2007-04-17 14:11:28 · 10 answers · asked by Luckystar25 3 in Business & Finance ➔ Insurance
On your renter's or homeowners policy, they may ask you if you have any 'furs, firearms, or jewelry' or something along those lines. If they don't ask, it WON'T be covered, you HAVE to mention it when signing up for the policy...or if it's an existing policy, you need to call them and put it on. It doesn't cost much at all.
They'll ask for the proof of value or whatever it's called, if it's a diamond ring or similar ring of high value. You should've gotten something like this when you bought the ring, stating the gem's carats, clarity, yada yada. That will be the proof of value, and they'll need a copy of that.
2007-04-17 14:17:25 · answer #1 · answered by pancakes & hyrup 6 · 0⤊ 0⤋
Add it to your renters or homeowners policy. If you don't have renters insurance contact the company that insures your auto. If you have both policies with the same company you can get a discount on both policies.
They will need an appraisal for the ring and it will be listed specifically on your policy. Ask for agreed or stated value coverage on the jewelry. The cost to insure the ring is based on the value and runs anywhere from 1.00 to 1.50 per hundred of coverage.
2007-04-18 11:17:28 · answer #2 · answered by blb 5 · 0⤊ 0⤋
You have to know how much it costs in order to insure it. Call your homeowner's insurance agent to insure it. Not only will THEY need to know the value, you will also have to get it appraised and turn in your appraisal paperwork to them. So, first take your ring to a jewelry store and they will appraise it for you (for a small fee). Then you mail that in along with a photo of the ring to your agent. If you are a renter and not a homeowner you will need renter's insurance and then your ring plus all your other valuuables will be covered under the policy.
2007-04-17 21:18:38 · answer #3 · answered by MAmom 1 · 0⤊ 0⤋
If you have homeowners or renters insurance you can add a rider. Cost depends on you, your policy, and the value of the ring. Contact your agent.
2007-04-17 21:23:56 · answer #4 · answered by Still reading 6 · 0⤊ 0⤋
The easist way is by endorsement on your homeowners or renter's policy. Pricing will vary by company and geographic area, but usually runs about $1.50 to $2 per $100 of appraised value.
2007-04-17 21:15:44 · answer #5 · answered by Anonymous 7 · 1⤊ 0⤋
You can have your jewelry insured at State Farm, which is a well known auto insurance. They insure personal items too.
For a quote:
http://www.statefarm.com/insurance/other/personal.asp
2007-04-17 21:14:19 · answer #6 · answered by ledorkii 3 · 0⤊ 0⤋
Insuring jewelry is expensive. It can cost 10 % of its value per year. You can do it online or through your homeowner's or renter's policiy.
2007-04-17 21:14:13 · answer #7 · answered by ignoramus 7 · 0⤊ 2⤋
you need to talk to an insurance agent...and it varies from city to city, insurance to insurance...
2007-04-17 21:14:50 · answer #8 · answered by Chrys 7 · 0⤊ 0⤋
you can add it to your homeowners insurance policy . . if you need a policy go to http://www.QuotesDelivered.com/homeowners-insurance.shtml for FREE quotes . .
2007-04-17 22:35:29 · answer #9 · answered by primev2 3 · 0⤊ 0⤋
Use the LLOYD'S OF LONDON!
Learned about it in my 52-hour class. Hear it is pretty expensive though. :(
2007-04-18 01:22:55 · answer #10 · answered by lil_ralphstar7 1 · 0⤊ 3⤋