After hours upon painstaking hours of shopping for diamond rings in Baltimore, MD you finally select the perfect ring. Your next order of business? Protect your investment against theft or disappearance by taking out an insurance policy on your ring. The average diamond engagement ring costs more than $6,000, and most individuals who have lost an expensive piece of jewelry unfortunately did not insure their piece. Furthermore, many individuals have reported failing to update their insurance policies to include new diamond rings in Baltimore, MD.
Many individuals who purchase diamond rings and other fine jewelry are under the impression that their homeowners or renters insurance policies cover jewelry. Generally, this is true; however, most insurance policies for homeowners or renters will only cover up to $1,500. That's it. Regardless of the value of your diamond rings, you will only be reimbursed for $1,000-1,500 for your jewelry under most homeowners' insurance policies. Over half of all reported jewelry losses involve partial losses, such as a chipped stone or a lost stone. In many cases, the insurance company will not cover such losses. Since most diamond rings in Baltimore, MD cost a great deal more than $1,500, it is wise to ensure that your diamond ring or other expensive jewelry that you possess is fully covered by insurance.
To save yourself or the object of your affection from headache later on down the road, individuals are encouraged to obtain an appraisal of their diamond rings at the time of purchase. Additionally, it is wise to set up inspections and valuations of your jewelry routinely to protect your purchase. Such procedures will keep your jewelry in top shape and protect against losses from stones coming loose in settings. Jewelry values can fluctuate over time, so it is important to obtain routine appraisals and inspections in order to ensure that you possess adequate insurance coverage on your pieces.
If you are in the market for fine jewelry, such as diamond rings, consider purchasing an insurance policy to go along with that piece of jewelry. This will provide peace of mind and security later on down the road. A jewelry insurance policy on diamond rings in Baltimore, MD is well worth the cost. It will ensure that your jewelry is repaired or replaced if lost or stolen with jewelry of the same caliber from a jeweler of your own choosing.
Diamond Rings Baltimore, MD - Fino Jewelers is a premier seller of fine, custom made diamond rings in Baltimore, MD. Established in 1987 by Vito Fino, Fino Jewelers is a family-owned and operated leader in custom design and jewelry repair. Visit Fino Jewelers at 9650 Belair Road Nottingham, MD 21236, call us at 410-256-9555 or visit our website.
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