I've always insured my wedding rings on my homeowners policy. I'm looking to switch insurance companies, but they require a recent appraisal in order to insure the rings. It's just not realistic that I'm going to get my rings appraised every time I want to change companies, so I'm going to end up trapped with the same company out of laziness.
The other alternative is to insure the rings on their own policy. Are there any benefits to doing this, other than not having to appraise my rings every time I want to switch insurance companies? Is the cost comparable to insuring them on a homeowner's policy?