If you plan to buy an engagement ring soon, you’re undoubtedly excited about the prospect of beginning a new life with your partner. However, your joy shouldn’t overshadow practical matters, such as securing a reliable jewelry insurance policy to cover your valuable purchase. The right policy can prevent your hard-earned money from going to waste while also ensuring you can replace your loved one’s ring if it’s lost or stolen.

Top 3 Advantages of Jewelry Insurance

1. Prices

One of the greatest benefits of having jewelry insured is the relatively low cost. In most cases, you can secure a policy for as little as one to two percent of the total value of a piece of jewelry. These low yearly rates are worth it when you consider how devastating the loss of an engagement ring would be (especially if you lack the funds for a replacement at the time when it’s lost).

2. Decision for When Coverage Begins

Another excellent benefit of jewelry insurance is that you get to decide when coverage is initiated. You can purchase coverage the same time you buy the ring, or you can wait until a later date. You can also opt to have previously purchased pieces of jewelry insured whenever you choose. This is a good option for family heirlooms and other items of high value.

3. Broad Coverage

This type of insurance also provides a lot of options when it comes to coverage. For instance, you can have a ring insured against damage, loss, or even theft, which is a major concern during a honeymoon, when you and your partner will stay at hotels or resorts. Speak with an insurance agent about your options when it comes to implementing coverage.

In New Braunfels, TX, Comaltex Insurance Agency provides the benefit of more than 70 years of experience to clients searching for ways to protect what matters most in their lives. Learn more about this trusted insurance agency by visiting them online. You can also call (830) 625-7511 to speak with a knowledgeable representative about your specific needs.