Re: insuring your e-ring?
Posted by enewedding
Posted by MrsMagoo
Posted by rysie
I used Chubb and was quoted $133 per year - it covers everything except -acts of war, intentional damage and wear/tear. It does cover theft and loss! They were great to work with~
We went through Chubb also! Seems to cover the most from what I read. With my appraisal, I wanted to ensure that EVRYTHING was covered. And if I lose the ring, or as they put it 'mysterious disappearance' they will give us the value of the ring in cash, and we don't necessarily have to get the same ring or even a replacement, which was nice also.
thank you.
Can you also let me know if this covers damage?
thank you
Here's the coverage Summary:
Masterpiece® Advantages Jewelry Protection
Invaluable Protection for the Things you Cherish
Chubb's Masterpiece® Valuable Articles Coverage helps you protect your financial investment in jewelry, collectibles, china, crystal, silver, artworks, furs, antiques and virtually any other type of valuable. It offers you:
Itemized coverage. This option allows you to determine the insured value of each of your possessions. In the event of a total covered loss of an item, you will receive 100% of the insured value. There is no deductible, no depreciation, no surprises.
150% replacement cost. Chubb's valuable articles policy provides safeguards for items that appreciate. If the market value (before the loss) of an item lost or damaged in a covered loss is greater than the itemized amount listed on the policy, we will pay the market value up to 150% of the itemized coverage amount for the item.*
Breakage protection. Coverage for breakage or damage to fragile items is automatically included. This coverage is typically restricted or excluded in homeowners policies.
Coverage for 'mysterious disappearance.' Many homeowners policies don't cover valuable items that are lost or misplaced, especially when they disappear away from the home. A Chubb valuable articles policy provides coverage in these situations.
Worldwide coverage. Your valuables are automatically covered wherever you take them—anywhere in the world.
Hassle-free appraisal requirements. Unlike many other insurance companies, Chubb does not require an appraisal for every piece that you itemize. For most possessions, we simply need a description of the item and a value. We generally require an appraisal only for ******** worth more than $100,000, jewelry worth more than $50,000, and any other item valued over $25,000.
Coverage for pairs and sets. If a piece of an itemized pair or set (like earrings or a set of silver) is lost or damaged in a covered loss, you have the option to provide us with the remaining piece(s), and you will receive the coverage amount for the entire set.
Cash settlement. Unlike other insurance companies, you are not required to replace itemized valuables in the event of a loss. You can choose a cash settlement, or replace your valuables at the dealer of your choice. The decision is yours.
Coverage for newly acquired items. If you acquire a new item and already have similar articles insured with itemized coverage, your new item is automatically covered for 90 days for up to 25% of the total itemized coverage for those similar articles (maximum $50,000).
Exceptional claim service. In a recent survey of Chubb customers who reported a claim, more than 97% of respondents said they were 'very satisfied' with our claim service.
For more information about Chubb's Masterpiece Valuable Articles Coverage or to get a quote, contact a Chubb agent or broker today.
*In New York, the most Chubb can pay for a covered total loss is the amount of itemized coverage for the applicable category of valuable articles.
