Re: With what company do you have ring insurance - Jewelers Mutual; Chubb; Liberty Mutual; PLI Brokerage (sub of Chubb)

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Posted by holly231

I work in insurance, and have never heard of retail replacement value..I have only heard of Replacement Cost Value and Actual Cost Value and you definitely want Replacement Cost...ask them to fax yuou a ciopy of the wording for Replafcement Retail...they should ahve a form that explains what that is, and also ask for a form that explaing Replacement Cost....Actual Cost value you do not want...and I do not think they offer that for Jewelry floater policies anyways...

Also, fi you have a safe, or a burglar alarm, they might give you credits on your premium...

Good Luck!

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Okay, got my new appraisal numbers. Just as I suspected, the replacement values are much lower than the original appraisals.

I was insured for $15,400 when I should have only been insured for replacement value for my 2 bracelets and earrings

Now that I'm working with better numbers, I can get a decent quote.