Ring protection plan

Maybe I should be more specific. My experience with any protection plan has been that the company will find any way possible to not honor their end of the deal. If Zales will actually do repairs, dips, etc as needed as long as I keep up my inspections- I totally think it is worth it. But I’m very accustomed to the company weaseling their way out of doing what the plan promised.

As someone who just lost their ring yesterday. I highly suggest taking insurance out on it. I didn't have it on mine and now my Fiance must buy me a whole new ring. It's worth it. The quote I got from Jewlers Mutual was only $30 a year for a ring worth $2500. It more than pays for itself if anything were to happen and there's no deductible.

I had my ring insured through State Farm, it covers loss, theft, and damage at no deductible for around $100 a year.

Cost depends on type of coverage and how much your ring is worth.

The protection plan will protect if it gets damaged but insurance will protect it if it gets lost or stolen. I highly recommend getting insurance! The first week I had my ring when it was uninsured, I was so beyond anxious that something was going to happen to it lol. Now that it’s insured I feel like I can just enjoy wearing it without stressing about it. I’d look into getting a better rate... we pay $18 per month in insurance and that covers my engagement ring (valued at $4k), plus my $450 wedding band, plus my husband’s $850 wedding band, PLUS our renter’s insurance.

We pay $25/year on a policy for my e-ring, my band, and his band. Loss, theft, damage, missing stones, etc is all covered with no deductible. Basically the only thing not covered is normal wear and tear.

Thanks for the input! Based on this, I’ve already filed for insurance though J Mutual. Still wondering if the Zales protection plan is worth it.

We have StateFarm insurance, and it was incredibly less compared to JM. It even covers the same as JM in regards to theft, mysterious disappearance, prongs replacement, diamond replacement, etc. JM was going to charge me $400/month while SF is charging $200/month.

View Quoted Comment What company did you sign up with?

View Quoted Comment I signed up with Jeweler’s Mutual.

View Quoted Comment This is what I have as well. $30 a year to cover the appraisal value of my engagement ring.

View Quoted Comment Yep. Mine was $25. So definitely reasonable.

I got one for Kay's for $150

View Quoted Comment A protection plan? Have you had to use it? I’m just wondering how hard it is to get the jeweler to honor the repairs, etc.

I would be skeptical with a store protection plan. . .they usually have very strict rules and if you miss one check on their schedule the plan could be voided. I would stick with your home owners or renters insurance policy. Really shouldn't be much more to cover your jewelry

I will say, I've been impressed with Zales so far. We had my ring resized for free, and it was redipped without any hassle. Honestly, I'm sure it depends on the store with how much work you'll have to put into getting them to honor things. Ours has gone above and beyond, even promising another resizing with my band.

The protection plan that we bought for my ring from Zales covers if a diamond falls out of my ring and resizing, as well as a cleaning every 6 months. I think it’s worth it. Resizing it after purchase was about $50-75 so given that the warranty is for the lifetime of the ring it seemed a good investment.

View Quoted Comment I plan to go for the 6 month cleanings and will try to document everything properly in case anything goes awry.

I got lucky with my insurance for my ring. We had mine custom made at Chalmers in Madison Wi and my insurance for literally any crazy thing cost me $32 a year. I could completely lose the ring, have it stolen, destroyed in a random lightning strike (actual thing that happened to someone) and they wouldn't charge me a single thing besides that $32 a year.

Use Jewelers Mutual or your homeowners insurance. If your Zales changes management (such stores seem to have high turnover), you could be SOL. A ring should not be resized multiple times, I am surprised they offered.