I just got my engagement ring and now I'm looking to insure in. I've heard several good things about Jewelers Mutual and am planning to use them (please chime in if you have heard otherwise, I'm open to suggestions). My question is, how much do I insure it for....the actual total cost of what I paid or the appraisal (which is several thousand dollars more and includes 5 years of inflation)? It would cost me $83 less to insure for what I actually paid. Essentially I'm wondering why I should pay a higher premium for an appraisal. What is your recommendation and why? Thanks!