Jeweler''s Mutual vs. Chubb Insurance- Price Difference?

[Ms.Goggles]

Hi everyone! I know there are a million previous posts on JM vs. Chubb but my question is a little different. Every post I have read has mentioned that Chubb costs more than Jeweler''s Mutual but we were quoted the exact opposite!

We are looking to insure my e-ring, which has an approximate value of $16,500. The JM agent quoted a price of $350/year & any replacement would be paid directly to the jeweler with whom we would choose to work.

Chubb quoted $246, covers all of the same (loss, theft, damage) & I believe they cut a check directly to the consumer.

Can anyone think of any reason why the Chubb policy could be this much lower than JM? We are thinking we''ll go with Chubb!

Thanks everyone!

 

[Miss Fortune]

Date: 1/28/2009 9:45:16 PM
Author:Ms.Goggles
Hi everyone! I know there are a million previous posts on JM vs. Chubb but my question is a little different. Every post I have read has mentioned that Chubb costs more than Jeweler''s Mutual but we were quoted the exact opposite!


We are looking to insure my e-ring, which has an approximate value of $16,500. The JM agent quoted a price of $350/year & any replacement would be paid directly to the jeweler with whom we would choose to work.


Chubb quoted $246, covers all of the same (loss, theft, damage) & I believe they cut a check directly to the consumer.


Can anyone think of any reason why the Chubb policy could be this much lower than JM? We are thinking we''ll go with Chubb!


Thanks everyone!

Not sure but maybe I should be getting quotes from chubb! I just talked to JM today about insuring my new wedding band. I''m interested in what folks have to say. I say go with Chubb!!! that''s a $100 difference!!

**off to find chubb''s website!**

 

[Marley2984]

Do you have a homeowners policy with them??? Maybe thats where the cheaper rate comes from? I just called a 3 Chubb agents that I found on their website in my area and was told I couldnt get insurance without a homeowners policy with them. No standalone jewlery policy

 

[denverappraiser]

Policy prices will vary from location to location and they can change over time. Assuming your quotes are correct and there's no zingers like a huge difference in the deductible or something, I would go with Chubb too.

Ps. Where are you?

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