Date: 4/14/2009 11:00:25 PM
Author: peaches
Date: 4/14/2009 8:53:35 AM
Author: sazza
I have Chubb. It covers losing little stones out of my setting, damage, loss, theft, basically everything except for deliberately damaging it yourself. Their engagement ring coverage is for rings 15k and over BUT I got a policy for my engagement ring and got blanket insurance for the rest of my jewelry up to the 15k mark and I''m still only paying $150 a year.
I haven''t had to make a claim, thankfully, but I''ve heard it is easy. I bring my ring into the jeweler of my choice and my agent sends them a check for the repairs/replacement. There are no deductibles. My setting is an antique, and I''m a little fuzzy on how this works but my agent also said that if something happens to my ring that Chubb would have the setting remade and would pay up to 150% of the value of the ring to have it remade.
I know I called USAA and State Farm and both were the same price as Chubb except they would replace with like kind... which meant they would send me whatever stone/setting they thought was close to mine. I''m too much of a control freak for that!
Hope this helps
Hmm...I have USAA now but something told me it might be a better idea to have a separate policy for my e-ring. Looks like my instincts were dead on! Not into that ''like kind'' replacement policy.
I posted this in another thread yesterday, but thought it might help...
I have USAA, and just had to work with them when my ring was stolen. They were fabulous, as we have experienced with everything we do with USAA.... banking, renters, life, auto, brokerage, you name it.
All you need to do is have a reputable appraisal, and when you call to add the policy, send the appraisal to them, and ask them over the phone to add ALL of the details to the description; mm size, crown angles, table %, you name it, metal content of the ring, sidestone info, everything. And insure it for what you really would have to pay to replace it; around here, in San Francisco, that''s pretty steep! I found myself insuring my new OEC ring for way closer to retail than I had with my last ring, because it is not as easy to replace an antique as a newly cut stone from an online vendor.
They did offer to send me a stone to view, but I told them that my asscher diamond took me loads of research to find and the odds of me liking their generic whatever diamond was 0%. I told them nicely that it would be a waste of both of our time, and they didn''t press it... did the replacement research and cashed out at 100%. Even if they do send you a stone to view, you absolutely can refuse it if you don''t like it.
I did not research other insurance, so I can''t speak to how they compare; but I wouldn''t worry about the replacement thing. What are the odds that they will find an antique stone in the EXACT color and EXACT size with the EXACT #''s? Zero!
Good luck!