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 policy designed to cover diamond rings such as; accidental damage, theft and loss. When dealing with a claim and replacing an item our policy has no excess to pay.
Assetsure Diamond Ring Insurance is underwritten at Lloyd’s of London.
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, we do have a ” settings clause”
where we would expect you to have the settings checked by a jeweller at least once every two years. In many cases, the two year period, starts from the date you buy a policy from us.
Do we have any restrictions?
Full details of our policy can be found in our 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?
Our insurance can cover more than just diamond rings. We offer flexibility across our insurance policies that can allow you insure engagement rings, wedding rings, diamond rings, sovereign rings, signet rings and more. All you need to do is let us know the details of your ring and we will be able to provide you with a ring insurance quote.
Do we have any valuation limits?
We are often approached for insurance for diamond rings of high value and will consider each case on its merits, many home insurers have a ceiling on the maximum amount they can insure but at Assetsure, you will find that we will consider valuations far an above that allowable by most home insurance companies.
Obtaining a quotation
Simply complete one of our online forms or telephone our office. We can usually provide you with a quote and cover immediately if required. We send policy documents by email as soon as cover has been provided and we allow a full 30 days for you to review them.