Hi everyone! Thanks again first for all your informative advice! I have another question after reading some of the other messages...
I mentioned that my ring appraised for much more than what my fiance paid for it. Is it worth it to insure it for that much? The appraiser said (since I didn''t know exactly how much he paid for it) to ask him if that number is OK with him and he can adjust it. What are the pros and cons of insuring for more than the price paid for the ring? If i lose the ring or it gets stolen, would the insurance company pay for a replacement at the higher value? or pay up to that amount when they try to find a replica of the ring with exact specs?
Thanks!
andria
I mentioned that my ring appraised for much more than what my fiance paid for it. Is it worth it to insure it for that much? The appraiser said (since I didn''t know exactly how much he paid for it) to ask him if that number is OK with him and he can adjust it. What are the pros and cons of insuring for more than the price paid for the ring? If i lose the ring or it gets stolen, would the insurance company pay for a replacement at the higher value? or pay up to that amount when they try to find a replica of the ring with exact specs?
Thanks!
andria