Policy Pointers

My wife’s wedding ring is worth $5,000. What is the best way to insure it?

Under a scheduled personal property floater. This would give you broader coverages, such as mysterious disappearance or loss of the stone only. Another benefit is your regular policy deductible would not apply. The insurance company would require a recent appraisal giving a full description on each item. The cost is usually about $8.50 per thousand of value.

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