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You would need to inform the insurance company and reimburse them for the amount paid or give them the ring, your choice. If you don't inform them you are guilty of insurance fraud. This claim would have to be for a scheduled jewelry floater or payment would not have been made. The floater is the only policy that will pay for mysterious disappearance. A normal Homeowners policy without the floater would require proof of break-in to be theft. The floater also has no deductible usually. It does require appraisals of the items covered.

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7y ago
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14y ago

Your supposed to refund the money back to your insurer to avoid fraud charges

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Q: You made a claim on insurance for a lost ring and later found it?
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You received money for a claim on a lost piece of jewelry you found the ring 3 months later do you have to contact the insurance company?

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