Shane Co Ring Insurance: How to Protect Your Purchase

Shane Co Ring Insurance: What You Need to Know

Whether you shop in person, in-store, or online from Shane Co, if you recently purchased a beautiful engagement ring or custom jewelry, you’ll want to keep it protected. After all, there’s no telling what could happen as soon as that ring is entirely in your possession. One wrong move, a simple accident, or even plain bad luck could result in your valuables becoming lost, stolen, or damaged.

But, if you have Shane Co ring insurance, you’ll be covered when the worst happens, meaning you can repair or replace your precious pieces at little or no extra cost.

Want to know more? Here’s your quick guide to buying Shane Co engagement ring insurance, including:

• Where to find ring insurance
• What ring insurance covers
• How to buy a policy
• And more!

The Engagement Ring Insurance Shane Co Rings Need

There are many wonderful things about shopping with Shane Co. The brand specializes in high-quality, finely crafted jewelry, ranging from engagement rings and wedding bands to loose diamonds and fine jewelry with colored gemstones. If you need help finding the perfect piece, you can even book a jeweler consultation to confidently make your next jewelry purchase, knowing that you’ve picked the right accessory.

Plus, when you buy a ring or other piece of jewelry from Shane Co, you’ll get a free, lifetime warranty — which is great but has limitations. It may make you wonder if you need supplemental specialty engagement ring insurance.

The answer is a resounding “yes,” and we’ll tell you why.

What Does the Shane Co Free Lifetime Warranty Cover?

Shane Co’s free lifetime warranty is certainly nothing to sneeze at. It’s a great feature that many shoppers appreciate.

The lifetime warranty covers:

• Maintenance and repair work
• Resizing
• Cleaning and polishing
• Inspections
• Lost stone replacement

However, it won’t cover your ring or other jewelry in every circumstance. It’s important to understand what is included for repair work and other warranty exclusions.

According to Shane Co’s warranty terms and conditions, the lifetime warranty will not cover:

• Repairs needed as a result of “mishandling,” which may include something as basic as hitting the gym while wearing your jewelry
• Stolen items
• Jewelry made of certain metals that can’t be reworked or resized, including stainless steel, cobalt, titanium, and tungsten
• Items that you’ve ever taken for repairs to someone other than a Shane Co jeweler

So, while the warranty is great if you need the occasional basic maintenance, such as cleaning, polishing, or resizing, it won’t be the support you need when dealing with most damage and loss.

What Does Jewelry Insurance Cover?

If you’re wondering, how does jewelry insurance differ from your Shane Co warranty? Jewelry insurance covers a much broader array of circumstances.

This means that if your jewelry is damaged in a way that your Shane Co warranty won’t cover, or if your valuables are stolen, a specialized jewelry insurance policy will have your back. You’ll be able to repair or replace your piece with an identical or similarly valued item at no added cost.

Better yet, with BriteCo, you’ll enjoy coverage worldwide, meaning you’re protected even while traveling. (Because, believe us, losing your new wedding band while on honeymoon is far more common than you might think!)

But What About Homeowners or Renters Insurance?

It’s a common question. If you have a homeowner or renters insurance policy, you might think you can simply rely on it to protect your jewelry. While you certainly can (most of these policies cover jewelry to some degree), the limitations are worth noting.

1. Homeowners and renters insurance policies provide limited payouts for jewelry-related claims. For example, many providers will only pay around $1,500–$2,000 for a jewelry-related claim, regardless of its worth.
2. Homeowners and renters insurance policies cover limited types of jewelry-related claims. For example, they may cover theft, but they’re unlikely to cover mysterious disappearance or damage related to normal wear.
3. Homeowners and renters insurance policies may only cover damage or theft in your home, leaving you unprotected if you’re wearing your jewelry while traveling.
4. Making a jewelry-related claim on your homeowners or renters insurance policy could raise your premiums in the future or cause them to non-renew over time.

These limitations are reason enough to avoid relying on homeowners or renters insurance to protect valuable jewelry pieces. Even if you only have one piece of valuable jewelry in your home, such as an engagement ring, your existing policy is likely insufficient to cover replacing that item in case of a claim.

How to Buy Specialized Jewelry Insurance

Now that you know the limitations of relying on Shane Co’s warranty or homeowners or renters insurance to protect your jewelry, it may seem more worthwhile to invest in specialized jewelry insurance.

And you may be shocked at how little it costs. BriteCo’s annual policies start at a price point equal to around 1–2% of your jewelry’s total value. That means if you paid $5,000 for an engagement ring, you’d only pay $50–$100 per year to insure it.

To get started, fill out BriteCo’s quick and simple online application. You’ll receive your quote within minutes. Then, pick from your various payment options, and that’s it — you’re covered.

If you ever need to make a claim, you’ll simply fill out another online form on the BriteCo website, and it will be processed as soon as possible so you can get your jewelry repaired or replaced with an item of equal value. You’ll pay zero deductibles, and your policy won’t increase in price just because you made a prior claim.

Ready to take the next step? Learn more about BriteCo’s comprehensive coverage and get your quote now.

Engagement Ring Insurance FAQs

Have more questions about jewelry insurance? We’ve got answers!

How Much Does Engagement Ring Insurance Typically Cost?

Engagement ring insurance usually costs about 1–2% of the total value of the ring per year. This means that if you purchased an engagement ring for $10,000, your total annual cost for insurance would be $100–$200.

Will a Jewelry Store Warranty Replace a Lost or Stolen Ring?

No, a jewelry store warranty will typically not replace a lost or stolen ring. It may, however, cover replacing lost or missing gemstones or diamonds and a limited number of damages. You need specialized jewelry insurance for full coverage that will replace or repair a ring.

Who Insures an Engagement Ring?

Typically, the person who bought the engagement ring will also insure it since the policy protects that individual’s monetary investment.

What Will Engagement Ring Insurance Not Cover?

While engagement ring insurance is pretty all-encompassing, a jewelry insurance policy will not cover a few things, primarily intentional damage to the piece.

Do You Need a Jewelry Appraisal to Buy Jewelry Insurance?

Not all insurers require a jewelry appraisal for you to purchase jewelry insurance. However, an appraisal can be handy for particularly unique or valuable pieces. BriteCo offers an appraisal service to help with this.

BriteCo Can Protect Your Shane Co 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 at little to no cost.

Get your free and quick quote now.

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