Baby

Insuring a diamond 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 diamond 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.

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