Scheduled Jewelry

[iiinycboi]

There's one reason and one reason only why they would still be doing it, it must be profitable even with the amount of fraud.

i guess there are still honest people in the world lol

 

[NCAgent]

That and adjusters are VERY good at figuring out fraud. I have a lot of respect for those people, they have to come in looking like the bad guys sometimes for their job.

 

[BlockO]

That and adjusters are VERY good at figuring out fraud.

Adjusters must be exceptionally good! Companies that insure collectibles as stand alone coverage really amaze me. Although they don't cover jewelry, they will cover just about anything else. They offer far better coverage than scheduled items on a homeowners. Offer agreed value coverage with no appraisal.

The yearly premium for the best coverage options and zero deductible are less than 1% of the value (0.75% to be exact).

So if 1 in every 133 people are crooked, and get away with a scam, the company is bankrupt! So yeah... Adjusters must be THAT GOOD at detecting fraud!

 

[NCAgent]

Adjusters must be exceptionally good! Companies that insure collectibles as stand alone coverage really amaze me. Although they don't cover jewelry, they will cover just about anything else. They offer far better coverage than scheduled items on a homeowners. Offer agreed value coverage with no appraisal.

The yearly premium for the best coverage options and zero deductible are less than 1% of the value (0.75% to be exact).

So if 1 in every 133 people are crooked, and get away with a scam, the company is bankrupt! So yeah... Adjusters must be THAT GOOD at detecting fraud!

1 in 133 people are crooked only works PER YEAR. This isn't a one-time premium payment. So after 2 years 1 in 266 would hurt them, for example, since now you have 2x the premium for the same items. But yeah, those standalone ones make me wonder how they keep making money as well but they have other things they do- jeweler's mutual, for example, offers commercial insurance as well.