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I actually don't know how long it takes for insurance co's on average to cover for something like a lost/stolen ring, however I do have a very helpful piece of advice to consider for when you get your replacement ring -
Make certain that your ring comes with a GIA (gemological institute of america) grading report. GIA created the 4Cs that I'm sure you know all about (color, carat, clarity, cut) - and they're an independent, nonprofit organization created with the interest of the consumer in mind. GIA is recognized as the ultimate authority on gemology by the jewelry industry and the U.S. government; providing consumers with unbiased, accurate, astute, scientific evaluations of diamonds based on the mentioned 4Cs.
And this doesn't apply just for engagement rings - any piece of "gem'd" jewelry that you are looking into purchasing should be purchased with a grading report.
Ultimately, I'm telling you this b/c by having a grading report from GIA, most insurance companies are quick to provide coverage because GIA is so well known and well respected in the industry. You can check them out online @ http://gia4cs.gia.edu/
Cheers, Rich ?
Depends on the insurance company and the circumstances surrounding the loss. //
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Do you have to continue paying your insurance if your car is stolen?
No, as long as you have let your insurance company know they car is stolen.
Whose insurance covers items stolen from a company vehicle at home?
I think that your insurance covers the items that were yours that were stolen, and the company's covers the car damage.
What do you do if your car was stolen?
Tell the police, tell the insurance company
Is the insurance company liable to replace a stolen car with only liability insurance?
If you only carry liability insurance, that is all that the insurance company is liable for in this state.
Should insurance settlements be repaid when stolen goods are recovered?
That is up to the discression of the insurance company.
What are the benefits for having engagement ring insurance?
"Most engagement rings represent a substantial value and would be devastating to lose, both financially and emotionally. Insurance helps protect the financial value if the rings would be lost or stolen."
What happens if insurance replaces stolen items then the police recover and return the stolen items to you?
I recommend you contact your insurance company, and inform them of the recovered goods
How does homeowners insurance work when stolen items are recovered?
Once the insurance company has paid the claim for stolen items they become the legal owners of the items.
Have thiefth insurance car stolen insurance paid you for car who Owens the car?
i'd say the insurance company owns it
If a car on finance is stolen and insurance pays out but then the car is recoverd what happens to the car?
It belongs to the insurance company
If a car is stolen but there is no damage do i have to take it back?
If you have not settled with the insurance company you will have to take it back. If the insurance has paid out it is their car.
Whose insurance company do we report to if the vehicle that was stolen was borrowed from a friend?
You should report the theft immediately to the police and to the car owner's insurance company.
