On 5/28/2003 6:572 PM RockDoc wrote:
Insurance companies will accept just about anything... but when it comes claims time, then they will study the "appraisal" with a fine tooth comb.
This is interesting as I have read in past threads from customers as well as I believe from a reputed vendor or two that the insurance company takes what you send them, scans it into their systems and then throws away the hard copies. Is that true? If so, what would they have left to go over with a fine tooth comb except the scanned copy of whatever you sent?
When I insured my ring with Chubb, they told me to just send over the one piece of paper that had the total amounts of worth on it. I asked if they needed the appraiser's resume or the entire appraisal (around 20 pages) to be sure that she was legit etc etc and they said no they only need the one sheet that has the 'this ring is worth x and has a, b, and c type stones in it'. So I sent over what they asked.
In this example, what would the insurance company go over? My one sheet of paper with information on what sort of ring I have?
Just a thought.... ???