Insuring Your One Carat Diamond Rings

Insuring a one carat diamond ring takes a bit of thought, planning, and 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 one carat diamond ring 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 one carat diamond rings is Agreed Value. This is sometimes called ‘Valued At.’ This type of coverage is very rare. In the event that the one carat diamond ring is lost or damaged beyond repair, the insurance company simply pays you the amount that you and the company agreed upon. This is the best 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 one carat diamond ring, 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 one carat diamond ring. 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 always be in your home, and once it leaves your home, there is no coverage.

reade more... Résuméabuiyad

Buying One Carat Diamond Rings Online

With all of the potential for scams concerning diamonds, buying done carat diamond rings online almost seems unthinkable! However, you actually can purchase one carat diamond rings online, without any problems – as long as you are careful.

First, think about your reasons for wanting to purchase the one carat diamond ring online, as opposed to making a purchase from a local jewelry store. The most common reason is price. Due to
low overhead costs, online jewelers and wholesalers are able to offer lower prices. However, you must be careful – sometimes
a price that is too low is a sure indication of a scam.

One of the best things about purchasing one carat diamond ring online is the unlimited selection. When shopping offline, you are limited to the selection in the stores in your general area. Online, there are no limits. But again, you must use a great deal of care and consideration before handing your money over to someone that you cannot see and have never met!

Before shopping, learn as much as you can about diamonds – especially cut, color, clarity and carat weights. When you are knowledgeable about diamonds, it will be harder for a con artist to rip you off. Once you know more about diamonds, you will be
ready to start shopping.

Take your time. Don’t purchase the first one carat diamond ring that you see that interests you. Instead, look for similar diamonds for sale.
Do some comparison shopping to find the lowest prices. Once you have found the lowest price, start doing your investigation.
You know about diamonds, you’ve found a one carat diamond ring that you love, and you’ve found the lowest price – but you are still quite a ways away from actually purchasing that diamond!

Ask about the seller’s credentials, such as professional jewelry associations that they belong to. View and print the seller’s return, refund, and upgrade policies. Also inquire about additional services, such as settings and mountings, sizing, and free shipping. Do a search for customer reviews on this particular company around the Internet. Also check with the BBB Online to see if there have been any complaints.

Ask for a diamond grading report from an independent laboratory such as GIA, HRD, EGL or AGS. You should see this before making a purchase. Finally, use a reputable escrow service for high dollar diamonds – preferably one that will have the diamond appraised while it is in their possession. The seller sends the one carat diamond ring to the escrow service, and you send the money to pay for the diamond to the escrow service. The escrow service has the diamond appraised, sends the diamond to you, and sends the money to the seller. This is the surest way to protect Yourself…again, make sure that you use a reputable escrow service!

reade more... Résuméabuiyad