Before paying your next insurance premium… Protect yourself.
Ask your agent “Will I be free to use my jeweler to replace my stolen jewellery?”
Since you pay the premium and you should have freedom of choice: but not all insurance companies play by the same rules. Some try to limit your choice: some have “arrangements” with jewelers of their choosing; kickbacks and ‘discounts’ are not that unusual.
Ask your agent ahead of time:
Insurance premiums are paid on appraised value: and appraised value should reflect the selling price. If your insurance company wants to short change you on the replacement price (e.g. 30%), insure your jewellery at that lower amount! Fair is fair!
Your appraisal price reflects the price at which we would sell the item to you or to your insurance company, there is no difference. Our prices are consistent, competitive, and fair.
You are within your rights to insist on using your own jeweler, but the potential aggravation with some companies is significant. Check it out ahead of time, before you reinsure.
Insurance offers peace of mind: we’ll work with you to ensure your satisfaction lifelong!