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Aussie ring insurance - any replace damaged/lost stone?

Discussion in 'RockyTalky' started by D2B, Feb 15, 2010.

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  1. D2B
    Brilliant_Rock

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    by D2B » Feb 15, 2010
    Hi

    I am about to have my 3 stone appraised for aussie insurance purposes, (will post pics after all this is done[​IMG]) and wondered

    1) what insurance companies for jewellery do fellow australians recommend? I have an ACA stone I would like to replace with the same specs etc if something happend, not have them buy me some horrid cut stone that happens to be the same size and colour and clarity iykwim

    2) do any of the australian insureres replace a lost stone or damaged stone, not just stolen ring

    Many thanks, I have started to talk to one or two insurers and it quicky becomes obvious that diamond insurance is not on their list of high priority[​IMG]

    hmmmm, so please please please any advice suggestions much appreciated as always.

    Garry if you are reading this, who do you recommend for a pricescoper? Any on your shortlist that your clients have dealt with and had good reviews?



    [​IMG][​IMG]

    d2b
     
  2. D2B
    Brilliant_Rock

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    by D2B » Feb 15, 2010
    bump[​IMG]
     
  3. AussieNic
    Rough_Rock

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    by AussieNic » Feb 15, 2010
    D2B, I will be most interested in this as well.. especially considering I have spent the last 12 months arguing with our current Insurer on a largish H&C claim after a nasty storm..Most certainly do not want anything to do with them..

    Did you do a search of the forums? I found a thread about insurance that was a couple of years old i think??
     
  4. D2B
    Brilliant_Rock

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    by D2B » Feb 16, 2010
    AussieNic

    I cant seem to find anything to recent, but will have another look. I wish we had more choice in insurance like the US posters seem to have ... sigh....
     
  5. susimoo
    Brilliant_Rock

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    by susimoo » Feb 16, 2010
    Good morning everyone,
    Although in the UK I would wholeheartedly agree with all that you say. It would appear that our American friends get the best deals regarding all things jewelry related, insurance included. Good luck with your search.
     
  6. pancake
    Brilliant_Rock

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    by pancake » Feb 16, 2010
    I haven''t got my ring yet and when I do I''ll go with whomever our jeweller suggests.

    But it might be worth looking into this company - they specialise in jewellery insurance.
     
  7. Lestat
    Shiny_Rock

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    by Lestat » Feb 16, 2010
    The cheapest I could find was RACQ, however they told me they only give cash out if they can't find an equivalent replacement item in Australia. So in my mind, that told me that I need to provide them with as much info as possible about my purchase to make it impossible to find something equivalent here. They originally just wanted basic details (which would make it easy for them to just buy whatever) but I convinced them to allow me to provide the description. They agreed to put my brief description in their computer file (they only have a small amount of room), which was this:

    LEON MEGE 950PT/RU DIAM ENG. RING CTR DIAM
    EMERALD CUT 1.01CT G VS2, 2XTAPERED BAGUETT
    SIDE DIAMS=0.23CT G VS1. SINGLE CLAW PRONG
    SET. SEE CUSTOMER EMAILS FOR FURTHER DETAIL

    And I followed up with a HUGE extremely detailed e-mail with attachments of Sarin reports, ASET images, valuations, GIA report scans, etc. Basically everything I considered when I purchased my diamond. I'm just hoping for the best in the event that something happens, hopefully they'll look at my e-mail and either follow my process to find something or just say "this guy is too much trouble" and cash out. They agreed to keep my e-mail on my file.

    I didn't have any luck finding insurers that would just cash out no questions asked, I'd be interested if any exist.

    ETA: That Q Report insurer looks interesting Pancake, usually Chubb won't insure smaller items, but they seem to. The other thing is that they say their coverage is worldwide, I wonder how they can do that? I wonder how their price compares to others? They seem to say on some parts of their site that they will allow you to return to your original jeweller for replacement, but in other sections they mention "Q Certified Jewellers" and that they only offer cash settlements at their discretion if they can't replace the item.
     
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