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Insuring Your Diamond
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Title: Insuring Your Diamond

Essay Details:

Subject: Miscellaneous
Author: Joseph F
Date: December 12, 2015
Level: University
Grade: A
Length: 2 / 415

Essay text:

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...

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