Diamonds Direct Rings: Insurance Offers the Ultimate Protection
Whether you’re browsing the selection at Diamonds Direct online or planning to visit one of the brand’s 30-plus jewelry store locations scattered around the United States, you’re sure to find a variety of beautiful diamond pieces, from engagement rings to everyday fashion jewelry.
Whatever piece you purchase, there’s one essential item you should definitely buy after the final sale: jewelry insurance.
Here’s everything you need to know about Diamonds Direct ring insurance from a quality provider like Briteco, how it can protect your favorite pieces, and why it’s a must for any Diamonds Direct purchase.
What You Will Learn
The Diamonds Direct Difference
There are many reasons to purchase fine jewelry from Diamonds Direct. The brand offers a range of extra perks and services that go far beyond the original purchase.
For example, when you shop with Diamonds Direct, you’ll enjoy:
- A lifetime warranty that covers cleaning, tightening, and replacement for any loss of diamonds(with a few caveats)
- A lifetime upgrade offer, so you can continually trade your jewelry in for more modern or larger pieces and only pay the difference in cost
- Free cleaning and maintenance
- Repair services for both jewelry and watches
- Free delivery to your chosen shipping address for online purchases
- Custom design services in case you want to create a custom piece
However, while all these extra perks are amazing, there’s one thing that Diamonds Direct doesn’t directly offer to its shoppers: insurance coverage. You might think, since Diamonds Direct offers such a great warranty plus repair services, why do you even need to get your jewelry insured?
The answer is yes. Here’s why. For one, the lifetime warranty offered by the company only covers cleaning, tightening, and the replacement of diamonds if the stones are accent diamonds and/or are lost for some reason other than damage. Yet, in most cases, jewelry owners lose an accent diamond due to ring damage, leaving any center stones and mounted diamonds vulnerable and unprotected by the warranty.
As such, even Diamonds Direct encourages customers to purchase additional jewelry insurance like BriteCo offers, even with the brand’s warranty.
Diamonds Direct Engagement Ring Insurance Options
If you decide to insure your Diamonds Direct ring or other jewelry item, you have a few options, including homeowners and renters insurance and specialty jewelry insurance — but some are better than others.
Homeowners Insurance
Homeowners insurance may cover your jewelry to a small degree. If your jewelry is stolen or damaged in an incident that your homeowners insurance would normally cover (like a flood or fire), then the insurance company may give you a small amount of money to put toward replacing that jewelry with a piece that’s similar or the same quality.
However, the amount the insurance provider gives you will have limits. Some homeowners policies only pay a few thousand dollars for jewelry replacement, while others may pay as little as just $500. That means, if you purchased a spectacular piece from Diamonds Direct, like this $105,800 5.41-carat emerald cut solitaire diamond engagement ring, and it’s stolen or damaged in a natural disaster, your homeowners insurance will only give you a tiny fraction of its value. If you want to replace the ring, you’ll be largely paying out of pocket.
Renters Insurance
Renters insurance is pretty much the same as homeowners insurance when it comes to how much a provider will pay in the case of a jewelry theft or loss. While your policy may come with some minimal coverage for jewelry, it likely will not provide enough coverage for you to be able to replace or fully repair your valuables.
Additionally, it’s worth noting that most renters and homeowners insurance policies do not cover damage to jewelry that might occur during normal wear. If you happen to bump your hand hard against a countertop and crack a stone, your policy will likely not assist you in replacing that stone.
Specialized Jewelry Insurance
Specialized jewelry insurance, on the other hand — like what you might purchase from BriteCo or Jewelers Mutual — covers a range of situations and incidents that could pose a risk to your jewelry, such as:
It’s all covered. And, if your ring or any other piece of jewelry is damaged or somehow removed from your possession, specialized insurance from a company like BriteCo will help you repair or replace the jewelry with a piece of equal value.
How Do You Buy Specialized Jewelry Insurance?
Purchasing specialized jewelry insurance from BriteCo is extra easy and extra fast.
To get started, go to BriteCo’s quote page and enter some simple information about the pieces you’d like to insure. Then, we’ll email you a quote within minutes.
Typically, the quote will represent a fee of 1–2% of your jewelry’s total value per year. So, if your engagement ring is worth $10,000, you’d likely receive a quote of $100 — and, yes, that’s per year, not per month. You could get an entire year’s coverage for a mere $100!
Then, whenever you need to file a claim, the process is equally simple and can be finished online in minutes.
Diamonds Direct and Specialty Jewelry Insurance FAQs
What Is the Ring Shopping Process Like at Diamonds Direct?
At Diamonds Direct, you can choose from both loose and mounted diamonds. If you buy a loose diamond, you can work with the team to craft a custom engagement ring with your desired setting. If you buy a mounted diamond, you’ll have hundreds of beautiful designs to choose from. In all cases, you’ll receive one-on-one help and attention throughout the entire diamond process.
If a ring is given as a gift and the gift is returned, Diamonds Direct will also provide a merchandise credit. Monetary returns are only issued to direct customers, not gift recipients.
Is Buying Jewelry Insurance Worth It?
Absolutely! Jewelry insurance is very affordable and provides a ton of value, allowing you to get priceless pieces repaired or replaced when the worst of the worst occurs.
What Will Jewelry Insurance Not Cover?
BriteCo’s policies cover just about anything that could happen to your jewelry. However, the one thing that most policies will not cover is, of course, intentional damage.
Do You Need an Appraisal to Get Jewelry Insurance?
Yes, you should have an appraisal done before you secure jewelry insurance. BriteCo offers appraisal services to help make this part of the process as easy as possible.
BriteCo Can Protect Your Diamond Direct Rings & More
BriteCo provides comprehensive coverage that ensures you can replace or repair your valuables if they are lost, damaged, or stolen. The entire process, from getting an insurance quote to filing any necessary claims, can be handled online and within minutes, making jewelry insurance coverage one less thing you need to worry about when making a substantial investment or shopping for an important piece like an engagement ring.
Get your free and quick quote from BriteCo now.
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