For those who change their dress quite often...

[Gussie]

There are a few psers who change their ering setting quite often. I'm looking at you @nala

Do you send in a new appraisal for your insurance every time? I have JM and it is considered a new item for insurance when a setting is changed. I wish I could just insure the stone. First world problem but a pain nonetheless.

 

[MamaBear]

Im following, as this is a great question and one I hadn’t considered!!

 

[MamaBee]

There are a few psers who change their ering setting quite often. I'm looking at you @nala

Do you send in a new appraisal for your insurance every time? I have JM and it is considered a new item for insurance when a setting is changed. I wish I could just insure the stone. First world problem but a pain nonetheless.

I asked this question a million times on here. No one answered me.. Yes..You do have to update your insurance. It wasn’t too bad since the diamond was the same. I didn’t have to get another appraisal. I just sent them the description and cost of the new setting. They don’t insure a loose diamond.

Is your yellow gold setting done??????

*Edited to say I just read JM makes you get a whole new appraisal. That stinks..I do think your insurance company is better than mine though..

 

[AprilBaby]

There are a few psers who change their ering setting quite often. I'm looking at you @nala

Do you send in a new appraisal for your insurance every time? I have JM and it is considered a new item for insurance when a setting is changed. I wish I could just insure the stone. First world problem but a pain nonetheless.

I jut insure my loose stone with JM

 

[distracts]

I jut insure my loose stone with JM

How? I was under the impression they don't insure loose stones.

 

[oldcutclubmember]

How? I was under the impression they don't insure loose stones.

They will insure a loose stone while it’s being set by a jeweler. I currently have a loose stone insured by JM and it’s with the jeweler. They expect that you will update once it’s set. So I am not sure if it’ll be covered if you set it and then end up losing the completed ring somewhere as I am sure the expectation is that you are not walking around with a loose stone on your hand out and about.

 

[distracts]

They will insure a loose stone while it’s being set by a jeweler. I currently have a loose stone insured by JM and it’s with the jeweler. They expect that you will update once it’s set. So I am not sure if it’ll be covered if you set it and then end up losing the completed ring somewhere as I am sure the expectation is that you are not walking around with a loose stone on your hand out and about.

Oh, yes, I was aware of that. I have done that before. I thought you meant just the diamond.

 

[DiamondWhiteCat]

My fiance and I have an loose stone insured with Jewellers Mutual. It's not being set yet. They initially declined to insure it, had to go through a ton of additional checks to get it insured. It was a lot of stress and hassle.

On the application form they give loose diamond as an option, so it never occurred to us when we researched insurance that insuring a loose diamond could be problematic. Neither of us had bought a loose diamond before.

 

[rainydaze]

I have JM and they will insure a loose stone so long as a setting is in the works and it will be part of a completed ring soon. They were very clear that I needed to update the policy from loose stone to completed ring as soon as it was done, with the new documentation to show it as a completed ring/new value.

 

[DiamondWhiteCat]

They gave us 6 months to get the diamond set. Then the same procedure, updating the policy with the new value.

They weren't very clear about whether it would be insured during it's time with the jeweler while it was being set, or if the jeweler would have to insure it. I think they asked us to contact them again nearer the time.

It's nice to hear that JM are insuring others stones during the setting process. It's hard to know what to expect when you haven't done it before.

 

[diamondsR4eVR]

I’m so glad I saw this thread! I’m back to wanting a 3 stone ring.