by dallasstar12 » Feb 1, 2010 Hi everyone, I have been reading some of the threads on various insurance policies, and a number of the threads are significantly older and was hoping someone has more recent information on experiences with insurance policies and comments (positive or negative) on repair/replace policies (e.g. GemShield) versus cash-back policies (e.g. Chubb). The typical repair/replacement policy is appealing because the annual cost is significantly lower than a cash-value return policy. However, what concerns me are the policy terms of the replacement policies which state they will replace the loss with a "like kind and quality"...This policy language seems very vague and subject to abuse in the event of a loss. Has anyone ever had a positive/negative experience with GemShield or any similar replacement policy on a claim? Any recommendations on a good insurance policy to go with? A policy with worldwide coverage is crucial. Thanks to all!