Insuring a ring

doodah said:
They won't give me a quote :confused:

I can do Barclays contents + personal items for either ~£120pa or ~£170pa, the latter including accidental damage in the contents.
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ring them, they are not entirely "off the shelf" so a call is best

tbh if that Barclays quote covers all you need (the ring) then its a v good price
 
doodah said:
Trying to insure a recently purchased ring. Took out a policy with Protect Your Bubble (PYB) but upon picking up the ring, they gave me a certificate stating how much it's worth - ~£1k more than I paid. PYB say I should stick with the current policy as they will only do what I paid, however my close friend who got his wife's ring from the same place as me has his insured for what they ring is worth rather than paid (through their house insurance).

Unsure what's the best way to proceed. I live in a rented apartment with 3 others so have my own contents insurance for my room but that's with Endsleigh. As I only took out the PYB policy yesterday - I should be able to cancel the policy with no hit?

Any tips? Go with a dedicated policy for the ring or extend my current contents/take out a new contents and add the ring to it?
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Extend your contents insurance and also insure it at the valuation value.

I lost my wedding band earlier this year. I had it insured as a named item on my policy with accidental loss or damage covered. Insurance paid me out without question (legal and General) and it hasn't affected my policy renewal price either. The paid me out £2220 in LMG vouchers. I replaced the ring for less than half of that (Jewellery quarter, Birmingham) as they always pay out at High Street prices (same item was £2000 in goldsmiths).

You should have 14 days to cancel the PYB policy i believe?
 
PYB cancelled, just seeing if I can beat the quotes from Barclays - otherwise I will go with them. Seems silly taking out 3 separate policies with them though; I will have gadget, personal and contents.
 
Yeah caught me by surprise, especially £1k difference. At first I thought it was that 'original price' scam shops like to do to make the sale discount look better, then I thought they were trying to make themselves look better/me feel better about it :P.

Apparently I have to quote the price as part of my dowry - I know which figure I am going with ;):cool:
 
Well this was a worthwhile exercise. I thought I had notified my previous contents insurer of my move in August (received a confirmation email around that time), turns out I hadn't so had no contents since August :o

Gone with Barclays, however I am trying to register and got this....

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Why would Barclays hot have a secure connection?
 
This is very confusing. The email I got from Barclays asks to register but the link you copy and paste takes you to a general Barclays insurance page and the only 'register' button tries to register you with their online banking.

And if you Google Barclays MyPolicy or followed the link I had earlier (screen shot above), it takes you to the page (3rd party) that doesn't have a secure connection.
 
Not sure what happened there but Chrome is now OK with it (also with Aviva). Damn straight I am not entering details without a secure connection (some rip off BTC trading site tried to con me recently and their site looked dodgy as hell and didn't even have a secure connection - just what you want with money/BTCs).

Sorted. More comprehensive contents, ring insured. Now I just have to propose :eek::D
 
Just add it to your home insurance with an agreed value. Don’t see what the problem is? If you have a valuation certificate it should be fine.

EDIT - glad you’ve sorted it. Good luck with the proposal!
 
chroniclard said:
Why do all ring places do that, sell for 1k, value it at 2k. Some form of tax scam?
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To give you the sense that you alone are a master negotiator that just bought something made of commodities plus skilled labour for well below what any other human-being could achieve. it's nonnsense
 
Had a bit of a google, basically a scam.

"The truth is that valuations exist to benefit jewellers, insurance companies and the valuers themselves. Jewellers benefit from having their goods valued well beyond the selling price, insurance companies benefit higher premiums and valuers benefit from fees collected from what is usually a ten minute job."
 
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