Diamond Ring warranty?

[dsreid]

Just wondering if anyone has any insight into purchasing the ring "warranty" that jewelers offer. I don't remember the exact details, however the jeweler is Greenberg's. It costs around 170..(all purchases come with the standard warranty). I believe most jewelers offer something similar.

And another question, would you get a separate policy on a 5000$ ring? Or would you place it under your general property insurance?

Any help is appreciated!

 

[cowgirl836]

Not sure I'm reading right - so you're getting a standard warranty and they are offering additional protection for $170?

Get the ring appraised independently and use that to get a rider for your insurance. It should be less than $100 a year.

 

[1100011CS]

Diamonds last forever. Duh.

 

[Cyclonepride]

Most warranties are built for their profit. As far as insurance, we added it on to our homeowner's insurance.

 

[stevefrench]

extended warranties are almost always not worth it.

 

[isuno1fan]

Wife has a ring valued at $11,000. Got an inland marine insurance policy for it that costs all of $100/yr.

I'd get a separate policy and screw the so called warranty.

 

[CYdTracked]

If you are buying something from a jeweler you shouldn't need a warranty on it else you aren't buying very good quality. You do need to put it on your home or renters insurance though in case it is lost or stolen.

 

[ISUAgronomist]

Add to homeowners/renters insurance policy if you're worried about it. Don't pay for a warranty they're just a scam to pull extra money from you upfront.

 

[simply1]

Reading it, it looks like you have to make sure to go there every 6 months for cleaning and inspection as well.

Greenberg's Jewelers ~ Warranty Information

 

[CYlent Bob]

Is the warranty on the ring, or the marriage?

Because $170 is a drop in the bucket compared to what it would cost you out of pocket.........or so I hear.

 

[simply1]

You do get free ring cleanings.

 

[JP4CY]

Wife has a ring valued at $11,000. Got an inland marine insurance policy for it that costs all of $100/yr.

I'd get a separate policy and screw the so called warranty.

Wife and I did the exact same thing, for the exact same cost from State Farm.

 

[ianoconnor]

Jewelry Insurance - Jewelry Protection & Replacement - Perfect Circle Insurance