I know this isn't the first thread on this topic, and I have tried to read many of them from the last 5 years or so.
From what I have learned so far, my only options in Canada (Ontario) are: home insurance and Jeweler's Mutual.
I will still have to get hold of a claims specialist of my home insurance tomorrow in order to make my final decision, but after initial research Jeweler's Mutual seems like the cheaper option and the coverage seems pretty comprehensive. I also appreciate that as Canadian I would be able to get a replacement from the US (which is where I bought the diamond). In addition it sounds great that I can get the loose diamond insured while it is being set at a local jeweler.
My questions:
(1) For all Canadians, what are your experiences with home insurance vs Jeweler's Mutual?
(2) Is there anything I need to be aware of about Jeweler's Mutual' coverage? For example, what would happen if my fiancee loses her ring on a trip abroad? Would we still get insurance once they replace the ring? From what they said it sounded like their rates wouldn't change in case of replacement but insurance would have to be approved by a specialist... Are you traveling abroad with your valuable jewelery?
Thank you in advance!
From what I have learned so far, my only options in Canada (Ontario) are: home insurance and Jeweler's Mutual.
I will still have to get hold of a claims specialist of my home insurance tomorrow in order to make my final decision, but after initial research Jeweler's Mutual seems like the cheaper option and the coverage seems pretty comprehensive. I also appreciate that as Canadian I would be able to get a replacement from the US (which is where I bought the diamond). In addition it sounds great that I can get the loose diamond insured while it is being set at a local jeweler.
My questions:
(1) For all Canadians, what are your experiences with home insurance vs Jeweler's Mutual?
(2) Is there anything I need to be aware of about Jeweler's Mutual' coverage? For example, what would happen if my fiancee loses her ring on a trip abroad? Would we still get insurance once they replace the ring? From what they said it sounded like their rates wouldn't change in case of replacement but insurance would have to be approved by a specialist... Are you traveling abroad with your valuable jewelery?
Thank you in advance!