Insurance on a Tiffany Ring

[AStack75]

I recently purchased a Tiffany engagement ring. Now I need to get this bad boy insured.

I am not a homeowner currently although I probably will be within a year.

I am looking for a policy that would replace the ring with another Tiffany ring should something happen to this ring. Obviously, Tiffany values it''s rings higher than your mom and pop jeweler would for a comparable specification ring. God forbid something happens to the ring, what I don''t want is for the insurance to then value the ring at the lower mom and pop price. Is there something like this available? I have never insured jewelry before and would appreciate any help.

If there''s anything else that I am forgetting, please let me know!

 

[mrssalvo]

Check with Jewelers Mutual or Chubb. you can do a search here for contact info on both companies.

 

[NewEnglandLady]

Ditto. I''d go with JM or Chubb.

Should anything happen to my ring, I wanted it replaced from the exact B&M where we bought my ring, which is why I didn''t want a generic policy. JM does this, so we went with them. Chubb would have been fantastic, too, since they just write you a check and it''s much easier, but JMs policy was a tad cheaper.

 

[AStack75]

Thank you for the replies!

 

[neatfreak]

As long as your appraisal specifically says that it is a Tiffany brand ring, then they will have to replace it with a Tiffany. I second JM or Chubb. Both appear to be great companies. I made a claim with JM myself and it was VERY easy and I was allowed to work with any jeweler I wanted. And they paid my jeweler quickly and easily.

 

[butterfly 17]

I have Chubb, but I think Jewelers Mutual is very good as well. Both companies will let you choose whereever you want to go to replace your ring, except that Chubb will give you a cashout value (in the form of a check) and JM will just let you go to whomever you chose and replace up to the value of what you had your ring insured for.

With Chubb, they also allow for an additional 50% (I think) blanket policy. So that if you purchase your ring now for $25k and lose it in 5 years, they will replace it for whatever the ring will cost in 5 years, regardless if it is still only insured for the original $25K.

Chubb is a little more expensive and both companies require an appraisal. I think Chubb only requires it if you insure over $25k, but JM requires it on all items.

When you purchased your ring from Tiffany''s it should have come with a Certificate of Valuation. You can use this to insure your ring. I had my wedding band from Tiffany''s insured with the certificate of valuation from them.

If they did not give it to you, go back to the store and request one, they will mail one out to you with proof of receipt. If they did give you one and you lost it, you may have to pay for it, so in that case, I would then just get a regular appraisal.

Good Luck!!