Not sure if everyone knows but for insurance reasons i figured i would share i went to the jewelery store the other day and i was thinking of getting another setting( very long story King Richards Jewelers s**k) Anyway they looked at my diamond and asked how much did you pay for it ,we paid $$$$ now its worth $$$$$ its insane. so im not sure if that effects the insurance you have on it already? does anyone know? TIA
MrsMagoo
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Member since
Re: The price of diamonds has gone up.....
I know that within my insurance policy, it states that if the value of diamonds/gold/etc goes up, then they can pay out up to 150% of the appraised value of my ring at the time that it was insured.
vmystique33
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Re: The price of diamonds has gone up.....
cool thx. I didnt get it insured yet where should i go??TIA
KD1279
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Re: The price of diamonds has gone up.....
Posted by vmystique33
cool thx. I didnt get it insured yet where should i go??TIA
State farm insurance gave us a great quote.
MrsMagoo
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Member since
Re: The price of diamonds has gone up.....
I have mine through Chubb Insurance. They are a little more than others, but their policy I think is one of the best. You can look it up here...
Actually the price of my insurance went up this year. It was only $18 but still went up.
soontobmrsn
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Re: The price of diamonds has gone up.....
my uncle is a jewler and he advised FH and I always to get REPLACEMENT insurance this way when the price skyrockets you won't lose out by just getting the $$$ and having to buy a smaller ring HTH
heatherandrichie
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Re: The price of diamonds has gone up.....
I can't find a company in Florida who will insure just my ring. They can insure my home and ring well no kidding!
Can anyone help?
milana
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Re: The price of diamonds has gone up.....
Yes the price of my insurance went up only because i changed the setting of my eng. ring a bit.
EverlovingEv
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Re: The price of diamonds has gone up.....
check out jewlers mutual that's who i'm insured with
futrmrsblt
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Re: The price of diamonds has gone up.....
I second jewelers mutual ... thats where i have mine through too!
my rings insured, but my apartment isn't haha go figure
jenafee
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Re: The price of diamonds has gone up.....
KD1279
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Re: The price of diamonds has gone up.....
Posted by jenafee
Posted by kdecamp
Posted by vmystique33
cool thx. I didnt get it insured yet where should i go??TIA
State farm insurance gave us a great quote.
Us too! Better than our homeowners insurance!
Us too thats crazy!!!
jenafee
Posted:
Member since
Re: The price of diamonds has gone up.....
Posted by kdecamp
Posted by jenafee
Posted by kdecamp
Posted by vmystique33
cool thx. I didnt get it insured yet where should i go??TIA
State farm insurance gave us a great quote.
Us too! Better than our homeowners insurance!
Us too thats crazy!!!
I know!!
TnOiOnL
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Member since
Re: The price of diamonds has gone up.....
My ring is insured under my parents home insurance- All State
SeptBride70
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Re: The price of diamonds has gone up.....
we have a state farm policy also- it's for just the ring itself. our policy states that they will replace the ring for EXACTLY the color, cut, clarity, grade and size as stated on my GIA certificate... so if the price goes up or down in terms of value it makes no difference-- they replace the ring itself. that also saves me money on the premium b/c i'm not paying based on worth/value and it won't go up or down... so i had my jeweler appraise the ring at a lower value b/c then i'm only paying premiums on that number- and it doesn't make a difference b/c they are replacing my actual ring no matter what. so try state farm, HTH
jenafee
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Re: The price of diamonds has gone up.....
Posted by STBMrsDaniRella
we have a state farm policy also- it's for just the ring itself. our policy states that they will replace the ring for EXACTLY the color, cut, clarity, grade and size as stated on my GIA certificate... so if the price goes up or down in terms of value it makes no difference-- they replace the ring itself. that also saves me money on the premium b/c i'm not paying based on worth/value and it won't go up or down... so i had my jeweler appraise the ring at a lower value b/c then i'm only paying premiums on that number- and it doesn't make a difference b/c they are replacing my actual ring no matter what. so try state farm, HTH
Exactly!
Gin-Char 104
Posted:
Member since
Re: The price of diamonds has gone up.....
Posted by jenafee
Posted by STBMrsDaniRella
we have a state farm policy also- it's for just the ring itself. our policy states that they will replace the ring for EXACTLY the color, cut, clarity, grade and size as stated on my GIA certificate... so if the price goes up or down in terms of value it makes no difference-- they replace the ring itself. that also saves me money on the premium b/c i'm not paying based on worth/value and it won't go up or down... so i had my jeweler appraise the ring at a lower value b/c then i'm only paying premiums on that number- and it doesn't make a difference b/c they are replacing my actual ring no matter what. so try state farm, HTH
Exactly!
what happens when the dimond value goes up? if something happens to it do you get the 'old' price or new one?
