April 08, 2008,
K.J. asks from McKinney, TX on April 08, 2008
Lost/stolen Wedding Ring? No Insurance, OMG :(
I have not been able to find my wedding ring for about 3 weeks now. I'm not really sure if I left it somewhere in the house or in my car. I often take it off because it is pointy and scratches my 2 yr old and gets in the way when I'm doing things around the house or whatever...We have had a maid over that cleaned the house, I had my oil changed and it is possible it was stolen then, or I could have dropped it in the car and it fell out, who knows???
My husband told me we had insurance so when I couldn't find it, I called. Well, the insurance only covers the diamond, if it chips or falls out! My husband literally paid , my ring off last month. I'm just so sick about it, and I haven't had the heart to tell him yet. Does anyone have any suggestions? Our house insurance does not cover lost/stolen valuables only damages...I don't know what I'm going to do, I'm so sad and my poor husband worked so hard to pay off that ring
K.C. answers from Dallas on April 08, 2008
Well.... I can't help you in the "how do I tell him" area - other than just tell him the truth and go from there. If/when you do replace it - get an insurance policy called "personal articles" policy or PAP. It will insure the ITEM in whole at REPLACEMENT COST - not depreciated value. Homeowners policies do not cover jewelry to the specific piece.... just to a certain amount like $500.
Anyone who collects valuables - or has expensive jewelry NEEDS to insure their pieces with a PERSONAL ARTICLES policy.
You can choose to have it at "Replacement Cost" (usually for items that increase in value like jewelry or collectables) or at "Stated Value" (usually for guns that do not increase in value). Hope this helps. ( I did insurance for 15 years... good thing to have that you hope you never have to use!!)
Good luck.... keep me posted! :)
S.W. answers from Dallas on April 08, 2008
This sounds like something that happened to my mom a few years ago. She thought she had lost her ring and even bought an inexpensive "place holder" while she and my dad tried to decide whether to buy a new one. Nine months later, she found it! It's when you stop looking for something that you find it.
C.R. answers from Dallas on April 08, 2008
I am so sorry to hear about this for you. I can't imagine how I would feel if it were me. I did work for Zales Jewelers for 9 years before I had my kids. You might call them and talk to the store manager and explain your situation. They used to (I can't speak for if this program is still in place) have an insurance replacement program. The way it worked then was they had a set discount amount that was offered to the insurance company and that was passed on to the customer. Generally the customer received the monies from the ins. company and paid the store direct. However not always. Anyway, there were cases where we did help customers out that their ins. didn't cover the item and we did help them by offering the discount to help with replacement of the item. Just call the store and ask if they have an insurance replacement program in place and then after you have that information, explain the situation you have and see if they will still offer the discount for you since your ins. will not cover the loss.
T.F. answers from Dallas on April 08, 2008
Double check your homeowners policy, the insurance policy on the ring and your store receipt.
NEVER take "NO" for an answer the first time and move on. Many times you will find a rep that will work with you.
Our homeowners covers up to a dollar amount and then we have a rider on the ring which covers everything. A rider is pricey, we pay about $900 a year for it but it does give some peace of mind.
We purchased some jewelry for our daughter from Jared and the extended protection covers her as well as our rider.
There are a lot of loopholes. Make sure you check them all out.
Good luck and who knows......maybe it will turn up somewhere in your house or car. Maybe you took it off in a place that you never took it off before at home.
For the record, I only remove my ring to clean it and put it right back on. I've had women ask to try it on for goodness sake. NO WAY.
I wish you the best!
C.J. answers from Dallas on April 08, 2008
I agree with the last post check your homeowners policy. Just the other day they stole my phone, kids dvd players and my ipod from my car. When I called the insurace company they said it would fall under my homeowners policy. We would have to pay the deductible and it was higher than what it all cost to replace. We did not add any extra coverage to our policy so I almost certain yours would have to be the same. Also tell them it was stolen from your car how do you know it was not???