Jewelry insurance question?

[Candygrl]

I currently insure my ER and WB through USAA, my question is, is it worth it to insure a pair of studs that cost $1,200 with an appraisal of $2,000? Seems like it might not be worth it. TIA

 

[kenny]

It depends on you.

Some people would, others wouldn't.
Even if the majority made one decision, you may not want that.

 

[WillyDiamond]

The answer depends on you......if the loss of the earrings will cause a financial hardship, then insure them. If they do not create a financial hardship, then don't insure.

 

[recordaras]

Have you received a quote from them? Their rates are so low it would be insane NOT to insure!
We currently have a $2K ring insured for under $25/year, with no deductible.

 

[Candygrl]

Recordaras you are right, I went ahead and insured them for what I paid for them. It ends up being an annual difference of $19 lol.

 

[recordaras]

They are awesome.

 

[SCARLETTE]

From reading a few postings about them, some PS'ers were saying that for the jewelry insurance side, they can actually insure anyone (not just people affiliated with the armed forces). Does anyone know for sure because I certainly would love to have another choice with a stand alone policy?

 

[recordaras]

From reading a few postings about them, some PS'ers were saying that for the jewelry insurance side, they can actually insure anyone (not just people affiliated with the armed forces). Does anyone know for sure because I certainly would love to have another choice with a stand alone policy?

I'm pretty sure that's not the case, unless something has changed very recently.
In fact, they used to provide banking services to non-military people (insurance was always reserved for military), but several months ago stopped accepting new non-military members. I got grandfathered in to the banking, since I've had a checking account with them for years, but when we insured my ring about 6 months ago I had no access to any insurance options, and my fiance had to do it through his account.

ETA: "You will need to have a USAA Homeowners or Renters policy to purchase a Valuable Personal Property (VPP) policy on usaa.com.3 You can learn more about those policies at the end of your VPP quote." (from their website)

 

[SCARLETTE]

ETA: "You will need to have a USAA Homeowners or Renters policy to purchase a Valuable Personal Property (VPP) policy on usaa.com.3 You can learn more about those policies at the end of your VPP quote." (from their website)

Yup, I just went to their website and read that, too. I then clicked on the customer reviews for their homeowners insurance and not all reviews are rosy (to say the least) so I think I will pass and stay with what I've got.

 

[LoveLikeCrazy]

A little OT but I have my loose diamond insured through USAA. Their rates were higher than perfect circle. Is there any benefit to going through USAA that is not afforded through PC?