Renee Darata » Jewelry Floater http://www.reneedarata.com One Agent - All Your Insurance Needs Tue, 31 Jan 2012 10:59:16 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 How Can I Insure My Ring? http://www.reneedarata.com/2010/07/how-can-i-insure-my-ring/ http://www.reneedarata.com/2010/07/how-can-i-insure-my-ring/#comments Wed, 14 Jul 2010 01:03:45 +0000 Renee Darata http://www.reneedarata.com/?p=290 Continue reading →]]> If you recently became engaged or received a very nice gift of jewelry, you will want to know if your insurance covers your jewelry.

Insuring your ring, requires an appraisal or bill of sale. Your insurance agent will usually add a “jewelry floater” to your renters, condo or homeowners policy. Your jewelry piece will have its own deductible which could range from $0 on up.

Insurance companies use the appraisal as the basis of what they will pay in the event of a claim. Auto insurance policies are ACV or actual cash value. When you suffer a loss you are paid the value of the vehicle at that moment in time.

A jewelry floater establishes the value of the jewelry. You will be paid that dollar amount minus your deductible when you have a claim.

Does your policy cover “mysterious disappearance”? Some policies will, ask your agent.

Insure your ring, and get peace of mind. Priceless!

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