asscherisme
Ideal_Rock
- Joined
- Mar 6, 2006
- Messages
- 2,950
Hi,
I was reading whiteflash''s jewelery insurance link and it made me think about something that has been concerning me for a while. It had a statement on the touchstone insurance website that a good reason for holding your insurance on a seperate policy is so it does not put your homeowners rates or even eligability at risk should you have a loss. I have been concerned if I had a loss, would I be risking my homeowners.
Right now, we have our car and homeowners as well as term life on State Farm. If I were to lose a $25K ring and claim it, is a loss a loss and would my homeowners or car insurance go up? Or if I were to lose my 5K cartier watch would I even report it for fear of my other rates go up? Even something smaller, such as if I lost a side stone in a diamond/gemstone ring I have, to replace the 1/2ct side diamond would cost enought to hurt, and that what insurance is for right? But if I ''m afraid of other things going up or even being cancelled?
My insurance is on a rider policy and listed each by itself.
Now, if I were to switch my jewelry to say jewlers mutual or chubb would that take that risk of my howeonwers away? Or in this day age, do insurance companies keep track of each others data bases anyway? I know when you look at th application, it asks do you have other policies and have you ever had a loss? Thank goodnes Ihave not had a loss.
I have always figured jewelry is for enjoying and insurance on it is so that you can wear it without fear so if something happens you can replace it.
But I''ve had this little fear of risking my other policies.
I can''t risk not being without homeowners insurance!!
What are your thoughts on this?
Anybody ever have a claim on a policy that IS on the same company as homeonwers and car and was it affected?
I was reading whiteflash''s jewelery insurance link and it made me think about something that has been concerning me for a while. It had a statement on the touchstone insurance website that a good reason for holding your insurance on a seperate policy is so it does not put your homeowners rates or even eligability at risk should you have a loss. I have been concerned if I had a loss, would I be risking my homeowners.
Right now, we have our car and homeowners as well as term life on State Farm. If I were to lose a $25K ring and claim it, is a loss a loss and would my homeowners or car insurance go up? Or if I were to lose my 5K cartier watch would I even report it for fear of my other rates go up? Even something smaller, such as if I lost a side stone in a diamond/gemstone ring I have, to replace the 1/2ct side diamond would cost enought to hurt, and that what insurance is for right? But if I ''m afraid of other things going up or even being cancelled?
My insurance is on a rider policy and listed each by itself.
Now, if I were to switch my jewelry to say jewlers mutual or chubb would that take that risk of my howeonwers away? Or in this day age, do insurance companies keep track of each others data bases anyway? I know when you look at th application, it asks do you have other policies and have you ever had a loss? Thank goodnes Ihave not had a loss.
I have always figured jewelry is for enjoying and insurance on it is so that you can wear it without fear so if something happens you can replace it.
But I''ve had this little fear of risking my other policies.
I can''t risk not being without homeowners insurance!!
What are your thoughts on this?
Anybody ever have a claim on a policy that IS on the same company as homeonwers and car and was it affected?