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 » RockyTalky
»  » Chubb is too expensive for me, any other good options?
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Chubb is too expensive for me, any other good options? |
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| P: 10/7/2008 11:20:58 PM | |
cushioncut42 Rough Rock Total Posts: 2 Last Post: 10/31/2008 Member Since: 10/7/2008 |
Hi, We have Chubb and it's costing us way too much to keep up. Right now we're paying $700 a year for a $20,000 policy. Does anyone know of a similar type policy (where you have a say in the replacement ring) that they can recommend? (BTW - we do not own a home, we rent...) Thank you for any feedback. CC
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| Posted: 10/7/2008 11:20:58 PM | |
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There are 9 replies to this message. There are 9 replies on this page. |
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| P: 10/7/2008 11:25:22 PM | |
Regular Guy Ideal Rock Total Posts: 5,318 Last Post: 11/24/2009 Member Since: 7/7/2004 |
I think you can have a say with Jeweler's Mutual, which gets a lot of press here. Also...do check out State Farm for their valuable articles policy. When shopping in years past, I found them inexpensive, and they come with an agent to help you. Ira (Ruffles have Ridges) Z. |
| Posted: 10/7/2008 11:25:22 PM | |
| P: 10/7/2008 11:44:06 PM | |
neatfreak Ideal Rock Total Posts: 13,467 Last Post: 11/24/2009 Member Since: 2/17/2007 |
Jeweler's Mutual is great. They allow you to work with the jeweler of your choosing, so really it isn't too different from a replacement policy assuming that you actually want to replace the ring. Their claims process is VERY easy, I went through it in January. We just picked our jeweler and they took care of everything.
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| Posted: 10/7/2008 11:44:06 PM | |
| P: 10/8/2008 12:21:05 AM | |
katamari Ideal Rock Total Posts: 2,106 Last Post: 11/23/2009 Member Since: 5/18/2008 |
We added mine to our renters insurance. It increased our renters coverage from the (Ohio) standard $20,000 to $28,000. And, we only had to pay about $50 more a year more. They just had to write an addendum and see the appraisal. Under our previous policy, only $1000 in jewelry was covered, but now it is closer to $9000 (which more than covers my ring). It covers theft, stone loss, and any damage to the stone or the setting. Oh, and our rental policy is through Nationwide. ETA: I have total selection in instance of replacement, but I do have to pay and then be reimbursed. Not sure what Chubb's policy is like here.
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| Posted: 10/8/2008 12:21:05 AM | |
| P: 10/16/2008 3:03:25 AM | |
Diamond Confused Cut Rock Total Posts: 395 Last Post: 7/29/2009 Member Since: 1/14/2008 |
adding it to a homeowners or renters policy is the cheapest way to go. Whether you decide to go with a stand alone policy or add it to your homeowners make sure it's on an agreed value not replacement cost. On agreed value you will get what you insure it fot. Replacement cost will get you a ring of "like quality". This is especially important if it's a designer ring like from Tiffany or Cartier where you are also paying for the brand.
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| Posted: 10/16/2008 3:03:25 AM | |
| P: 10/16/2008 7:58:35 AM | |
MMT Ideal Rock Total Posts: 2,565 Last Post: 7/14/2009 Member Since: 6/24/2008 |
I am with Jewelers mutual. Previously I had my ring insured with my homeowners policy. The reason I switched was if I filed a claim my homeowners insurance would increase. They were the exact same price, $10 per $1000 coverage per year. It was also extremely easy to apply online for the policy.
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| Posted: 10/16/2008 7:58:35 AM | |
| P: 10/31/2008 5:33:33 PM | |
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cushioncut42 Rough Rock Total Posts: 2 Last Post: 10/31/2008 Member Since: 10/7/2008 |
Bump. Thanks for the information. We will definitely look into these options. I was wondering if any else had additional suggestions. Thanks again!
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| Posted: 10/31/2008 5:33:33 PM | |
| P: 11/1/2008 12:42:08 AM | |
kev_800 Cut Rock Total Posts: 117 Last Post: 11/1/2008 Member Since: 1/27/2007 |
I added the wife's ring (~20k) to the homeowner's policy with Allstate. It raised our premium about 300 bucks a year, and there is a specific endorsement on the policy for jewelry. The endorsement covers all the regular stuff, theft, loss of the jewel in the setting, etc.. We're in the midwest, US.. |
| Posted: 11/1/2008 12:42:08 AM | |
| P: 11/1/2008 3:05:05 AM | |
Carrots Cut Rock Total Posts: 122 Last Post: 12/19/2008 Member Since: 10/14/2008 |
AAA
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| Posted: 11/1/2008 3:05:05 AM | |
| P: 11/1/2008 3:06:54 AM | |
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Carrots Cut Rock Total Posts: 122 Last Post: 12/19/2008 Member Since: 10/14/2008 |
AAA includes stone lose and international coverage. my 17.5k is 250 per year.
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| Posted: 11/1/2008 3:06:54 AM | |
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