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state farm insurance

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icey

Rough_Rock
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Jun 18, 2003
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Anybody have experience with them?good or bad?
I know Chubb gives cash back,but SF claims to replace with "like quality"...is this risky if you insure with them a Tiffany ring( obviously I would want a Tiffany ring as replacement)...nor would they state so in the contract, they can only verbally reassure me.Should I worry?
 
I have been insured with state farm for a few years now, not on a ring, but on auto, renters and a 5000 dollar necklace, the necklace was stolen in a break in, and they replaced it exactally and I was very happy with it (luckily I found the necklace again). Anyway, my experience was great, but as far as a tiffany, I would ask around A LOT before making that decision, but I would think that they would be okay with replacing it if anything happened.
 
Read up on some posts in the archive on this issue...this would be similar to someone who bought an ACA or a SC stone and wanted to be sure that a loss was replaced with the SAME BRAND stone, since Tiffany is a brand it would most likely be considered the same thing. It's a little tricky and they don't *guarantee* anything (we have SF for our renters & personal policies, etc but went with Chubb for the jewelry) which is why we went with Chubb--I just didn't want to have to worry about the ring at all and with Chubb we pay a few bucks extra a year for that peace of mind.

Good luck!!
 
We have State Farm auto insurance and I've been looking at their renter's insurance and valuable article policies. I decided to go with Chubb. I've been dealing with Dave Stone (recommended by RockDoc) who is a great guy and definitely knows his valuable article policies.

Yes, Chubb does have a cash payout, which is probably better. They just cut you a check for the value of the policy. They also have a 150% market value payout if you replace the ring yourself (meaning they'll pay up to 150% of your policy value if you actually replace your ring with the same quality and the market value has gone up). They also have very straitforward exclusion clauses. It seems like a pretty low-BS policy. Throw in the fact that you're looking at ~$200 per year for $10,000 insurance (which means you've only paid 20% of the insured value after 10 years) and it seems like a pretty reasonable deal to me.
 
If you read Diamond talk (one word).com you will see Pookarina had a fiasco with them which has been corrected now but she had to fight for it. It was partly her fault. She has now changed over to Chubb I believe.
 
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