Engagement ring insurance

stargirl.gra

Hi, I recently got engaged and was wondering how i go about insuring my ring? any advice would be greatly appreciated.

muletide

Congratulations,

The best thing is to add it to your House Insurance - Should work out at about an extra €30 - €50 a year on your policy - depending on your insurer

stargirl.gra

at the moment we're renting so should we just say it to our landlord?

Invincible

stargirl.gra wrote: »

Hi, I recently got engaged and was wondering how i go about insuring my ring? any advice would be greatly appreciated.

Is it you're engagement ring,you need to insure?
If so,bring the receipt to a broker and ask them to insure it against loss,damage and theft.

stargirl.gra

Yeah my engagement ring it's just that like i said we're renting an although most people do say you can do it with your house insurance, because we're renting i was wondering whats the next most common option.

muletide

Sorry, didnt realise you dont have the house insurance option.

Have a look at this discussion - it might give you some ideas

http://www.askaboutmoney.com/showthread.php?p=411994

Invincible

You should be able to insure it,without linking it to your home insurance,or you could get "contents only" cover from Eagle star or Royal & Sun Alliance,suitable when you don't own the property.

stargirl.gra

yeah thanks I think the easiest option would be to try an not link it to house insurance it seems more complicated. Il get onto some insurance companies an check it out.

Das Kitty

Mine's on our contents insurance of our rented flat.

Countryripple

I was looking into this before and have had no luck yet. Similar situation as yourself re house insurance. Someone suggested Hibernian and FBD to me. Got in touch with both and they said they didnt do it. Let me know if you have any joy!!

Roisinbunny

stargirl.gra wrote: »

at the moment we're renting so should we just say it to our landlord?

Hey - its kind of straight forward enough. We've had insurance on our stuff for a few years..

If you're renting like us, you can take out contents cover on your rented place - minimum is usually around €20k/€25k and you can take out "All Risks" type cover for items of jewellery i.e your ring but also things like your mobile, laptop, digital camera etc etc (stuff you might take with you out of the house/away on hols with you)... This cover should also cover you for "loss or damage" i.e you lose a stone out of the ring and it has to be replaced. Or as I have heard happen, you might simpy "lose" the ring!

There's no point talking to the landlord - he has only his own interest insured i.e the building and landlord fixtures and fittings (i.e beds, tables and other basics etc). But I'd imagine if anything happened in the event of a fire for example, his stuff is covered - the tenants isn't. That's why you need to get contents sorted too.

I know the total cost of all my CD's, books, clothes, our own furniture, kitchen stuff etc that we're collecting for our own house some day, would be far more than the cost of the engagement ring so just bear that in mind and look into getting some contents cover too for ye...

itzacharlie

I'm also trying to get my ring insured, but have the added hassle of being in the middle of moving across the country, and can't get house contents insurance until we've found a place to move into (I'm crashing at a friend's place for a couple of weeks in the meantime). I need to get it insured before I can send it away to be resized, and can't get it insured on my mum's house insurance because I'm not living there.

I've called the Irish Broker's Association who gave me a number for a broker in Swords who, while not having promised me they can insure it separately, have at least taken my details including ring description and said they'd come back to me with a quote.

I can't believe how hard it is to get a quote for insuring it though. If you don't have house contents cover, they just won't speak to you.

sweetie

insurance companies don't insure the contents of the rented accomodation. It is up to the renter to do that

itzacharlie

Got a decent quote from a broker for a home contents policy which will cover my ring while it's in transit for resizing. I can take it out now and transfer it easily enough when I move in a couple of weeks, which is handy.

Roisinbunny

sweetie wrote: »

insurance companies don't insure the contents of the rented accomodation. It is up to the renter to do that

As I said in my post above, the tenant is liable for the insurance of their own personal property, not the landlord. He is merely liable for his own fixtures and fittings. And yes insurance companies, such as the one I work for, do insure contents for tenants.

Fey!

Countryripple wrote: »

I was looking into this before and have had no luck yet. Similar situation as yourself re house insurance. Someone suggested Hibernian and FBD to me. Got in touch with both and they said they didnt do it. Let me know if you have any joy!!

FBD DEFINITELY do it. Having talked to one of the people in their Galway office, her advice was to ask to be put thtough to a branch office instead of the call centre; sometimes the people in the call centres don't know of all of the policies.

The number we use is 091-778070. You need to ask about an "All Risks" policy. You can also use this for computers, camera equipment, and other valuables.

WRT adding to your house policy, ensure that the goods are still covered all risks. If they aren't and you lose the ring on a night out or holiday, you may not be covered. With all risks, you should be covered. Get this clarified by the insurance company or broker, preferably in writing.

Hope this helpsd.

harpsman

Hi.
I live in appartment which I own.
The insurance is part of my service charge.
Does anyone know how that would work,re adding ring to ins?

lollpop

harpsman wrote: »

Hi.
I live in appartment which I own.
The insurance is part of my service charge.
Does anyone know how that would work,re adding ring to ins?

Check with your management company but usually the insurance that is included as part of your service charge is block insurance. It basically covers the building. It does not usually cover anything within your apartment (furniture, fixtures, belongings etc). You have to insure them separately yourself with a contents insurance policy.

harpsman

That makes sense. Thanks