1. 375 POINTS
    Tony Canas, CPCU, MBA
    Financial Leadership Rotation Program, Nationwide Insurance, Columbus, OH
    Renter's insurance vary a lot so the only way to know for sure is to file a claim. With that said the ring is probably covered with a small sublimit of $1,500 or so and you would have to pay your deductible. If you need coverage for more than that you need to call/email your insurance company and say "I'd like to specifically schedule my engagement ring for $X with a deductible of $Y. Special causes of loss, replacement cost please. I have a picture, receipt and appraisal ready for you". That will assure that your engagement ring is covered to it's full value, minus the deductible you choose and for the widest coverage possible.
    Answered on March 16, 2013
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