The Enduring Appeal of Black Gemstone Jewellery
Black gemstone jewellery has an enigmatic allure that captivates the senses and adds a touch of soph...
.svg){kind=small}
.svg){kind=small}
.svg){kind=small}
.svg){kind=small}
When you buy an engagement ring, you’ve made a significant financial investment, and it’s one that you probably cherish. If your ring is lost, stolen, or damaged, you’ll need to know that you can replace it or have it repaired without any trouble or financial burden.
You’ll need insurance to protect your investment in your engagement ring, but who should be responsible for buying it: the bride or the groom? And what type of policy and coverage will you need?
In this article, we dive into the "him or her" question when it comes to paying for engagement ring insurance, and also address some common questions about engagement ring insurance.
Either the bride or the groom can buy insurance to cover the engagement ring, but ideally, it should be the person who first possesses the ring. In most cases, that’s the groom, who first has the ring after he makes the purchase.
If you’re wondering why it should work that way, you may not be remembering those horror stories we’ve all heard about wedding ring mishaps before or during the proposal. What if the ring is lost or stolen before the groom has the chance to propose? Or what if the groom has planned the perfect proposal, only to drop and lose the ring in the ocean, off a ferris wheel, or in another location?
If you purchase jewellery insurance at the point of sale, the ring can be covered from the moment you leave the jeweller on collection day. For example, our Q Certified Jewellers can organise quality cover for your engagement ring in-store, so you can rest assured that your ring is covered from the moment you step out the door.
You might think that a home and contents policy will cover an engagement ring, but that’s often not the case. These policies usually have a limit of what they’ll payout in the event of a claim, and it’s likely to be reached before the value of the engagement ring is added. Even if you receive some type of compensation for your engagement ring, you’re still likely to end up paying out-of-pocket.
And if you’re planning an overseas honeymoon, you could find out that your insurance won’t cover it. If the engagement ring is lost, stolen, or damaged on your trip, you may not be covered at all.
To make matters worse, when you file a claim under home and contents insurance, it's unlikely you'll be allowed to return to your original or chosen jeweller for replacement or repair.
Specialised engagement ring insurance provides coverage for your engagement ring as well as other pieces in your collection. With jewellery insurance from Q Report, you’ll be working with jewellery experts who are knowledgeable about engagement rings and other pieces and appreciate them for their financial value as well as their sentimental and emotional importance.
When you buy jewellery insurance from Q Report, you’ll enjoy the following benefits:
You should secure engagement ring insurance as soon as possible after buying your ring. If you buy your ring from a Q Certified Jeweller, you can insure your purchase before you even leave the store.
If you’re ready to buy engagement ring insurance, fill out our short online form for an instant quote or call us at 1300 882 018 for more information. We’d be happy to provide the insurance coverage you need to protect your engagement ring as well as the other pieces in your jewellery collection.
.svg){kind=small}
This has not taken cut, colour, clarity or carat, your financial situation or your partners taste into account. There are many factors that can reduce or increase the value of an engagement ring.
Speak with one of our Q Certified Jewellers to find out what you can afford, what your partner is looking for and what will financially work best for you.
.svg "close (3)"){kind=small}
.svg)
