Diamond Ring Insurance
We provide diamond ring insurance as a standalone insurance policy, we are happy to insure single items or collections of diamond rings. We realise that often it is not possible to obtain diamond ring insurance under a home insurance policy, especially if the value is high. Our specialist diamond ring insurance policy provides an alternative for you offering wide cover on a worldwide basis for your most valuable items.
What type of diamond rings do we cover?
Our Assetsure policy is especially designed to cover the items you value the most. We have arranged a policy that offers wide insurance cover, with few restrictions or conditions, essential for diamond rings which are often worn continually.
Our policy is arranged on a world-wide all-risks basis, which is basically the widest form of personal possession cover you can obtain. It includes all the covers you would expect to find under a specialist policy designed to cover diamond rings such as; accidental damage, theft and loss. When dealing with a claim and replacing an item the policy has no excess to pay.
Why consider specialist diamond ring insurance?
Specialist diamond ring insurance gives you the opportunity to insure your most valuable rings without attaching it to any other insurance, usually this is your home insurance.
One advantage of separate diamond ring insurance is that it can help protect your home insurance no claims bonus. If you do need to make a claim for loss or damage to your diamond ring, and it is insured under your home policy, you may find you lose your no claims bonus.
Specialist diamond ring insurance ensures your specific item has a wide range of cover if anything were to happen such as; accidental loss, accidental damage, theft, loss of stone. You’ll usually also be given worldwide insurance cover.
Is loss of the stone covered?
Yes, if you lose or damage the stone or stones in your diamond ring, your policy will cover you. On some high valued rings, there is a ” settings clause” which states that every couple of years, you will need to have the settings checked by a jeweller. In some cases, it is possible to have a settings check online, please contact our office if you require information about this service.
In many cases, the two year period, starts from the date you buy a policy from us.
Are there any restrictions?
Full details of the policy we can provide can be found in the Insurance Policy Information Document (IPID) and policy documents which are available on our website and on request and at the time before you buy a policy.
For certain high value items, we will inform you if there are any special conditions such as having the settings checked by a jeweller at biannual periods.
Your policy schedule will advise you if there are any special conditions beyond those contained in the policy document.
Do you insure more than just diamond rings?
We can obtain insurance for more than just diamond rings. Policies are flexible in that they can allow you to add engagement rings, wedding rings, diamond rings, sovereign rings, signet rings and all other types of jewellery.
Are there any valuation limits?
We are often approached for insurance for diamond rings of high value and insurers will consider each case on its merits. Quotations can normally be obtained within twenty four hours.
Obtaining a quotation
Simply complete one of the online forms or telephone our office. Many cases, can be quoted online. We can usually provide you with a quote and cover immediately if required. We send policy documents by email as soon as insurance cover has been provided and there are a full 30 days allowed for you to review the policy and apply for a refund if you find the cover is not to your requirements.