Yes, inflated insurance figures are usual but really you want to insure close to the sum you actually paid. If anything happened you would receive close to what it would cost to replace the ring, so similar to your purchase price - paying for much extra is a waste of money.Date: 4/30/2009 3:37:36 PM
Author:andrew01
I just bought a diamond for $15K but was appraised at $26K. Is this normal? Will the insurance premium be based on 15K or 26K? Anyone has experience with Statefarm? the reason i am thinking about Statefarm is because i have a homeowner''s insurance with them.
Thanks for your help guys.