James Allen Rings: Insurance to Protect Your Purchase
If you’re shopping for jewelry online, you’ve likely come across James Allen. Founded in 2006, this web retailer offers a variety of beautiful options, whether you want to design a custom engagement ring from scratch, purchase a loose diamond, or opt for one of the brand’s beautiful ready-to-ship designs. Since 2019, James Allen has partnered with Jared to open concept stores, so perhaps you purchased your jewelry there.
Either way, once you’ve invested in your new piece of James Allen jewelry, it’s important to also invest in your emotional and financial security with James Allen ring insurance from a qualified provider like BriteCo.
Here’s everything you need to know.
What You Will Learn
Do You Really Need James Allen Ring Insurance?
We get it. You just made a pretty substantial jewelry investment. You may not think you have much more room in your budget for something like personal jewelry insurance. This is especially true if you purchased an engagement ring and are now looking ahead to all of the costs of a wedding.
However, insuring your James Allen jewelry is quick, more affordable than you might think, and absolutely worth it. Because once your jewelry is home with you, that’s where the dangers can begin.
Theft, damage, accidental loss — these are all threats that may pop up and could affect not only your jewelry but also your wallet and, let’s face it, your heart. How would you feel if that engagement ring fell down the drain? Or the dog decided to make it a chew toy? Or you realized the ring went missing after a celebratory engagement party where everyone was passing it around and oo-ing and ah-ing?
While it’s unpleasant to think that these things might happen, they do. And when they do, having a good James Allen engagement ring insurance policy can help.
Insurance Options for James Allen Jewelry
Once you decide to invest in insurance for your beautiful and timeless jewelry, you’ll have a few options to consider.
1. Homeowners Insurance
The easiest option might seem like relying on your homeowners insurance, but typically, it only covers jewelry to a degree — and the limit can be quite low. For example, many home insurance policies only payout up to $1,500 for jewelry claims. Additionally, your deductible may apply to a jewelry-related claim. According to Bankrate, that means if you have a ring worth $1,000 and you have a $1,000 deductible, your insurance company will not give you any money whatsoever for your jewelry claim.
As such, if you’re buying a pricey piece of jewelry and are hoping to rely on your existing insurance policy, you may want to ask your insurance company to provide further details regarding your existing coverage and how it applies to jewelry.
2. Renters Insurance
If you don’t own a home, there is also renters insurance, but like a homeowners policy, there are limitations. Renters insurance will also likely have a cap on how much it will payout for a jewelry claim, typically $1,000–$1,500. If your jewelry is worth more, you will need to cover the difference.
Let’s say you purchased this near-1-carat round diamond engagement ring from James Allen for $3,920. If your renters policy only pays out $1,000 for a jewelry claim, and your ring is stolen from your home, you’ll be left to pay another $2,920 to replace the ring — on top of the $3,920, you already paid for the original ring.
3. Specialized Jewelry Insurance
You also have the option of a standalone jewelry insurance policy from a provider that works exclusively in jewelry insurance. Specialized jewelry insurance extends beyond ordinary homeowners insurance and renters insurance to offer more thorough coverage related specifically to the risks you face as the owner of a fine piece of jewelry.
For example, a specialized jewelry insurance company will cover:
- The replacement of lost jewelry, both for a known loss and mysterious disappearance, so you can get a new engagement ring even if you have absolutely no clue where the last one went.
- Repairs to damaged jewelry, whether that’s a missing or cracked gemstone or bent or broken setting.
- Theft, whether it occurred at home or worldwide.
- And so many other scary scenarios!
Plus, specialized jewelry insurance costs less than you think. With BriteCo, for example, you could pay as little as $4 per month!
How Do You Get Specialized Jewelry Insurance?
For complete jewelry coverage and even worldwide coverage that extends beyond your home country, all you have to do to get started is get your free quote and sign up.
When requesting a quote from BriteCo, you just need to enter some quick information about your James Allen jewelry and get a policy snapshot within minutes. Once you have the information, you can choose your BriteCo policy and pick how you’d like to pay for it, whether you’d like to opt into a one-time annual fee or pay month-to-month.
After that, you’re covered! If you ever need to make a claim, the process is simple and can be completed online.
James Allen Jewelry Insurance FAQs
Have more questions about ring insurance? We have answers.
How Much Does Ring Insurance Cost?
Ring insurance costs are based on the value of the ring. When you buy specialty jewelry insurance from BriteCo, you could pay as little as $4 per month to insure it.
Does Ring Insurance Cover Damage?
Yes, ring insurance does cover damage, such as the loss of gemstones, cracked or broken gemstones, and bent or otherwise damaged bands and prongs.
Who Should Pay for Engagement Ring Insurance?
There are a lot of questions that come up in the wedding planning process about who pays for what components. However, when it comes to paying for engagement ring insurance, the answer is pretty simple. Whoever purchased the ring should also buy the insurance, as it’s the buyer’s investment that needs to be protected.
When Should You Buy Engagement Ring Insurance?
You should purchase engagement ring insurance as soon as you purchase the jewelry itself, as you never know what kind of trouble can pop up when you leave the jewelry store! However, even if it’s been several years since you purchased a piece of jewelry, you can still insure it. It’s never too late to do so.
What Will Ring Insurance Not Cover?
Most comprehensive policies, like the ones that BriteCo offers, will cover just about anything that could damage your ring or cause you to lose your ring. However, it won’t cover intentional damage.
BriteCo Jewelry Insurance Protects All Your Jewelry
Whether you’ve just purchased an engagement ring from James Allen or are looking for another special piece, BriteCo will cover you from theft, loss, and damage. A BriteCo policy ensures that your financial and sentimental investment is always protected.
Learn more about our comprehensive jewelry insurance coverage and get your quote now.
Also Check:
What To Expect With Ring Appraisals
How Does Watch Insurance Work?
Helzberg Ring Insurance: Why You Need It
Diamonds Direct Ring Insurance
Rare Carat Ring Insurance
Ritani Engagement Ring Insurance
JCPenney Ring Insurance
Pandora Ring Insurance
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