insurance?

[robxpark]

hey guys.

i just bought an engagement ring from b2c jewels.

what insurance do you recommend?

also, the ring came with an appraisal card but the amount is almost double what i paid.

should i get another appraisal from a local jeweler?

thanks for the help! i really appreciate it!

 

[kenny]

http://www.jewelersmutual.com is the most recommended insurance company here on PS.

Your premium will be based on the diamond's value.
I'd ask Jeweler's Mutual if you can use the receipt to establish value.

 

[denverappraiser]

Your premium will be based on the entire item's value, not just the diamond. Sometimes this difference is tiny, sometimes it's important. It depends on what you have. Replacement values are routinely more than discount transaction costs but double is usually a bit much and raising the value declaration above the cost to actually replace doesn't do anything other than raise your premiums. If YOU can replace it for $xxx, chances are good that they can too.

The company's behavior in the case of a loss is going to be based on the description and the photographs provided in the appraisal, not the value conclusion.