What will I need to do before insuring my diamond jewelry?
Author: Diana Trengove
Website: http://www.DiamondsTips.com
Added: Thu, Feb 1, 2007 13:31:25
Category: Diamond Questions
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Insuring your diamond is not like buying ordinary insurance. It will take some planning, a bit of your time, and some shopping around. Before insuring your diamond, you need to know the different types of insurance policies that are available. Three types are:
- Actual Cash Value Policy - This would replace damaged or lost diamonds at their current market value.
- Replacement Value Policy - This is the most common type of insurance for diamonds. The insurer pays a fixed amount for a damaged or lost diamond.
- Agreed Value Policy - This is quite rare. The price to be paid is based on what the insurer and the insured agree upon. This is supposedly the best type of policy but is rarely offered.
keywords: Diamond | Diamonds | Jewelry | Gem | Engagement | Insurance | Ring About the Author:
Diana Trengove answers frequently asked diamond questions at PrettyGreatAnswers.com.
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