shape
carat
color
clarity

Diamond Insurance

Discussion in 'RockyTalky' started by imjulia, May 11, 2001.

Thread Status:
Not open for further replies. Please create a new topic or request for this thread to be opened.
  1. imjulia
    Rough_Rock

    Messages:
    4
    Joined:
    May 13, 2001
    by imjulia » May 11, 2001
    I just purchased a stone (with the knowledge I learned from this site, thank you very much!) and promptly took it for an appraisal and sent the papers to my Allstate agent. He said he would put a "rider" on my homeowners policy for the stone, and is going to charge me $16 PER thousand (of appraised value) PER year!!! Incidently, I have my auto policy with this agent also, so I do get multiple policy discounts. Obviously not on the diamond though. It seems to me that my diamond should not cost more per year than the contents of my home!!! Am I getting ripped off? Help!
     
    


    


  2. lawmax
    Brilliant_Rock

    Messages:
    1,317
    Joined:
    Dec 31, 1999
    by lawmax » May 11, 2001
    Hi,Congratulations on your purchase!As you know, you live in an area where insurance and other things are quite expensive.As long as you're looking into insurance and the replacement policy you're looking at is quite expensive, you may as well check out Chubb Insurance, www.chubb.com. Their insurance is Agreed Value which means that if you have a loss, they pay you in cash so you can buy whatever you want. With the replacement type, they get to choose what diamond will replace the one you lost.Good luck,lawmax [​IMG]
     
  3. imjulia
    Rough_Rock

    Messages:
    4
    Joined:
    May 13, 2001
    by imjulia » May 11, 2001
    Wow! 3X! Ouch! Perhaps I should just buy an additional stone for my own "insurance"-ha!Thanks for the info!
     
  4. Garry H (Cut Nut)
    Super_Ideal_Rock
    Trade

    Messages:
    14,541
    Joined:
    Aug 15, 2000
    by Garry H (Cut Nut) » May 11, 2001
    Our insurance down under is more like +3 times that amount [​IMG]
     
    


    


Thread Status:
Not open for further replies. Please create a new topic or request for this thread to be opened.

Share This Page