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ť RockyTalky ť

ť Is $200/yr good price for a Chubb policy for 11k diamond?

Is $200/yr good price for a Chubb policy for 11k diamond?

P: 4/22/2005 11:03:52 AM
mrhammer2u Rough Rock Total Posts: 7 Last Post: 6/2/2005 Member Since: 3/31/2005	I bought my diamond for 11k from a wholesaler so I am sure it will appraise for more. I was just going to cover it for the purchase price to keep the premium low. The diamond will be set, it's an engagement ring. The difference between 11k of coverage and 15k of coverage was $50/yr. I am just wondering if $200/yr is a good deal. Thanks so much!! RB
Posted: 4/22/2005 11:03:52 AM

There are 8 replies to this message. There are 8 replies on this page.

P: 4/22/2005 11:14:41 AM
frazzledphoey Rough Rock Total Posts: 4 Last Post: 4/22/2005 Member Since: 4/20/2005	I need to get insurance too... I heard typical policy's cost b/w 1% - 3% of the diamond. So it sounds like you are within range... Ralph
Posted: 4/22/2005 11:14:41 AM

P: 4/22/2005 11:57:34 AM
curlygirl Ideal Rock Total Posts: 2,308 Last Post: 11/24/2009 Member Since: 4/9/2005	I think that's about right. I just had a rider added onto my renter's policy and it was about the same price. It's totally worth it for peace of mind.
Posted: 4/22/2005 11:57:34 AM

P: 4/22/2005 12:56:34 PM
RockDoc Ideal Rock Total Posts: 2,509 Last Post: 6/17/2007 Member Since: 8/16/2000	Chubb is a far different type policy than adding to homeowners type or replacement type. Instead of comparing prices read the policies to see how claims are settled. I think you'll find that Chubb is a little higher - but the coverage is far better than the replacement policies. There is a lot on the forum about this. Just search under the keyword insurance in this forum, and you'll get lots of info. Rockdoc Bill Leiberum 1948-2007 Thanks for everything and Rest In Peace,Bill.
Posted: 4/22/2005 12:56:34 PM

P: 4/22/2005 6:11:49 PM
NyssaLynne Cut Rock Total Posts: 353 Last Post: 7/3/2005 Member Since: 12/21/2004	My Chubb policy was $138/yr for $10,200 worth of coverage. Lynne~
Posted: 4/22/2005 6:11:49 PM

P: 4/22/2005 6:16:00 PM
baltneu Cut Rock Total Posts: 370 Last Post: 10/19/2005 Member Since: 2/28/2004	The cost of the insurance will vary with your location in the country. It is more expensive in NYC than in Podunk. ps. Nothing against people in Podunk!
Posted: 4/22/2005 6:16:00 PM

P: 4/22/2005 7:06:59 PM
teagreen Cut Rock Total Posts: 281 Last Post: 11/16/2006 Member Since: 3/28/2005	Is it true that if you file a claim for the diamond, the rest of your policy premium shoots up? Is Chubb not like this bc it's not a rider? Do all riders carry this risk, and if not, how do you tell?
Posted: 4/22/2005 7:06:59 PM

P: 4/22/2005 9:06:57 PM
baltneu Cut Rock Total Posts: 370 Last Post: 10/19/2005 Member Since: 2/28/2004	leeenie good question. ask you agent, will vary from case to case, depending on prior claims experience.
Posted: 4/22/2005 9:06:57 PM

P: 4/22/2005 9:11:51 PM
nicoly Rough Rock Total Posts: 15 Last Post: 9/5/2005 Member Since: 3/19/2005	Date: 4/22/2005 113:52 AM Author:mrhammer2u I bought my diamond for 11k from a wholesaler so I am sure it will appraise for more. I was just going to cover it for the purchase price to keep the premium low. The diamond will be set, it's an engagement ring. The difference between 11k of coverage and 15k of coverage was $50/yr. I am just wondering if $200/yr is a good deal. Thanks so much!! RB I just bought a policy last week from Chubb, for $10,000 (cost of the ring), and the cost was $187. Does this help?
Posted: 4/22/2005 9:11:51 PM

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