Types Of Diamond Insurance Policies

By

There are three main types of diamond insurance depending on which state you live in as well as the issuing company. Many diamond insurance policies are very similar but vary according to location, issuing company of the insurance and sometimes even the type of diamonds that are being insured. Strangely enough, all diamond insurance policies are referred to Marine insurance policies.

The three main types of diamond insurance are as follows:

• Actual cash value
• Replacement
• Agreed value

With actual cash value types of diamond insurance the diamond insured is

Article continued below...