You've spent countless hours planning your dream wedding, from selecting the perfect dress to choosing the most exquisite flowers. Amidst all the excitement, it's easy to overlook a crucial aspect: insuring the sparkling diamond that sits upon your left-hand ring finger.
While it may not be as glamorous as other wedding tasks, securing proper protection for your precious gem is essential. After all, it's a symbol of your love and commitment, and that value extends far beyond monetary worth.
So, as you dive into wedding preparations, remember to prioritise the peace of mind that comes with insuring your cherished diamond engagement ring. Need an added reason? We've got 7!
1. Financial Protection
Diamonds are valuable assets; their loss, theft, or damage can result in significant financial loss. Diamond insurance provides coverage to help recover the value of your jewellery in such unfortunate events.
It’s essentially a safety net, allowing you to recoup your financial investment in your precious gemstones.
2. Return to Your Jeweller
Having the flexibility to select your preferred or original jeweller is crucial. Your chosen jeweller holds a special place in your heart, whether it's due to their family legacy, outstanding reputation, or personal connection.
Opting for a diamond ring insurance policy with JewelCover allows you to return to your trusted jeweller in case of a claim. It ensures that your jewellery will be handled by professionals familiar with its unique qualities and sentimental value.
By maintaining this independence, you can have peace of mind knowing that your treasured pieces are in the hands of those you trust the most.
3. Agreed Value
When it comes to diamond ring insurance, a specialised insurer should always value transparency and fairness regarding insurance claims for its customers. When you pay your insurance premium, you'll want it based on an agreed insured value for your jewellery.
In the unfortunate event of a loss, if your claim is approved, you'll be paid the agreed value amount rather than a value "up to" the insured value.
4. Complimentary Revaluation of Your Jewellery
Jewellery Insurance vs Home and Contents Insurance: In traditional home insurance policies, the onus is typically on the policyholder to ensure that the insured value of their jewellery is accurate. However, a specialised diamond insurer will recognise that its value can change over time due to various factors, such as fluctuations in gemstone prices, labour costs, and currency rates. That's why it's crucial to have your jewellery regularly revalued to ensure adequate coverage in the event of a claim.
For instance, with JewelCover's specialised jewellery insurance policy, you can have peace of mind knowing that your jewellery is revalued annually by knowledgeable jewellery consultants. And the best part? It's provided at no additional cost––keeping your coverage up to date and ensuring you are adequately protected.
5. Worldwide Coverage
When insuring your precious diamond, it's essential to understand the extent of coverage while travelling––especially as you embark on an adventure-filled honeymoon. Although some insurance policies may provide limited coverage for a specific time abroad, you want worldwide coverage.
Why? Whether you're embarking on a short trip or an extended journey, it means that no matter where your honeymoon takes you, your policy provides the necessary support to recover the value of your precious gem in case of loss, theft, or damage. It allows you to wear and enjoy your diamond with peace of mind, knowing that it is protected no matter the married life adventure.
Once you've selected your comprehensive coverage, further embrace your travels without any worries about the safety and security of your cherished diamond by reading: How To Protect Your Jewellery Overseas: The Best Tips For Travellers.
6. Confidence and Trust
Confidence and trust are fundamental when buying a diamond, and they become even more crucial when filing an insurance claim. By working with a member of the JAA (Jewellers Association of Australia) or a similar internationally recognised body, you are assured that you are supported and protected throughout the process.
Having such a reputable organisation behind you ensures that your interests are safeguarded from start to finish. So, when it comes to securing the protection you need for your precious jewellery, partnering with a trusted industry association brings peace of mind and a sense of security that is invaluable.
7. Peace of Mind
One of the most significant advantages of diamond insurance is the peace of mind it offers. Knowing that your diamond jewellery is financially protected allows you to wear and enjoy them without constant worry.
Whether wearing your diamond engagement ring every day or displaying your valuable diamond necklace for special occasions, the peace of mind that insurance provides allows you to appreciate and enjoy your precious stones completely.
For most of us, a diamond is the most expensive piece of jewellery we'll ever own. As such, it can be anxiety-inducing to wear rather than enjoyable. With JewelCover's comprehensive coverage, you can wear your ring confidently, dress down the anxiety and rest assured it will be repaired or replaced if the unexpected happens.
Want to know more?
We're always happy to chat about what we do, why, and how. Get in touch with us and start the conversation. We'd love to hear from you. Call us on 1300 522 808.