by Guest » Sat Oct 11, 2008 04:41 am
Hi,
Is there any insurance to cover my diamond ring? Would it come under the cover of my home owners?
Crossbreed
Is there any insurance to cover my diamond ring? Would it come under the cover of my home owners?
Crossbreed
Posted: Sun Oct 12, 2008 02:03 pm Post Subject:
Sorry I don't mean to sound stupid but I guess if you don't ask you will never learn..So a stated amount is per say..My ring was worth x amount of dollars? If you had a copy of a reciept does that give you evidence of the value?
Posted: Sun Oct 12, 2008 06:36 pm Post Subject:
There are NO stupid (geniune) questions...a state amount or scheduled item is one that is insured for up to or a certain amount...for instance i have a inland marine policy on four pieces of jewelry my husband bought for me 3 rings one necklace...each one has it's own stated amount (10k, 3k, 500 whatever) each also has it's own appraisal...if they are stolen I collect that amount....(that's on a inland marine)....a receipt would work if they aren't scheduled and you say have a fire....and maybe on theft..the problem with HO policys is most have a limit on certain property (jewlery fire arms, collectables) for 1k limit for the peril of THEFT some maybe on other perils as well...that's why I got the inland marine when he bought me this really nice (big) rock for our 11th anniversary (we were really broke on the 10th! haha)...because I knew if it were stolen I'd get 1k only and it is worth substantially more than that..
Posted: Mon Oct 13, 2008 01:45 am Post Subject:
Thanks for explaining. Congrats on the rock. I will have to let my hubby read this post LOL. So now that I understand that part how do you get an "inland marine"? Is that a name of an insurance company or what? I do have alot of jewelry that is worth something. It was my hubbys favorite gift up until the accident and funds kind of got tight.
Another thing that really has been upsetting me is why my insurance company never explained these things when we got our policy. I have learned soo much from here (by asking questions). I have never felt so underinsured in my life.
Posted: Mon Oct 13, 2008 09:18 am Post Subject:
No an inland marine is a 'type' of policy, like an auto or boat, or home....it's a goofy sounding name I'll certainly agree...and it's perils are much better...for instance my inland marine policy costs about 100 a year for a total of I think 20k in coverage....mine even covers 'mysterious disappearance' of the rock...meaning if a diamond falls out...you'll want to check around on both the premiums and the coverages....
(my husband likes buying jewelery too, finally got to a point I had to say, 'look this is sweet and all and I love ya' but no more' :lol: :wink: )....
Posted: Mon Oct 13, 2008 10:49 am Post Subject:
I asked my hubby and he said the rings and stuff are covered at the store if a rock or anything falls out but if anything else happens he isn't sure only that homeowners covers so much. Now do you get these coverages right at the jewelry store or through home owners insurance itself?
I know what you mean about the jewelry thing...between that and flowers. Sometimes it does get to be the same old, same old.
Posted: Mon Oct 13, 2008 11:25 am Post Subject:
I asked my hubby and he said the rings and stuff are covered at the store if a rock or anything falls out
these usually have a stipulation that you have to have it inspected every 12 months you might want to look at the paper work on the ring...an inland marine can be purchased from the same agent you bought your ho policy from....
know what you mean about the jewelry thing...between that and flowers. Sometimes it does get to be the same old, same old.
Bless their hearts it's the thought that counts, and if they see you like something...you're gonna keep getting that FOREVER... :lol:Posted: Mon Oct 13, 2008 01:30 pm Post Subject:
The "policy" at the store is just like you said; for cleaning, inspection, if a rock falls out, etc. Your HO policy will cover loss, theft, etc.
Same old, same old? Really? I buy my wife jewelry all the time - she never gets tired of it.
Hmmmm....
Posted: Mon Oct 13, 2008 08:41 pm Post Subject:
Gotcha thinking don't we life????
I know bless all hubbies hearts...yes even yours life...giggle,giggle.
Posted: Tue Oct 21, 2008 05:40 am Post Subject:
So does that mean an inland marine policy is an expensive one? I have quite some pieces of jewelry which I had never thought of insuring. After I came across this forum I guess I should get in touch with my insurance agent. But what would I get coverage for? Theft? Loss of jewelry or any kind of damage?
Posted: Tue Oct 21, 2008 09:09 am Post Subject:
The inland marine I have is all risk...check with your agent...minimally you would not have the limit for theft etc that you would have on your ho policy...personally I think it's pretty cheap, considering it's all risk
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