Brilliant Earth Rings: Insurance for Your Collection
Brilliant Earth offers sustainable, ethical, and beautiful diamond rings. Founded in 2005, the relatively new, primarily online retailer is becoming an increasingly popular option for those shopping for engagement rings, wedding rings, and other jewelry pieces.
If you’ve recently purchased a Brilliant Earth ring, it’s important to understand that it’s more than a symbol of your love or a sentimental piece of fine jewelry. Your new ring is a financial asset worth a substantial amount of monetary and emotional value. As such, if the ring is lost, damaged, or stolen, you could find yourself not only devastated but potentially even unable to replace the ring outright — that is, unless you have jewelry insurance coverage.
Here’s everything you need to know about securing Brilliant Earth ring insurance from qualified providers like BriteCo and your options for more jewelry protection plans.
What You Will Learn
What Makes a Brilliant Earth Ring Special
When you pick up a random loose gem at your local jeweler showroom, there’s no telling where that gemstone originated. Unless they’re meticulously tracked, diamonds and other gemstones may have been sourced from any corner of the globe. Even if the stone is tracked, its origins could still be less than desirable. We’ve all heard of a “blood diamond,” after all.
This is where Brilliant Earth comes in as a disruptor in the jewelry industry. Co-founder Beth Gerstein was personally looking for an ethical, sustainable, traceable diamond engagement ring from a jeweler. When she had trouble finding one, it gave her an idea and she eventually partnered with Eric Grossberg to form Brilliant Earth.
The company traces all its metals and gemstones and then makes the origin information readily available to shoppers. Where possible, the brand also uses sustainable, recycled materials. Every part of a Brilliant Earth ring is ethically crafted, meaning it’s jewelry you can honestly feel good about.
As such, when you purchase a Brilliant Earth ring, you’re not just buying a gorgeous piece of jewelry that gives you emotional value. It’s also a piece of jewelry that has resulted in a positive move forward for the planet.
So, if you accidentally lose your Brilliant Earth ring, or it’s stolen or damaged, you don’t want to be forced to buy a sub-standard ring to take its place due to cost. Instead, having a protection plan through qualified jewelry insurance can cover your precious piece and ensure it can be replaced in most instances.
Insurance Options for Your Brilliant Earth Ring
There are a few coverage options that you may want to consider for ring insurance. Brilliant Earth rings can be covered by homeowners insurance, renters insurance, or specialized jewelry insurance.
1. Homeowners Insurance
If you own your home and have homeowners insurance, you may assume that your existing policy will protect against any damage, loss, or theft that could impact your fine jewelry. However, you might want to check the fine print of the agreement. Some homeowners insurance policies limit jewelry coverage — they may only offer you a certain amount should you make a claim, which may be well below your jewelry’s actual value.
For example, some policies only offer approximately $1,500 for any jewelry claim. While this may be enough to cover some of Brilliant Earth’s most popular diamond rings, it’s not enough to pay for a replacement of every Brilliant Earth ring, such as the $2,750 Secret Garden Diamond Ring or this $4,090 secret halo diamond ring. If this is the case for your homeowners policy, you’ll be stuck paying the difference if you need to replace your ring.
2. Renters Insurance
Likewise, you may expect your renters policy to cover your ring in the event of theft, accidental damage, or loss. Like homeowners insurance, renters policies usually have limits and may not cover certain claims. For example, some may not cover damage if you cause it. In this instance, you would need to pay for any necessary repair out of pocket.
3. Specialized Jewelry Insurance
In contrast, specialized jewelry insurance policies like those from BriteCo are explicitly designed for your jewelry collection, providing a comprehensive level of coverage that most other insurance companies could never even dream of offering.
- Drop your engagement ring down the drain, and it’s gone for good? Specialized jewelry insurance has you covered.
- Did one of your gemstones fall out for seemingly no reason during normal wear? Specialized jewelry insurance will help you get the piece repaired.
- Lose your wedding ring while on your honeymoon?Specialized jewelry insurance often provides worldwide coverage.
- Ring lost in a natural disaster like a flood, earthquake, or fire?Again, you’re covered if you have specialized jewelry insurance.
In other words, if you want your beautiful Brilliant Earth ring to stay beautiful, and you want to ensure you can wear the same ring throughout your entire life, your best bet is to invest in specialty jewelry insurance for total peace of mind.
How to Get Specialized Jewelry Insurance
Luckily, getting a specialized jewelry insurance policy with companies like BriteCo is pretty easy.
All you need to do is use our online platform. Enter some information about your particular ring and submit some appraisal information, and you’ll receive a quote in minutes.
Once you choose your policy based on the quotes provided, you can choose how you’d like to submit payment. You can pay for your insurance monthly or annually.
That’s it — you’re covered! You’ll receive an email confirmation and all the necessary paperwork regarding covered risks specific to your plan. Moving forward, if you need to make a claim, you can file it online using another process that takes minimal time. After your claim is processed, you’ll be able to get your ring repaired or replaced.
Brilliant Earth Engagement Ring Insurance FAQs
What Other Additional Services Does Briteco Offer?
Beyond helping you obtain peace of mind for your Brilliant Earth engagement ring, BriteCo also offers specialized insurance for a range of fine jewelry, luxury watches, and even weddings. We also provide appraisals.
Who Has to Cover the Cost of a Lost Engagement Ring?
Even if you lose your recently purchased engagement ring in the parking lot while walking out of the jewelry store, you’ll still have to cover the cost of repairing or replacing the ring. Once customers walk out of the store with the item, it’s their responsibility.
What Is an Example of What Jewelry Insurance Covers?
Most specialized jewelry insurance will cover your jewelry if it’s subject to damage, loss, or theft.
Are Brilliant Earth Rings High-Quality?
Yes! Brilliant Earth offers real diamond rings featuring stones and other sustainably and ethically sourced materials.
If a Person Wants Engagement Ring Insurance, How Do They Get It?
All you have to do to start is get a quick BriteCo quote!
BriteCo Jewelry Insurance Coverage Is the Ultimate Protection
Whether you purchased your latest piece of jewelry from Brilliant Earth or any other online or in-person jewelry retailer, BriteCo’s policies will cover you even in the worst of circumstances, anywhere in the world. So, you can enjoy greater peace of mind when you wear your ring with this budget-friendly investment. Learn more and get your online quote in just one minute!
Related Articles:
James Allen Ring Insurance Protects Your Valuables
Helzberg Ring Insurance: Why You Need It
Diamonds Direct Ring Insurance
Rare Carat Ring Insurance
Ritani Engagement Ring Insurance
Zales Engagement Ring Insurance
Jared Ring Insurance Protects Your Precious Pieces
Pandora Ring Insurance
Quiz:
The Engagement Ring Calculator You’ve Been Searching For and it’s FREE!
UP NEXT: How to Insure Jewelry: A Step-by-Step Guide
Author
