25 Apr 2014
As you may know, all the things really worth insuring, the small cost involved in getting diamond engagement rings insured is obviously worth the cost when you take into account the peace of mind that comes with it. The cost of insurance cover in the case of precious jewellery depends upon its estimated value.
For this reason, it’s also essential to get your precious jewellery properly evaluated because this is definitely the base on which insurance coverage amount is determined. Why there is necessity for jewellery insurance? It has been observed that jewellery insurance is done for Retail Replacement Value. Which indicate that the insurance company is responsible to replace the item in like sort and quality. It doesn’t mean that the insurance provider will write you a check for the cost stated on the evaluation. More