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Protecting Your Perfect Circle

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According to a recent survey of same-sex couples who wed in 2012, more than two-thirds of couples signified their engagement with two rings (one for each partner) during the engagement phase.

And, if these couples are anything like their straight male counterparts who were recently engaged and surveyed by Jewelers Mutual Insurance Company—the nation’s leading jewelry insurance specialists since 1913–at least 40 percent of them did not insure their rings after purchase, leaving the engagement rings without protection in cases of loss, theft or damage.

We insure our homes, our health, and our cars, largely because we are required to do so, but that doesn’t meant that there aren’t other insurance plans to consider. For two brides or two grooms, losing two engagement rings could be twice the trouble and twice the loss if something goes wrong.

Photo credit: iStockPhoto

Said Don Elliot, claims director at Jewelers Mutual, “It’s taking a big leap of faith (not to insure an engagement ring). Unlike the house or car, the engagement ring is one of the smallest, most-likely household assets to become lost.”

As LGBT couples increasingly enjoy the support of family, they might also find themselves in the position to be able to offer a family heirloom as an engagement ring or token. These pieces, though irreplaceable in sentimental value, can be appraised and protected, which can, at least, offer some peace of mind.

Interested in learning more? Jewelers Mutual’s Perfect Circle® Jewelry Insurance provides coverage that can go beyond standard homeowners insurance to protection against loss, theft, damaged and even mysterious disappearance (unexplained loss), with no limits on the coverage value. Minimum annual premium amount is as low as $25.To get a free quote, apply for insurance or view a sample policy, visit InsureYourJewelry.com or call a licensed agent at 888-884-2424.

Underwritten by Jewelers Mutual Insurance Company, Neenah, Wisconsin. Coverage and pricing are subject to underwriting review and approval, and to policy terms and conditions.