Most of you probably will know, that all the things really worth insuring, the tiny fee involved in getting diamond engagement rings insured is certainly worth the money while you look into the peacefulness that comes with it. The cost of insurance cover in case of rings depends upon its appraised value.
For this reason, it is also extremely important to ensure you get your diamond jewelry properly evaluated because this would be the basis on which insurance cover amount is determined. Why there’s necessity for jewelry insurance cover? This has been observed that jewellery insurance is prepared for Retail Replacement Value. It means that the insurance company is obligated to replace the product in like kind and quality. This doesn’t mean that the insurance broker will write you a check for the cost stated on the appraisal. Continue reading Jewelry Appraisal and Insurance Hints And Tips You Should Know