Jared: Ring Insurance Provides Ultimate Protection
It seems like every mid-size city in the United States has at least one Jared Galleria jewelry store. The brand, owned by the same company that operates Kay Jewelers and Zales, has become synonymous with competitively priced engagement rings. It’s so well-known that if you simply say, “He went to Jared,” most people will remember the line from the brand’s commercials.
So, if you’re among the many individuals who’ve purchased a ring from Jared Jewelers, whether that’s an engagement ring or wedding ring, it’s important that you protect your jewelry investment for the long haul. That diamond ring is more than just a piece of jewelry. It’s a symbol of your love, commitment, and the magic of your relationship — and that’s worth protecting from unfortunate incidents such as loss, theft, and damage.
What You Will Learn
Why You Need a Jared Jewelry Insurance Policy
It’s easy to assume that Jared engagement ring insurance is just a convenient upsell or add-on that you don’t really need when buying an engagement ring. However, more and more shoppers are realizing the value of jewelry insurance, whether you purchased that diamond engagement ring at Jared, from a local jeweler, or anywhere else.
While you might like to imagine that nothing bad could ever happen to a precious piece of jewelry after you bring it home from the store — you know you’ll take such good care of it, after all — there are a lot of potential dangers that are far out of your control.
For Example …
Life is unpredictable, but with jewelry insurance, you can feel comfortable knowing that, no matter what happens, you can replace or repair the pieces that mean so much to you and your loved one.
Insurance Options for Your Jared Ring
There’s no need to immediately purchase engagement ring insurance. Jared may not even have this option to buy at the store. But rest assured, you have multiple options to insure your jewelry after you buy it.
Homeowners Insurance
If you already have homeowners insurance, you likely have a small amount of coverage for your jewelry. However, when we say “a small amount,” we mean it.
Many basic homeowners insurance policies will only pay out $1,500 for a jewelry claim. That means if you purchased a ring that costs more than $1,500, you’ll be left to cover the rest of the cost to repair or replace it.
So, if you purchased this lab-created 4.5-carat diamond ring from Jared for $7,600, your insurance may only give you $1,500 for a claim, and you’d be out $6,100.
Renters Insurance
Renters insurance policies are very similar. They can refund you some money if you suffer a natural disaster or theft and your personal belongings are damaged or stolen. However, there are many caveats, and, again, the insurance company will only pay you so much. Additionally, renters insurance doesn’t cover certain risks, such as jewelry damage.
Specialized Jewelry Insurance
Lastly, there’s something called specialized jewelry insurance. These policies are designed specifically to cover jewelry in the instance of damage, loss, mysterious disappearance, and/or theft. They will do so for the jewelry’s full amount, allowing you to replace or repair your jewelry with no added costs.
You can buy jewelry insurance from a range of providers, but two of the most popular options are BriteCo and Jeweler’s Mutual.
BriteCo’s coverage isn’t limited to just a few thousand dollars, like homeowners or renters insurance. Instead, BriteCo offers up to 125% of your jewelry’s appraisal value. Furthermore, we provide worldwide coverage, free additional insurance at a different address, discounts for annual payments, and zero deductibles. We’ll even cover your preventative maintenance.
How Do You Get Specialized Jewelry Insurance?
Insuring your Jared ring and any other jewelry is easy, and it starts with getting a jewelry insurance quote from BriteCo.
Provide us with some quick information about the piece (or pieces) you want to insure, and you’ll receive an initial quote in minutes. Then, you can pick your policy and make your first payment accordingly, whether you’d like to pay a monthly fee or an entire year of coverage upfront.
From there, you’ll be covered. If you ever need to make a claim, you’ll find that the process is equally easy and can be done entirely online in minutes.
Jared Jewelry Insurance FAQs
What Does Engagement Ring Insurance Cover?
It depends on your particular policy and insurance provider. If you have jewelry coverage through your homeowners insurance policy, for example, you may not have any coverage for jewelry loss, and your coverage may be more limited to incidents that are completely out of your control, like theft or natural disaster. However, if you have a BriteCo policy, you’ll be covered in the event of loss and mysterious disappearance, so you can get your ring replaced even if you have no idea where it went or what happened to it.
What Paperwork Will You Need to Get a Jewelry Insurance Policy?
It’s helpful to have a very accurate description of the ring and its value, including an official appraisal, GIA certificate, and similar documents.
What Will My Jared Warranty Cover?
Jared offers a complimentary lifetime diamond and gemstone guarantee that applies to most jewelry purchases, including a diamond, emerald, ruby, or sapphire. This guarantee covers just these gemstones, though, replacing them if needed. You’ll need to buy further coverage — like specialty jewelry insurance — if you’d like any other damage repaired for free.
How Much Is Jewelry Insurance?
Most jewelry insurance policies cost about 1–2% of your jewelry’s value per year.
BriteCo Can Protect Your Jared Rings & Other Jewelry
BriteCo offers comprehensive specialty jewelry insurance that will keep your favorite pieces covered in the event of loss, mysterious disappearance, damage, theft, natural disaster, and more. If anything goes wrong with your jewelry, we have your back and will help you repair or replace the jewelry with little to no cost for you.
Get your free and quick quote now.
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