Hi folks,
I bought a diamond engagement ring from an online retailer.
I got the online retailers appraisal and it states X amount.
I got it appraissed locally and it came to X - 1000.
I bought it for X - 2000, so that doesn''t really concern me, plus the appraisal thing is for insurance in my case.
Now the question:
Should I use the X amount (highest) or the X - 1000 (lower) amount for insuring the ring?
I think the answer is the higher one, but is there an instance where I would NOT want to use the higher amount to get it insured?
Thanks.
I bought a diamond engagement ring from an online retailer.
I got the online retailers appraisal and it states X amount.
I got it appraissed locally and it came to X - 1000.
I bought it for X - 2000, so that doesn''t really concern me, plus the appraisal thing is for insurance in my case.
Now the question:
Should I use the X amount (highest) or the X - 1000 (lower) amount for insuring the ring?
I think the answer is the higher one, but is there an instance where I would NOT want to use the higher amount to get it insured?
Thanks.