Insuring loose stone while in-transit to jeweler

[dasman08]

Did a search on this but didn''t find the specific answers I needed:

GemShield will not insure loose stones (just spoke to them).

I''ve read that Chubb might - if I can find an agent, and one who will sell a policy for just the stone.

I contacted JM and they said they *will* insure the loose stone, as long as it is intended to be mounted and I get a blurb from the jeweler attesting to same.

I have read that many jewelers will cover the stone while it is in their possession.

Will FedEx cover the stone in-transit (overnight, not ground)? Or should I get the JM policy now? Any caveats with JM?

 

[girlie-girl]

I don''t believe Fed-ex offers insurance coverage like that. I found this page for you:

http://www.fedex.com/us/services/terms/us.html#liabilitylimits

The most secure way to ship the stone, albeit one of the slower ways, is to send it US Postal Service Registered Mail, Insured.

 

[denverappraiser]

If you’re shipping from and to a US address, US Postal Service registered mail is the most secure and insurable method available for shipping.

Neil Beaty
GG(GIA) ICGA(AGS) NAJA
Professional Appraisals in Denver

 

[dasman08]

Thanks guys. Really appreciate the n00b tolerance and advice.

I went ahead and took out a policy from JM. As long as it is being set eventually, they *do* cover the loose stone while it is in transit, and while it is being set. So once I get the description of the setting from Maytal and get it to them, I''ll be fully covered.

Since it''s just the loose stone and I''m not going to die if it has to be replaced by Mark (and my timeline is tight since I only have 14 days to return the stone if Maytal doesn''t think it will work for this setting and she''s out of town all next week), I''ll be able to FedEx the stone probably tomorrow without worrying about registered mail.