Diamond Jewelry Forums

Picture Gallery

Video Gallery

|

Search |

Posted Today |

Most Active |

Help

ť Home ť

ť Diamond Prices and Grading ť

ť RockyTalky ť

ť Which Iinsurance Company?

Which Iinsurance Company?

P: 4/4/2006 12:24:17 PM
tinman1412 Rough Rock Total Posts: 10 Last Post: 4/4/2006 Member Since: 11/9/2005	Hi All, I'm looking for a policy to cover my newly purchased engagement ring. I called Chubb and they require you have home and auto with them in order to write the policy. Can you all let me know which insurance company provides an all-loss coverage with cash-settlement value based on the appraisal value of the ring. Thanks in advance
Posted: 4/4/2006 12:24:17 PM

There are 13 replies to this message. There are 13 replies on this page.

P: 4/4/2006 12:27:07 PM
mrssalvo Ideal Rock Total Posts: 16,859 Last Post: 11/23/2009 Member Since: 1/3/2005	Chubb does have a stand alone policy, apprently though it depends on which agent you talk to. Check out this thread a highly recommended Chubb agents info is in the thread. He's the one you should talk to. Jeweler's Mutual is also recommended often on this site. ----------------------------- A deal is only a deal if you are getting exactly what you want.
Posted: 4/4/2006 12:27:07 PM

P: 4/4/2006 12:40:27 PM
gemmy1 Rough Rock Total Posts: 64 Last Post: 10/3/2008 Member Since: 2/25/2006	Jewelers Mutual Insurance Company www.jewelersmutual.com or call toll free 1-888-884-2424 GREAT company to deal with. Bryan Boyne, g.g. Gem Diamond Company
Posted: 4/4/2006 12:40:27 PM

P: 4/4/2006 12:49:36 PM
tinman1412 Rough Rock Total Posts: 10 Last Post: 4/4/2006 Member Since: 11/9/2005	I called David Stone but he no longer does that. I also called Jewelers Mutual but they only do replacement. Is there a recommended list of companies?
Posted: 4/4/2006 12:49:36 PM

P: 4/4/2006 12:52:42 PM
mrssalvo Ideal Rock Total Posts: 16,859 Last Post: 11/23/2009 Member Since: 1/3/2005	Do you have renter's or homeowner's? I schedule my jewelry as a rider on my home owners policy. Some offer cash out policy's. Mine offers to replace with like kind. I just include a detailed appraisal making it pretty much impossible for them to replace and they cashed me out when my stone was damaged last year. ----------------------------- A deal is only a deal if you are getting exactly what you want.
Posted: 4/4/2006 12:52:42 PM

P: 4/4/2006 12:54:56 PM
tinman1412 Rough Rock Total Posts: 10 Last Post: 4/4/2006 Member Since: 11/9/2005	what do you mean by "detailed". I got my appraisal at an indepedent appraiser. I got a folder with pictures and basically the appraiser's opinion as to the value
Posted: 4/4/2006 12:54:56 PM

P: 4/4/2006 12:57:22 PM
mrssalvo Ideal Rock Total Posts: 16,859 Last Post: 11/23/2009 Member Since: 1/3/2005	Date: 4/4/2006 12:54:56 PM Author: tinman1412 what do you mean by 'detailed'. I got my appraisal at an indepedent appraiser. I got a folder with pictures and basically the appraiser's opinion as to the value that's what I mean. There should be all the details of your stone, measurements, idealscope images etc. That makes it hard for them to just replace with another stone that just has the 4 c's listed. ----------------------------- A deal is only a deal if you are getting exactly what you want.
Posted: 4/4/2006 12:57:22 PM

P: 4/4/2006 1:06:31 PM
tinman1412 Rough Rock Total Posts: 10 Last Post: 4/4/2006 Member Since: 11/9/2005	I guess I don't understand why companies like Jewelers Mutual only does replacement if they have people with detailed appraisal. I'm sure all of us who buys an engagment ring has a similar appraisal which doesn't make sense to me. I would like to hear from someone that have made a claim and the insurance told them that it couldn't be replaced and had to give them a check for the appriased value
Posted: 4/4/2006 1:06:31 PM

P: 4/4/2006 1:23:36 PM
Gonzodogg Cut Rock Total Posts: 382 Last Post: 9/11/2006 Member Since: 12/1/2005	I would call a few more Chubb agents until you find one that does the engagement ring/valuble articles policy. I use Chubb and they are great. just my .02
Posted: 4/4/2006 1:23:36 PM

P: 4/4/2006 1:37:08 PM
jetmal Ideal Rock Total Posts: 775 Last Post: 8/15/2009 Member Since: 2/10/2006	hi, I just purchased a new ring too, and I called my home/auto insurance company, and Jewelers Mutual, and Will Castro at Chubb. here are the prices: home/auto incurance co.: $274.00 per yr, with replacement with like kind Chubb- $270.00 per yr- cash out, no questions asked Jewlers Mutual- $362.00 per yr, replacement with like kind So, it looks like it will be Chubb. Castro will do a stand alone policy, as well as some other agents I beleive. good luck
Posted: 4/4/2006 1:37:08 PM

P: 4/4/2006 1:46:33 PM
Small Ideal Rock Total Posts: 957 Last Post: 4/18/2008 Member Since: 2/3/2006	I looked into Chubb with Bill Castro but I'm still waiting. I sent all of my info over and called a few times. He told me congrats and that I was insured but I don't have any final figures, a policy, or anything yet. I have my original e-ring with state farm but I was planning to move that to Chubb at the end of the year. I have a stand alone policy but they do not do cash out and it's just like kind. I was also going to look into Jewelers Mutual. I'll have to see. I plan to call Bill and send him an email one last time. It's been 1 week since I contacted him last and a month overall. Some people have said they have been insured by the end of the day and others have said he didn't give them a call back. I found him very quick to call the first time but he also told me he's been getting LOTS of requests for stand alone policies so he's been busy. Good luck!
Posted: 4/4/2006 1:46:33 PM

P: 4/4/2006 2:03:42 PM
tinman1412 Rough Rock Total Posts: 10 Last Post: 4/4/2006 Member Since: 11/9/2005	I just found an agent that will do the stand alone policy via Chubb. I asked her if there's a cash-out option like you have and she says it's basically a scheduled policy. How do I know for sure, b/c I do not want a replacement policy if there is a loss. Is there a contact # for Will Castro at Chubb. I need to verify this. Thanks
Posted: 4/4/2006 2:03:42 PM

P: 4/4/2006 2:17:25 PM
Small Ideal Rock Total Posts: 957 Last Post: 4/18/2008 Member Since: 2/3/2006	He's with totaldollar.com so if you type that in and then search for employess you should find his direct line. That's how I get a hold of him anyway! Good luck!
Posted: 4/4/2006 2:17:25 PM

P: 4/4/2006 2:45:37 PM
mrssalvo Ideal Rock Total Posts: 16,859 Last Post: 11/23/2009 Member Since: 1/3/2005	Date: 4/4/2006 1:06:31 PM Author: tinman1412 I guess I don't understand why companies like Jewelers Mutual only does replacement if they have people with detailed appraisal. I'm sure all of us who buys an engagment ring has a similar appraisal which doesn't make sense to me. I would like to hear from someone that have made a claim and the insurance told them that it couldn't be replaced and had to give them a check for the appriased value this happened to me last year. I had my ring was appraised for 8K. that is what I "overpaid" on insurance premiums for 5 years. When my stone was damaged they could not replace with like kind b/c it was a rare Old European cut and they couldn't find one even close, so they offered to cash me out. I got a check for the cost it would cost them to replace which was only 5K. Next time, i'll only insure what it would cost to replace and save the $ on the premiums. but AllState was great and i had my check in about 1 weeks time. The insurance Company will not give you a check for the appraised value, only what it would cost them to replace it. that's why a cash out policy is worth the little bit extra for those who have them. ----------------------------- A deal is only a deal if you are getting exactly what you want.
Posted: 4/4/2006 2:45:37 PM

Previous Page

Next Page

Ť What does everyone think about this setting for a rhr? Ť

ť Hey, scientists--what causes fluorescence? ť

Next Topics
Thanks for your help - pics inside ... Is this a good quality diamond? Need Help Picking a Diamond...Quick Help! Stud Earrings -- please help decide between two sets Ruby Nothing better than asking for free advice Buying Marquise - Where to compromise? Should I call this princess in? advice - stud earring reset? Rhodium Plating Question Am I paying too much for an emerald cut? Help me find a new setting for my Diamond!!!!!!!! Question about settings RITANI RING QUESTION Is this a good stone for a fair price? (GOG) Risky??? What to do - appraisal stinks! What do you think of this H&A RB 1.63ct!!!!!Please give opinion rubbing alcohol and diamond/platinum, OK? Ever heard of table cut diamonds??? I'll stick with buying diamond parcels from New York, safely :) What would one expect to pay for this? I know this is bad but it would make me happy BUYING...1.52 F VS2 Ideal cut EGL cert Yes/ NO?? How does insurance work for hard-to-find stones? Please help rate these two idealscope images Help for a Newbie diamond comparision Need Advice Hand Made? what makes this forum great

Jump to:

Contact Us \| Back Home \| Privacy Statement \| Forum Agreement \| Forum Policies
Ideal BB Version: 0.1.5.4.beta1	Message forum software powered by the Ideal BB

Pricescope - Knowledge - Diamond Prices - Tools - Resources - About

Š 2000-2009 Pricescope. Terms of Use Privacy Policy Disclaimer
forum archives