ring insurance

[dreamvibes]

Hi everyone,

I’m curious as to how many of you have your erings insured?

 

[MikeRato1]

everyone?

 

[Miss Fortune]

I do. $330/yr.

 

[rogeshoe57]

I just insured my with CHUBB last month, which i hear/read is the best insurance on the market. They pay you actual cost of the diamond, cut you a check for amount negotiated/paid, rather than replacement value which most companies do, which if they can get a cheaper stone and replace it they will, meanwhile you are paying premiums on a higher value of what the diamond was appraised. It may be hard to get CHUBB insurance. Alot of the CHUBB local contracted vendors will not sell it to you, because they dont'' make alot of money. So they try to sell you home insurance in order to give you jewelry insurance. Fortunately, Blue Nile is partnered with CHUBB, so I was able to get a standalone policy with CHUBB. I actually am wondering if Whiteflash or GOG has a contract with CHUBB? Hope this helps.

 

[LegacyGirl]

I''m currently trying to get insurance. Waiting for appraisal to come in the mail now...

 

[lala0306]

I have loose stone and setting insured right now through jeweler''s mutual, will likely move to Chubb once the ring is set b/c I want the option of a cash payout...I paid $274 for the year with j mutual...I wouldn''t even think of not having insurance...

 

[denverappraiser]

Insurance is a good idea for most people but it depends on your lifestyle and your finances. Mostly it costs between 1%-3% per year of the declared value depending on your zip code and what sorts of coverage you want. Replacement type policies are usually a fair amount less expensive than the cash out policies. Getting the appraisal properly done can save you a bunch on your premiums, especially if you get a replacement type policy. Talk to your appraiser about it.

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

 

[Pandora II]

Absolutely.

If you can''t afford to painlessly replace something then you need insurance.

I have mine as a rider on my house insurance - global all risks costs me around $120 a year.

 

[Maisie]

I have mine insured on my home insurance too.

 

[honey22]

MIne is insured through my house insurance too. It''s around the $170 dollar mark per year, for unconditional, pay out the figure I insured it for cover.

 

[rogeshoe57]

CHUBB is charging me $180 a year for a $10k stone. It''s only a few dollars more for a much better insurance.

 

[diamondringlover]

Mine is insured thru my homeowners as well.