If there is one thing that makes my head hurt, it would be researching insurance. There is insurance for everything and I mean everything!
Adam Lambert insured his voice for $48M, Jennifer Love Hewitt's smile is insured for $10M, even Heidi Klum's legs are insured for over a $1M each.
Yes, we are making our way down the checklist and insuring your ring is something that should be on everyone's "to do" list. Better yet, you could put it on your honey's "honey do" list. This doesn't mean that your insurance agent has to be the first person you tell but he/she does need to be informed.
There are a few steps that you need to take to cover this investment:
Since you are going to have your ring for - a lifetime, you will want to have your ring appraised throughout the years. This would be for inflation purposes, you want to be sure that if something happened to your ring years down the road, that you are given a ring at its current value.
Hope this helped - time for me to go update some paperwork...where did that ring go?