November 18, 2014
Is My Diamond Engagement Ring Underinsured?
The Answer is Most Likely Yes
When was the last time you had your engagement ring appraised? It’s probably been a while, which means that it’s most likely underinsured!
Take a look at these two charts:
- In Chart 1, you can see a 50 year historical price of an average one carat D Loupe clean wholesale diamond
- In Chart 2, you will see Pricescope’s Diamond Price Chart by percent change, broken down by carat range
![Is your Ring Under Insured?](http://marindep.wpengine.com/wp-content/uploads/2014/11/kaboompics.com_Close-upComputerRing-300x200.jpg)
Is your Ring Under Insured?
Doesn’t it make sense to sit down with an insurance agent and consider:
- Adding it to your homeowners policy, via an endorsement?
- Getting a policy on the ring itself?
- Having it reappraised and upping the coverage?
Marindependent Insurance Services LLC – 0K10734