I just bought a ring from WhiteFlash and Jeweler's Mutual offers you coverage without need for an appraisal. However they are valuing the ring about $5,000 more than what I paid for it.
Of course this increases my premium which seems to be a bad thing. But is there any upside to having an inflated valuation for insurance purposes?
Of course this increases my premium which seems to be a bad thing. But is there any upside to having an inflated valuation for insurance purposes?