GemShield vs. Chubb

[Kissmark]

Hi I know this has been posted multiple times but just want to see if there is any new inputs. I got a quote for both and GemShield premium is 1.5% and Chubb is 1.85% of the insured value. Is it worth the extra money to go with Chubb? Thanks very much

 

[shlo_mo_shun]

Interesting.... I just got (today) a Chubb quote for my ring and it was at 1.4% of the value. Not sure what I did right to get that. Just submitted my appraisal and David at Touchstone called me back with the rate. It was about the easiest part of this whole process. I guess the 'location' does make a decent difference.

Assuming your ring is less than 20k, you're talking about less than $70/yr difference. You decide if the cash-in is worth that.

 

[denverappraiser]

Go with the Chubb. At identical prices, almost everyone will agree that it’s a better product because of their claims handling procedures so the question becomes one of deciding what is the acceptable extra premium before this would flip. This will be different for different people but it’s almost always more than 0.35%/yr. What’s the quote for the same limits from JM (quotes are free online at www.jewelersmutual.com)?

Chubb may be getting more aggressive on their pricing or it may just be that you live in the right neighborhood. 1.4% is a really good rate for them.

Neil Beaty
GG(GIA) ICGA(AGS) NAJA
Professional Appraisals in Denver

 

[Kissmark]

Date: 7/26/2007 7:39:14 AM
Author: denverappraiser
Go with the Chubb. At identical prices, almost everyone will agree that itfs a better product because of their claims handling procedures so the question becomes one of deciding what is the acceptable extra premium before this would flip. This will be different for different people but itfs almost always more than 0.35%/yr. Whatfs the quote for the same limits from JM (quotes are free online at www.jewelersmutual.com)?

Chubb may be getting more aggressive on their pricing or it may just be that you live in the right neighborhood. 1.4% is a really good rate for them.

Neil Beaty
GG(GIA) ICGA(AGS) NAJA
Professional Appraisals in Denver

Hi Neil,

JM online quote gave me 1.6%, so it''s in between GemShield and Chubb. Thanks for your suggestions, seems that it make more sense to go with Chubb in this case.