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jozieb0925
Double Trouble!
Member since 5/05 4358 total posts
Name:
Josie
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Re: Do you have insurance on your engagement ring?
Posted by suvenR
Yes- I have a separate policy w/ Jewelers Mutual because I don't want my homeowner's to skyrocket because of a jewelry claim.
I have 5 items on my policy and I pay $298 per year.
Sue,
when you have a chance..can you fm me their info...
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Posted 11/16/06 8:21 PM  |
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jozieb0925
Double Trouble!
Member since 5/05 4358 total posts
Name:
Josie
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Re: Do you have insurance on your engagement ring?
Posted by Beth1210
Posted by suvenR
Yes- I have a separate policy w/ Jewelers Mutual because I don't want my homeowner's to skyrocket because of a jewelry claim.
I have 5 items on my policy and I pay $298 per year.
wow- maybe I should try them
I have 3 watches and my w-band I want to add- but I am freaked out about the cost based on my Chubb rate
Yeah, Chubb is going to put us both in the hole..lol..
Message edited 11/16/2006 8:24:51 PM.
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| Posted 11/16/06 8:23 PM |
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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Re: Do you have insurance on your engagement ring?
I think I paid $180 last year?
its a personal property insurance policy - but once we close on our house, we will put it as a rider to our homeowners.
but it all depends on your deductible (i picked the highest one, which means lower insurance cost) and I have a replacement policy.
eta: CHubb is 4% of the appraised value? per year? thats INSANE
Message edited 11/16/2006 8:30:44 PM.
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| Posted 11/16/06 8:29 PM |
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MrsPornStar
Partners in crime
Member since 10/05 14656 total posts
Name:
Mama
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Re: Do you have insurance on your engagement ring?
Not sure how much extra I pay... my engagement and wedding rings are riders on my renter's insurance.
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| Posted 11/16/06 8:35 PM |
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peabody
Love green icing!!!
Member since 5/05 4691 total posts
Name:
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Re: Do you have insurance on your engagement ring?
Yes, it is included in our homeowner's insurance.
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| Posted 11/16/06 8:36 PM |
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DaniJude
You're My Home <3
Member since 11/06 14815 total posts
Name:
Danielle
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Re: Do you have insurance on your engagement ring?
State Farm- $350 total for the year.
The way companies price is different with each agency- State Farm charges you based on the appraised value of the ring... In the event of you actually losing the ring or it getting stolen- they will replace the ring itself exactly the way it is described on the GIA certificate- grade, cut, clarity, color, size, etc. It's a good idea to have your jeweler "low ball" the appraisal so your premiums are not that high- b/c in the event of, god forbid, you lose it then they replace it regardless based on the GIA certificate- not on the actual appraised value. They just use the value to determine how much to charge you for a premium. HTH!
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| Posted 11/16/06 8:39 PM |
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Re: Do you have insurance on your engagement ring?
We put it on my Allstate policy, honestly, no idea how much we pay right now but it's too much.
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| Posted 11/16/06 8:42 PM |
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Kristin616
Member since 8/06 3595 total posts
Name:
Kris
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Re: Do you have insurance on your engagement ring?
Yes, under our homeowners policy
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| Posted 11/16/06 8:50 PM |
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suvenR
designer mutt
Member since 5/05 4239 total posts
Name:
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Re: Do you have insurance on your engagement ring?
Hi Gals!
Just so you know- I have a 2% policy discount because I've never had a claim.
I recently found out that the insurance covers maintenance on the items. I never knew that. I probably have spent $50 a year on things like prong-tightening,.
Here is the info on the rate sheet I have:
for those who live in Nassau county NY:
for an individual item valued at $14,999 or less, it would be $2 per $100
(ex: $14,000 item x .02= $299.98 per year for the item)
for those in NJ, it would be $1.75 for an individual item valued at $14,999 or less (ex: $14,000 x .0175=$245)
Don't overinflate your values. JM doesn't have a deductible and since you're paying for the value of the item, if you inflate it, you'd just be wasting money.
I actually had the value of my watch lowered because my policy replaces the item and my watch is 6 years old now. So, they'd purchase a pre-owned one at this point. So, my watch is appraised for the value that a pre-owned one would cost right now.
Jewelers Mutual
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| Posted 11/16/06 9:01 PM |
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jozieb0925
Double Trouble!
Member since 5/05 4358 total posts
Name:
Josie
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Re: Do you have insurance on your engagement ring?
Posted by suvenR
Hi Gals!
Just so you know- I have a 2% policy discount because I've never had a claim.
I recently found out that the insurance covers maintenance on the items. I never knew that. I probably have spent $50 a year on things like prong-tightening,.
Here is the info on the rate sheet I have:
for those who live in Nassau county NY:
for an individual item valued at $14,999 or less, it would be $2 per $100
(ex: $14,000 item x .02= $299.98 per year for the item)
for those in NJ, it would be $1.75 for an individual item valued at $14,999 or less (ex: $14,000 x .0175=$245)
Don't overinflate your values. JM doesn't have a deductible and since you're paying for the value of the item, if you inflate it, you'd just be wasting money.
I actually had the value of my watch lowered because my policy replaces the item and my watch is 6 years old now. So, they'd purchase a pre-owned one at this point. So, my watch is appraised for the value that a pre-owned one would cost right now.
Jewelers Mutual
This is great!! Thanks!!! This gives me something to kind of compare my cost to...
Message edited 11/16/2006 9:08:45 PM.
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| Posted 11/16/06 9:06 PM |
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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Re: Do you have insurance on your engagement ring?
$300 per term for a $15K ring? that seems high - ill check to see the deductable.
eta: ah there is no deductable. then i would say thats pretty reasonable!
Message edited 11/16/2006 9:07:59 PM.
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| Posted 11/16/06 9:07 PM |
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Shorty
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Member since 5/05 30390 total posts
Name:
really
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Re: Do you have insurance on your engagement ring?
Posted by Beth1210
Posted by Jessica
no but i should get it soon
I didn't get it for a year
but since you live at home- you are limited to Chubb
all you need is your apprasial- and it's 4% of that for the year
not true
i have a personal articles policy through state farm
i pay under 100 a year
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| Posted 11/16/06 9:13 PM |
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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Re: Do you have insurance on your engagement ring?
Posted by Shorty
Posted by Beth1210
Posted by Jessica
no but i should get it soon
I didn't get it for a year
but since you live at home- you are limited to Chubb
all you need is your apprasial- and it's 4% of that for the year
not true
i have a personal articles policy through state farm
i pay under 100 a year
I have the personal property ins. thru state farm too - All state didnt do it.
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| Posted 11/16/06 9:16 PM |
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jerrysgirl
I love my hot dog!!
Member since 6/06 5357 total posts
Name:
E & J
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Re: Do you have insurance on your engagement ring?
yes.. mine is part of my renters insurance $230 with geico through travelers.
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| Posted 11/16/06 9:19 PM |
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veeandrich
LIF Infant
Member since 5/06 325 total posts
Name:
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Re: Do you have insurance on your engagement ring?
Posted by suvenR
Yes- I have a separate policy w/ Jewelers Mutual because I don't want my homeowner's to skyrocket because of a jewelry claim.
I have 5 items on my policy and I pay $298 per year.
me too, I pay around the same for my e-ring each year.
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| Posted 11/16/06 11:21 PM |
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McSullivan
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Member since 5/05 1573 total posts
Name:
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Re: Do you have insurance on your engagement ring?
I have Jeweler's Mutual also - and they are fantastic!!
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| Posted 11/16/06 11:45 PM |
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JodiBabe
Married for 9 yrs!!!!!!
Member since 5/05 6672 total posts
Name:
Jodi
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Re: Do you have insurance on your engagement ring?
I have State Farm and pay about 100 a year & have 6 pieces covered.
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| Posted 11/16/06 11:52 PM |
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evenedan
Need a little sunshine
Member since 9/05 3843 total posts
Name:
D
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Re: Do you have insurance on your engagement ring?
We have jewelers mutual and pay about 500 bucks a year. Seems like a lot, but the peace of mind is worth it.
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| Posted 11/17/06 12:12 AM |
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nixy
LIF Adult
Member since 9/06 1575 total posts
Name:
K
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Re: Do you have insurance on your engagement ring?
mine is through our home owners, i didn't have it insured until we bought the house.
Message edited 11/17/2006 11:48:21 AM.
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| Posted 11/17/06 11:43 AM |
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joenick
Us
Member since 6/06 9370 total posts
Name:
Valerie...aka...Do Me A Favor?
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Re: Do you have insurance on your engagement ring?
Posted by HollaGirl
Yes, it's part of my home owners policy.
SAme here.
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| Posted 11/17/06 11:45 AM |
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AimeeE2006
Time flies!
Member since 1/06 5698 total posts
Name:
Aimee
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Re: Do you have insurance on your engagement ring?
Posted by suvenR
Yes- I have a separate policy w/ Jewelers Mutual because I don't want my homeowner's to skyrocket because of a jewelry claim.
I have 5 items on my policy and I pay $298 per year.
We have Jewelers Mutual too - the guy who appraised the ring recommended it. I believe it was just a little over $100. Speaking of which, I need to renew it!
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| Posted 11/17/06 11:47 AM |
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Ltdentway99
LIF Adult
Member since 9/06 1752 total posts
Name:
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Re: Do you have insurance on your engagement ring?
I'm not sure because it's on my homeowners insurance. I pay $64/month for that.
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| Posted 11/17/06 11:53 AM |
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krwm
<3
Member since 7/05 3466 total posts
Name:
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Re: Do you have insurance on your engagement ring?
yup, I use nationwide
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| Posted 11/17/06 11:55 AM |
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lululu
LIF Adult
Member since 7/05 9511 total posts
Name:
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Re: Do you have insurance on your engagement ring?
I also have state farm. I pay about 2% of the appraised value of the items covered.
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| Posted 11/17/06 12:15 PM |
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BriBri2u
L'amore vince sempre
Member since 5/05 9320 total posts
Name:
Mrs. B
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Re: Do you have insurance on your engagement ring?
Absolutely...I lost my engagement ring while on my bachlorette party back in Sept in Puerto Rico...the feeling that comes over you when you realize you lost it...I can't even explain it...it was terrible...thank goodness I had insurance on it -
I received a check from the insurance company within 3 weeks and I just received my new ring last week - just in time for my wedding next week...
I believe I pay around $275 - $300 a year to have it insured...it is WORTH every penny...
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| Posted 11/17/06 12:25 PM |
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