Originally Posted by pnthr30
Simple solution........INSURANCE. Schedule it on your homeowners insurance and the problem is solved. You better believe that immediately after I walked out of the store, I had that ring insured in case something happened - that is just to much money to spend and not take the proper precautions. For example, I just renewed our homeowners insurance and it costs +/- $75 a year to "schedule" my wifes rings (engagement and wedding) - value of about $7,500 ish. IMHO that is a small price to pay to know that you don't have to think twice about the ring ever again.
True, but when I bought the ring, I didn't have homeowners insurance since I didn't have a home and at the time was to stupid to have renter's insurance. All our property, jewelry, electronics, etc. is now covered. Hindsight is 20/20 and I'm a bit wiser than i was back then.
My main point was that if you're starting a life together, there are other considerations to take into account. A ring is a single, high value item with no functional value. It looks great and all, but when you're hungry you can't eat it and it may be a bit too small to live in.