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Homeowners Insurance or Jewelers Mutual??

NTave

Shiny_Rock
Joined
Aug 15, 2011
Messages
279
Forgive me if this has been asked before, Im new but have been lurking and gathering all your incredible info for months now. We are very close to purchasing a round brilliant AGS ideal H&A in a Tacori setting and I would like to know if its better to just underwrite in in my homeowners policy or go with a Jewelry insurance like JM??
I had JM insurance on a previous piece, but let it run out when I stopped wearing it as it wasnt worth that much to replace vs paying the premium for years and years..this particular stone and setting is much more pricey for us and I do need insurance to feel comfortable wearing it. Thoughts?
 

nfowife

Brilliant_Rock
Joined
Mar 15, 2011
Messages
544
If the policies are the same (replacement, deductible, etc.) I'd go with whatever is less. Which will probably be your homeowners. I have a personal valuable property policy for my e-ring with my homeowner's insurance carrier (USAA) but it is a standalone policy for that item of jewelry. There is no deductible and since I have lost my e-ring in the past and was very satisfied with how USAA handled it I went that route again. It was $100 cheaper per year for the same coverage.
 

centralsquare

Ideal_Rock
Joined
Jan 18, 2009
Messages
2,201
I would look at prices / policies. I don't think there is a strict right answer...it's really what coverage / cost tradeoff works for you.
 

pregcurious

Ideal_Rock
Joined
Mar 18, 2009
Messages
6,724
It will depend on your items, what type of coverage you want, and sometimes your total policy. JM has a steep discount for items you keep in a safety deposit box (suitable especially for heirlooms you don't wear). When I looked into USAA, they did not have this as an option.
 

nope

Rough_Rock
Joined
Jul 3, 2011
Messages
10
I just bought a policy from USAA the other night. Glad you had/have a good exp with USAA. I am paying roughly around 12 bucks a month for my gf's ring she doesn't know about :)

The process from USAA was painless
nfowife|1313606187|2992727 said:
If the policies are the same (replacement, deductible, etc.) I'd go with whatever is less. Which will probably be your homeowners. I have a personal valuable property policy for my e-ring with my homeowner's insurance carrier (USAA) but it is a standalone policy for that item of jewelry. There is no deductible and since I have lost my e-ring in the past and was very satisfied with how USAA handled it I went that route again. It was $100 cheaper per year for the same coverage.
 

centralsquare

Ideal_Rock
Joined
Jan 18, 2009
Messages
2,201
nope|1313632788|2993048 said:
I just bought a policy from USAA the other night. Glad you had/have a good exp with USAA. I am paying roughly around 12 bucks a month for my gf's ring she doesn't know about :)

The process from USAA was painless
nfowife|1313606187|2992727 said:
If the policies are the same (replacement, deductible, etc.) I'd go with whatever is less. Which will probably be your homeowners. I have a personal valuable property policy for my e-ring with my homeowner's insurance carrier (USAA) but it is a standalone policy for that item of jewelry. There is no deductible and since I have lost my e-ring in the past and was very satisfied with how USAA handled it I went that route again. It was $100 cheaper per year for the same coverage.
Interesting...USAA seems that it may even be cheaper than homeowners. Thanks for sharing!
 

Amys Bling

Super_Ideal_Rock
Joined
Jun 25, 2010
Messages
11,025
Great question. I've been wondering myself if I should switch to a separate policy or keep it on my homeowners.
 
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