Insurance Question

[ashown]

I had a question about which insurance company to insure my Tiffany Novo engagement ring through. I really need to get this ring insured and after reading some advice from previous posts I looked into Jewlers Mutual. They seemed to be the best company to go through, but when I was putting together all the information they would need to finalize the process I noticed a quote that said something like, "replacing with a like item"?

The information I read through from Tiffany said to go through a company that does not replace with "like" items.

I have looked a lot but at this point I am unsure who to go through. I just want to make sure, that if anything happens to my ring I will be able to go back to Tiffany and get it replaced or fixed by them. Any advice I can obtain would be greatly appreciated. Thank you all for your time.

 

[kemurphy]

Jewelers Mutual does offer an agreed value policy for higher premiums (40% more) where you would get a check for the agreed amount if anything happens. You might want to call and ask them about this as they don't offer it on their website. I had to get the normal policy and then ask in writing for the agreed value policy.

 

[diamondseeker2006]

I think you'd be safest of all having a Tiffany ring. There is no other source than Tiffany to replace your branded ring! When there is a disagreement over the replacement item, my understanding is that they will cut a check.

 

[SB621]

"A like item" would be another Tiffany ring.

Check out what DA says in the thread below. Branded diamonds would be treated in this case as a branded ring.
[URL='https://www.pricescope.com/community/threads/question-on-insurance-claims-and-super-ideal-cuts.189118/#post-3446224#p3446224']https://www.pricescope.com/community/threads/question-on-insurance-claims-and-super-ideal-cuts.189118/#post-3446224#p3446224[/URL]