I asked this on someone else''s thread, but I would really appreciate any advice u can give.
Thanks,
cwj
Its funny to come across this post now, I have been concerned about my ins. coverage every since I had my stone remounted. Heres why: when the stone was purchased, years ago, in a retail store (like a mall) the center stone was graded G si2 2.01. My problem is when it was redone, it was reappraised. The people that did the work said they r all GIA trained. They graded very strick (I think), but reguardless, I feel they gave what they think is a GIA grade, and it most likely is closer, but I don''t get the Gia cert. that goes along with such tough grading. They went from the G si2 to a I I1. So now if something happens to this ring, the ins company will shop a I i1, not a GIA cert I i1. Who knows what I will end up with. Am I making any sense? Would this concern u, what do I need to do?
First a little background.
I work in the computer industry and deal with insurance companies often on behalf of our clients.
This is how it works the insurance companies have preferred providers and they will try and replace your computer with the lowest end computer that they can from that provider.
Usually it will be a dell in today’s computer world.
This works for a lot of people because it is a nice upgrade but for the special purpose user or a dedicated gamer it sucks.
The systems they want to shove on you wont come close to what you had.
For example we had a client with a $3000 tv production card in his computer that got hit by lightning and fried everything on it.
The $3000 was the current price he paid over $6000 for it.
They tried to force him to take a $2000 settlement or a dell of that value.
By having us explain to them in writing why it was not a just settlement he got enough money to get a system that had the card in it.
Now you ask what does this have to do with diamonds?
Well they work the same way if you have a claim and all you have is a picture of the setting and a piece of paper saying the diamond is a .5ct g si1 you will get the cheapest .5ct g si1 diamond their preferred provider can get.
For a mall store grade original that might be good enough.
But if you put your time in here before buying it’s a rip off.
You need the paperwork to prove it was something special and worth more than the cheapest stone they can get from their source.
The more paperwork the better off you are.
Keep in mind that the average insurance adjustor is likely not going to be a diamond expert and their job is to get you to go away as cheaply as possible.
The best way to get a fair settlement is to bury them in relevant paper and the paper has to be legit or its insurance fraud and you will do jail time.
Once the diamond is gone there is no way to get the needed paperwork for a fair replacement.
-
Diamonds are my insania!
-
Veritas Vincit
A Cruce Salas
Thanks,
cwj
Its funny to come across this post now, I have been concerned about my ins. coverage every since I had my stone remounted. Heres why: when the stone was purchased, years ago, in a retail store (like a mall) the center stone was graded G si2 2.01. My problem is when it was redone, it was reappraised. The people that did the work said they r all GIA trained. They graded very strick (I think), but reguardless, I feel they gave what they think is a GIA grade, and it most likely is closer, but I don''t get the Gia cert. that goes along with such tough grading. They went from the G si2 to a I I1. So now if something happens to this ring, the ins company will shop a I i1, not a GIA cert I i1. Who knows what I will end up with. Am I making any sense? Would this concern u, what do I need to do?
I am attaching a post from the link that was suggested about appaisals. This is exactly what I am worried about.
First a little background.
I work in the computer industry and deal with insurance companies often on behalf of our clients.
This is how it works the insurance companies have preferred providers and they will try and replace your computer with the lowest end computer that they can from that provider.
Usually it will be a dell in today’s computer world.
This works for a lot of people because it is a nice upgrade but for the special purpose user or a dedicated gamer it sucks.
The systems they want to shove on you wont come close to what you had.
For example we had a client with a $3000 tv production card in his computer that got hit by lightning and fried everything on it.
The $3000 was the current price he paid over $6000 for it.
They tried to force him to take a $2000 settlement or a dell of that value.
By having us explain to them in writing why it was not a just settlement he got enough money to get a system that had the card in it.
Now you ask what does this have to do with diamonds?
Well they work the same way if you have a claim and all you have is a picture of the setting and a piece of paper saying the diamond is a .5ct g si1 you will get the cheapest .5ct g si1 diamond their preferred provider can get.
For a mall store grade original that might be good enough.
But if you put your time in here before buying it’s a rip off.
You need the paperwork to prove it was something special and worth more than the cheapest stone they can get from their source.
The more paperwork the better off you are.
Keep in mind that the average insurance adjustor is likely not going to be a diamond expert and their job is to get you to go away as cheaply as possible.
The best way to get a fair settlement is to bury them in relevant paper and the paper has to be legit or its insurance fraud and you will do jail time.
Once the diamond is gone there is no way to get the needed paperwork for a fair replacement.
-
Diamonds are my insania!
-
Veritas Vincit
A Cruce Salas
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