Quality Diamond Jewelry

Insuring a diamond takes a bit of thought, planning, & shopping around. Diamond insurance isn’t like purchasing car insurance. It is quite different. Depending on the state that you live in, there are basically three different types of policies that will cover diamonds, and all insurance policies that cover diamonds are considered Marine type policies.

The first type of insurance policies for diamonds is an Actual Cash Value policy. If the diamond is lost or damaged beyond repair, the insurance company will replace the diamond at today’s market value, no matter how much you paid for the diamond to begin with. This type of insurance policy for diamonds actually is not that common.

The most common type of insurance for diamonds is Replacement Value insurance. The insurance company will only pay up to a fixed amount to replace the diamond that was lost or damaged beyond repair. This does not mean that they will pay that amount – it means that they will pay up to that amount. In most cases, the diamond can be replaced at a lower cost.

The third type of coverage offered for diamonds is Agreed Value. This is sometimes called ‘Valued At.’ This type of coverage is very rare. In the event that the diamond is lost or damaged beyond repair, the insurance company simply pays you the amount that you and the company agreed upon. This is the most terrific type of insurance to have, but it is rarely offered. If you can’t get Agreed Value coverage, Actual Cash Value coverage should be your next choice.

Your rates will be determined by the value of the diamond, the type of coverage that you select, and the area that you live in. If you live in an area with a high crime rate, you can expect to pay more for your diamond insurance coverage. It is important to remember that insurance agents are not qualified jewelers, and jewelers are not qualified insurance agents. It is best to get a certificate for your diamond, and to provide the insurance company with a copy of that certificate. This leaves the insurance company less room for arguments over the actual value of the diamond.

Don’t rely on separate coverage to cover your diamond. For instance, if you diamond is stolen from your home, it is probably covered on your home owner’s insurance policy – but the diamond probably won’t invariably be in your home, and once it leaves your home, there is no coverage.

About Diamond Clarity
Many people mistakenly think that diamond clarity refers to how clear it is....
about-diamond-clarity.php

About Diamond Weights
However, in the far east, where Carob trees do not grow, rice was used to measure the weight of a diamond. If a d...
about-diamond-weights.php

Are Diamonds Rare
For every 1 million diamonds that are mined, only one ...
are-diamonds-rare.php

Bonded Diamonds
First, bonded diamonds have a purchase back policy for the life of the diamond. No matter how long you h...
bonded-diamonds.php

Buying Diamonds Online
First, consider your reasons for wanting to purchase the diamond online, as opposed to making a pur...
buying-diamonds-online.php

Choosing Cut Of Diamond
The most popular cuts are heart, marquise, oval, pear, princess, r...
choosing-cut-of-diamond.php

Colored Diamonds
Treatments like irradiation make it possible for more people to own these vividly colored ...
colored-diamonds.php

Diamond Brands
Branding is actually based on who owns the diamond. For instance, if DeBeers owns the dia...
diamond-brands.php

Diamond Certificates
With a diamond certificate, you can verify the color, cut, carat, wei...
diamond-certificates.php

Diamond Engagement Rings
First, determine how much ring you can afford. Most people use the ‘two months salary’ ru...
diamond-engagement-rings.php

Diamond Grading
On the color grading scale, D, E, and F mean that the diamond ...
diamond-grading.php

Diamond Scams
A common scam that most jewelry stores participate in is the Car...
diamond-scams.php

Famous Diamonds
The Dresden Green stands out among the natural colored diamonds. It is the largest green diamond in the w...
famous-diamonds.php

Links Page
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Links-Page.php

How Are Diamonds Cut
Diamonds are cut with saws, into round shapes. From the rounded shape, other shapes may be cut, such as heart sh...
how-are-diamonds-cut.php

How Diamonds Are Mined
When pipe mining is used, the diamonds are extracted from the earth through volcanic pipes. These are not m...
how-diamonds-are-mined.php

How Diamonds Are Priced
Diamond prices are determined first by adding the cost of the rough diamond, the cost ...
how-diamonds-are-priced.php

How To Care For Your Diamond
First, you should take your diamond jewelry to a jeweler once a year. Have him check the mountings & prongs that...
how-to-care-for-your-diamond.php

How To Clean Your Diamond
Want to keep that Brilliance and Shine? Dia...
how-to-clean-your-diamond.php

How To Sell A Diamond
First, have the diamond appraised. In fact, have it appraised by 2 or three jewelers to get an accurate idea of...
how-to-sell-a-diamond.php

How To Spot A Fake Diamond
First, only deal with reputable jewelers, and when you find a reputable jeweler, stick with them. Avoid buying diamon...
how-to-spot-a-fake-diamond.php

Synthetic Diamonds
Although the technology for synthetic diamonds came into pla...
synthetic-diamonds.php

What Are Dirty Diamonds
Diamonds become dirty. When you wash your hands w...
what-are-dirty-diamonds.php

Where Diamonds Are Mined
Diavik is also owned by Rio Tinto, located in Canad...
where-diamonds-are-mined.php

Blood Diamonds Conflict Diamonds
Blood diamonds, sometimes also referred to as conflict diam...
blood-diamonds-conflict-diamonds.php

DiamondPartners
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DiamondPartners.php