jimtheideaman
Rough_Rock
- Joined
- Oct 11, 2006
- Messages
- 19
For my recently purchased engagement ring...
My insurance guy (State Farm) recommended a seperate insurance policy for the ring rather than include it on the homeowners policy. He said if it's on the homeowners, then it's basically only covered if it's stolen from the home.
The seperate policy will cost $90 for a year of $4500 coverage. The $4500 coverage is based on the "estimated retail value" appraisal provided with the ring purchased from BlueNile.com. This will cover most everything that might happen to the ring... prong breaks and diamond falls out, robbed at gunpoint, falls in garbage disposal, etc.
Does this all sound legit?
My insurance guy (State Farm) recommended a seperate insurance policy for the ring rather than include it on the homeowners policy. He said if it's on the homeowners, then it's basically only covered if it's stolen from the home.
The seperate policy will cost $90 for a year of $4500 coverage. The $4500 coverage is based on the "estimated retail value" appraisal provided with the ring purchased from BlueNile.com. This will cover most everything that might happen to the ring... prong breaks and diamond falls out, robbed at gunpoint, falls in garbage disposal, etc.
Does this all sound legit?