- Joined
- Dec 3, 2011
- Messages
- 10,051
My ering has been insured by JM since its purchase. My plan states that JM will pay for a diamond and setting of like or better specs -- which is great! Here's the thing... DH isn't happy with our premium. He thinks it's "way too much" and that "we'll pay for the ring several times over and never use the policy."
My thoughts are that it's insurance -- good insurance -- and peace of mind. I would just say "whatever" and go on with it, but it's really starting to cause some friction... so I figured I'd ask for the advice of other PS members.
Our annual premium is $588, and I didn't have a problem with it, but the hubbs is having a fit. He's okay with having a lesser coverage, since we have agreed to put the money we would save by switching providers into a separate account to use if the unforeseen happens and we find ourselves replacing my ring.
The JM policy is based on the appraisal, which we all know is inflated. Would it be a good idea to decrease our coverage with JM? Will they even do that? Should we consider another insurance company? If so, can someone recommend one? What are some of your experiences with your insurance provider -- good and bad? Any and all suggestions are welcomed.
Thanks in advance.
Our annual premium is $588, and I didn't have a problem with it, but the hubbs is having a fit. He's okay with having a lesser coverage, since we have agreed to put the money we would save by switching providers into a separate account to use if the unforeseen happens and we find ourselves replacing my ring.
The JM policy is based on the appraisal, which we all know is inflated. Would it be a good idea to decrease our coverage with JM? Will they even do that? Should we consider another insurance company? If so, can someone recommend one? What are some of your experiences with your insurance provider -- good and bad? Any and all suggestions are welcomed.
Thanks in advance.