For the most part, when guys buy diamond engagement rings they purchase a 0.9 carat diamond. This diamond is high quality, real, and quite expensive for their salary. This gives them the option to spend more money on other specific diamond qualities such as the quality of the cut and color grade. It also lets them choose a diamond with a higher clarity rating to make sure it really sparkles and shines.
Simply speaking, a diamond of this caliber typically costs between $6000-$6500 and more in certain cases. And we aren’t even talking about the setting of the ring that the diamond will end up in. We are strictly talking about the price of the diamond itself.
Clearly, by this explanation alone you can tell that diamond engagement rings are certainly on the pricier side in many cases. And $6000 for a diamond is definitely on the cheaper end of the spectrum because these rings often cost much more.
Even worse, lots of men do not have an additional $6000 or more lying around and more often than not they need to take out a personal loan to purchase the diamond ring. So when you add everything up including the interest payments on the loan, a diamond of this caliber will typically cost much more than $6000 over the long run. If the diamond were ever to get lost or stolen it would not be easily replaceable to say the least.
As an alternative, if the owner of the diamond had insurance, they’d be able to put in a claim saying that they lost the ring or that the ring was stolen and the insurance policy would cover the costs. In fact, there are many insurance policies of this type specifically created for jewelry owners. This insurance is usually much more affordable than completely replacing the diamond ring if it were ever to get lost or stolen.
Lavalier Insurance: Worldwide Jewelry Insurance
For the most part, providers of jewelry insurance tend to come from the United States. If you were to search the bulk of these companies, you’ll notice that their coverage is typically national coverage only, meaning the jewelry is only insured in the USA. So if you want this insurance but do not live in the US, you won’t be able to get covered by this service from many insurance providers.
On the other hand, if you happen to have US national insurance coverage for your diamond ring but happen to be traveling outside of the United States, your diamond ring is not going to be covered if you were to lose it or someone steals it from you. This is true in the wide majority of cases. So you might not be able to replace your diamond ring if it gets lost while traveling outside of the United States.
Lavalier Insurance does things quite differently. Their insurance policies are active worldwide, so you’ll be covered no matter where you happen to be anywhere in the world. They do not limit their coverage whatsoever to the US or other popular first world locations.
As far as insurance benefits go, their worldwide coverage is definitely a huge reason why so many clients choose this company over many of the insurance providers in the United States. They ensure diamond engagement rings and other precious types of jewelry as well.
Another benefit is there competitive insurance rates. It’s possible you’ll pay as little as 1% of the value of the insured jewelry. Lots of other insurance companies ask for a much bigger percentage and it gets quite expensive.
Final Thoughts
Losing an expensive diamond engagement ring often means losing a $6000 investment or more. Typically, most people do not have insurance covering the costs of their valuable diamond engagement rings. Lavalier Insurance provides affordable worldwide insurance policies that cover your jewelry if it’s lost, stolen, and in other potential scenarios as well.
