Engagement ring insurance and appraisals

[mw]

In your past experience, are the appraisals provided by the well known online retailers, such as Whiteflash, BGD, James Allen, etc, typically higher than purchase price, or quite accurate?

For insurance purposes, are there any generally recommended insurers and other relevant points to consider? Are premiums typically 2-3% of purchase price?

Apologies in advance if this question has been asked before and is redundant.

Thank you.

 

[mw]

Wanted to see if there were any thoughts on these questions? Thanks in advance.

 

[mw]

Bumping to see if anyone on the forum has any past experience or thoughts on the original questions posted. Appreciate any comments from those who have past experiences or thoughts on this.

Thank you.

 

[LibbyLA]

If you use the search feature, you'll find lots of insurance threads.

 

[diamondseeker2006]

I think my insurance is more like 1% of value, but it varies depending on where you live. I think I have the best jewelry insurance and it is with Chubb, but it is not easy to find an agent who will write a stand alone jewelry policy. Most here are using Jeweler's Mutual.

I have found the insurance appraisals that come with the diamonds to be too inflated to use. I have used my purchase receipt along with the grading report to insure my diamonds. I think JM requires that you use the appraisal which just gives them a higher premium, unfortunately. I would beg your vendor to provide an appraisal that states what you PAID, because that is the value of your ring!