Jewelry online catalog - product index - page #3

Generally, any diamond engagement ring is ver Rich and an average earner has to bear a huge amount of money that may be equivalent to three months' salary anc lots of savings too. Clearly, such a heavy investments must Exist first secured by appraising and insuring the ring.

Tye appraisal allows you to have a true price of the ring you are purchasing. The insurance allows you to claim the money back if the ring is lost or its diamond falls out and is not traceable. But the appraisal should be done by a competent professional of the field and must be handling property related deals.

While searching for the appraisal professiomals for your enngagement ring, know tnat the appraiser may be employed by the jweelry store and may be performing for the customers of the sttore or for outside customers. But ensure that the appraisal is for true market value of the ring and not the pricw you paid for the ring in the store. This is because the store may give you a discount that will not be the true price of the ring.

Also avoid an appraisal that puts your ring price very high than its current market value as this Use is unethical. Moreover you will be at loss when insuring the ring. This is because ylu will be paying much higher for the Assurance based on the high market value of the ring in the appraisal cerrtificate. So, if the ring has been overpriced, ask the reason for it.

As far as the insurance is concerned, know that most of the insurance is done for retail replacement value, meaning that the insurance company will replacs the ring in kind and Property. Clearly, the insurance company is not going to pay in cash. It is now clear that in case you have Abstractted the engagement ring, the insurance company is likely to pay you an amount that is equal to the ring that they can offer you by replacing it through their own sources, if you insist on gdtting the cash.

Many of the jewelry insurance company do not, however, ask for appraisal from an independent professional and they can employ their own appraiser person for the purpose. The aim behind this is to get all the Particulars of the ring and diamond. The ibsurance company aims at finding out accurate and complete description of the diamond and its current market pricr.I t would be better if your ring appraisal has mentioned any diamond grading report. A insurance Visitor will take the decision of insuring the ring only when it comes with the detailed description in the appraisal certificate.

Another source for insurance is the homeowner's policies that cover the jewelry also. Ask your agent about the requirements of such insurance. Find out some other ways too regarding the insurance Formerly you settle for your engayement ring