement. First created in the 14th century, large, weight-driven tower clocks with verge escapements and foliot balances marked the dawn of mechanical timekeeping.
Today, the core concept of mechanical movements remains unchanged from its original conception. It involves an intricate arrangement of gears, springs, and an escapement powered by a wound mainspring. This precision engineering allows for smooth operation and precise timekeeping.
Manual watch movements require the wearer to wind the crown periodically. Automatic watch movements, on the other hand, utilise the wearer's movements to keep the mainspring wound, offering a convenient everyday solution.
The Patek Philippe Calatrava, with its ultra-thin manual movement, exemplifies the elegance of traditional watchmaking. On the other hand, the Rolex Oyster Perpetual, with its self-winding mechanism epitomises practicality and durability.
Whether manual or automatic, a mechanical movement imbues a luxury watch with a soul, a testament to human ingenuity and a treasured heirloom for generations to come
Diamond shapes can vary in price due to popularity and demand. Round brilliants, for example, tend to be more expensive than other shapes due to their high demand. If budget is a concern, consider alternative shapes or prioritise other aspects, such as cut quality, over the shape itself.
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Contents insurance covers the items within your home in case they are damaged, lost or stolen. This can include furniture, electronics, clothing and other personal. Contents insurance is essential for anyone who owns valuable items, as it helps protect you should a potential loss occur in your.
An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.
An engagement ring is a significant financial and sentimental investment. Specialised.
An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.
An engagement ring is a significant financial and sentimental investment. Specialised.
An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.
An engagement ring is a significant financial and sentimental investment. Specialised.
An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.
An engagement ring is a significant financial and sentimental investment. Specialised.
Luxury watches often boast 'complications,' intricate mechanisms that add layers of sophistication, style and utility. Here, we explore some of the most fascinating complications created by the best luxury watch brands.
Contents insurance covers the items within your home in case they are damaged, lost or stolen. This can include furniture, electronics, clothing and other personal. Contents insurance is essential for anyone who owns valuable items, as it helps protect you should a potential loss occur in your.
To get an accurate insurance quote, please provide the amount from your purchase receipt.
Don't have the receipt?
If you don't have the receipt, you can provide the most recent valuation amount instead.
In all likelihood, your engagement ring is your most treasured piece of .
You can’t stop looking at it! That gorgeous, expensive piece of jewellery on .
It’s easy to verify damage when you have the remnants of your precious sparkler .