How to Locate Good Diamond Insurance

27 Sep

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When contemplating how to find good diamond insurance for your valuable diamond jewelry, there are a couple of factors you need to know about diamond insurance policies, and what they cover and don’t cover. It is a specialized sort of insurance, and your insurance agent might not have all the info he or she wants to craft a appropriate policy for you, so it is up to you to come armed with all the particulars you happen to be concerned about.

There are fundamentally 3 types of diamond insurance accessible, and these are Actual Money Value, Replacement Value, and Agreed Worth. Actual Cash Value means that your diamond will be insured at today’s actual industry rate for the diamond, irrespective of what you paid for it. Replacement Value indicates that the insurance organization will pay up to a specific quantity to replace the diamond. They could really spend lees than the policy states, as they can frequently get a better replacement deal than you can. Agreed Worth is just that you and the insurance firm come to an agreement on the value of the diamond, and that is what they’ll pay in the event of a loss. This kind is uncommon, and if you can get it, jump on it! Most instances individuals are steered into Replacement Value, but that should not be your 1st selection if you have 1. Try for Agreed Value, then Actual Money Worth first.

Most diamond insurance polices are written as riders to your home owners or renters insurance. There is 1 a lot more key issue to keep in mind, especially as regards Replacement Value insurance. Don’t opt for the insurance organizations appraiser when assessing the worth of your diamonds. They work for them, and you must know that if they set the value of your diamonds at $15,000 and immediately after a loss they find they can replace the diamonds for $5000, that is what they will do. Why that is important is that all this time you will have been paying premiums based on $15,000, not $5000. Huge distinction. Constantly insist on an independent appraiser.

Locating very good diamond insurance isn’t all that tough, but like something else when it comes to any sort of insurance, you are going to want to be armed with the details so you won’t overpay, or find yourself underinsured.

3 Responses to “How to Locate Good Diamond Insurance”

  1. Jarred February 23, 2013 at 2:56 pm #

    We are receiving compensation for a fire at a commercial property. It doesn’t include depreciation, so in order to file for the replacement value, we have been advised to set up a fictitious company that will bill the insurance company, we will receive the full replacement value, and won’t have to do the full scope of work. Is this legal?

  2. Antione July 17, 2013 at 8:12 am #

    Does anyone know where I can get a replacement top molding for a 1992 740 turbo stationwagon windshield? I have been fighting for over 2 months with AZ Diamond Auto Glass to get this replaced due to it not having come off in the first place if I hadn’t had them replace the windshield that was severely pitted in November. They tried to in a round about way say it was my fault that it had come off. I fought with them for a week until I called my insurance company about the situation because no one was ever around that could help me out. A few weeks ago I got a call about the molding stating they found it, but were unable to purchase it due to their credit card not working (comforting I know *rolls eyes*) and so they had to hunt it down again. I finally got a call last Tuesday that they had finally purchased the part. The guy came out on Saturday to replace it and notified me that they found it at a junk yard, and amazingly the part wouldn’t work due to his not having the clips to hold the part down. So I called my insurance company on Monday due to my not wanting to deal with the glass company. They informed me that the glass company said that they had the part including the clips, but I declined the part and didn’t want them to install it. Yes I will fight with your company for 2 months for a 10 dollar part and then say “Oh, never mind I don’t want it!” So, they came out yet again today and yet again the part wouldn’t work! The part is missing the rubber molding that is supposed to be attached to the hard molding, leaving a 1/4″ gap between the hard molding and the windshield itself. The technician also stated that even if the part had the soft molding he wouldn’t have installed it due to the hard molding being extremely warped. He notified me that he contacted one of the dispatchers at the company who will try and locate the part and he even said he’d try and find it himself online when he got home 🙂 anyways I don’t believe that they will actually locate this part and if they do it will be a pain for them to get it installed again. Sorry about this rant, but I am extremely irritated with AZ Diamond Autoglass…the difference is not clear the difference is crap! Ugh!
    I have already informed my insurance company about the whole situation, many, many times, they are confused as to why it is taking so long to do it. It’s all a big pain in the butt, I’m just trying to find the stupid part so, I can tell them where to get the thing because, apparently it is far too difficult for them to do it on their own.

  3. Tyson July 26, 2013 at 11:02 am #

    i am planning on going to rio de janeiro, but have heard some bad things about the crime and theft? is it true and is it safe to go.
    what is the coldest month to go, i don’t want the heat.

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