Should I Insure a $3,000 Ring?

Yes, insuring a $3,000 diamond ring is worthwhile, because standard household contents policies rarely cover full replacement value for loss, theft or accidental damage. Every BAUNAT ring is supplied with a GIA, HRD or IGI certificate stating the diamond's carat weight, colour and clarity, plus a detailed purchase invoice. Insurers use these documents to set your premium and agree a replacement value, so no separate appraisal is needed. Note that BAUNAT does not provide valuations or appraisals for insurance, but your certificate and invoice contain everything a specialist jewellery insurer requires. Cover typically costs 1 to 2 percent of the insured value per year. Keep your certificate and invoice safe, and note that if you ever return the ring to our Antwerp headquarters for repair, it must travel fully insured. Contact a specialist jewellery insurer with your BAUNAT certificate to arrange a policy that reflects current market value.

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