Canadians: question, please answer.

[Aurora Borealis]

I posted this question on Diamond Hangout and Jewelry and I didn''t get an answer so if anyone could help that''d be great. Are there any Canadian insurance companies that sell policies to cover diamond jewelry? Anyone I''ve asked just says that they took out a rider on their home insurance but I''m looking for a separate policy. I ask because I''m living with my parents and I don''t think their policy would cover me to the extent of the value of my jewelry. So if you know of a company please tell me about it. Thanks so much.

 

[Aurora Borealis]

Please? I''m desperate...I feel really uncomfortable without insurance. I''m not worried about losing the ring because I always wear it, I''m worried the diamond will fall out if I break a prong or something along those lines. I''ve asked in so many places and I can''t believe that not one Canadian has a personal articles policy for diamonds.

 

[Daniela]

Have you tried Chubb? I was going to try them, but in the end we got a good deal with the people that we have car and home insurance with.

 

[Aurora Borealis]

I will try Chubb. The only thing is I''m not sure if they will insure my ring because I only bought it for under $5000 Canadian, even though it''s appraised for more. And I don''t have any other insurance with them...Thanks very much for replying.

 

[JohnQuixote]

Aurora - have you had any luck? If not, I spoke with my US agent - Chubb does write in Canada.
I can provide you with contact information for a Canadian agent if you'll let me know your location/province.

Edited to add: I looked at your profile and see that you're in British Columbia. I have a call in and will get back to you unless you find something first.

 

[Brocksgirl24]

Hi Aurora, I''ve been dealing with this insurance all morning. I''m in Toronto. I''ve called a few companies, and no one seems to sell insurance for jewellery as a separate policy. A lady at State Farm told me that no insurance company does this, so I''ve given up. Luckily, I have tenant insurance already so I just added it on to that. Unfortunetely its going to cost me $230 a year but I''d rather not go without. I dont know much about property insurance, but do you think there is a way to add it to your parents policy for now?

 

[soulsis]

I know that my home insurance does cover my stuff up to $10,000. anything after that, there is a minimal surcharge. That''s what I did. I wish someone would break in and steal my jewelery! Then I could get new stuff for all the stuff I don''t like

I''ll give out my address if necessary

 

[Aurora Borealis]

Thanks for you help, John. I did a search on the Chubb Canada site but a lot of those brokers listed won''t do a separate policy, even though I''ve read here that they should. So no luck yet.

Brocksgirl, I''m glad you got an option. I probably could get a rider on my parent''s policy since technically I''m a dependant because I''m a student. But it wouldn''t be cash-out, which is what I really want...and I''d hate to raise their premium in case something happens to my ring (I''m a clumsy girl). And for some reason I''d just feel better with a separate policy.

*CROSSING MY FINGERS* I hope I find a broker that will sell me the Cubb Masterpiece policy...


Thanks you guys so much for paying attention to my post!

 

[JohnQuixote]

Aurora, my agent's contact for Chubb in Canada is: Phone #416-863-0550.

They are listed as Chubb in Toronto, Canada (Brocksgirl24 - in your "hood") See if they will write it - or ask if there is a different number for Vancouver, BC.

Please let us know what you find out.

Best,

 

[Aurora Borealis]

Thanks very much, I will give them a try.

 

[Richard Sherwood]

You might try Jewelers Mutual as well. I know they cover the 50 United States, but I''m not sure about Canada.

Their website is http://www.jewelersmutual.com/pj/default.htm, and their phone number is 888-884-2424.

If I remember correctly, Chubb is now insuring only items of $10,000 and up.

 

[hlmr]

Hi Aurora:

Have you tried cooperators insurance? I have a separate policy for my ring that is not a part of my home insurance.

Good luck,

Heather

 

[Aurora Borealis]

^^I just checked Jeweller''s Mutual, appliocants outside the USA are not eligible, but thanks.

^Coopoerater''s? What''s that? Do I get it at the brokers?

 

[hlmr]

Aurora:

Cooperators is an insurance company in Ontario and I thought right across Canada. They do have offices in Alberta but perhaps it does not extend to BC. Have a look - www.cooperators.ca

Heather

 

[zdrastvootya]

Date: 11/21/2004 9:12:40 AM
Author: hlmr
Hi Aurora:

Have you tried cooperators insurance? I have a separate policy for my ring that is not a part of my home insurance.

Good luck,

Heather

I just called a Toronto agent and they said they don''t do this - that there has to be a home policy

Z.

 

[Aurora Borealis]

The harder I look for insurance, the more convinced I am that my diamond will pop out.