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Insurance issues?

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Rockford

Rough_Rock
Joined
Apr 8, 2002
Messages
20
Hello, I'm in the process of procuring a stone for an e-ring. Ergo I'm starting to think about insurance of said too.
What's the low-down here? Does it just go under your "regular" home contents insurance or do you need a dedicated policy for the ring? Depend on the company maybe?
I'd be curious to hear if there are any special things I should be looking out for from people who've been there.
Thanks.
 

Richard Sherwood

Ideal_Rock
Joined
Sep 25, 2002
Messages
4,924
Most homeowner's policies automatically cover jewelry contents up to $1,000. For anything over that you have to submit an appraisal and get what's called a "rider".

The cost is usually in the neighborhood of $15 to $18 per thousand, per year.
A $10,000 rider would cost you approximately $150 to $180 annually.

Rich, GG
Sarasota Gemological Laboratory
 
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