Jewelry fraud?

Question

I am not considering this, but we got an insurance replacement estimate for my wedding ring today. With all of the dishonest people in the world today, what measures are taken (other than the honor system) to protect insurance companies from people taking out insurance on their wedding rings, then claiming a year later that they lost them? This just seems weird to me, with the people suing places like McDonalds, for being overweight, that there arent people who claim they lost/got stolen their wedding jewelry?

Answer 1

Ur grousing, aren't u? Seriously, ins is to protect. A person making any claim is most likely put on a universal list of claiments. People get "caught" because they repeat what they do rather than using native intelligence for recognition and reward.

Answer 2

Well, they don't, really.  But if you put in more than one claim for this, they're going to cancel your whole policy.  MOST wedding rings are under $5,000.  So it's kind of the idea that they'll be completely uninsurable for ANY kind of homeowners policy for up to five years, and no one will ever let them insure jewelry again, that keeps them from putting in fake claims.

Answer 3

Remember something very important, Fraud is like theft...it is a crime. Hope you go to jail and ruin your life for something much more important than the value of a wedding ring.your honor and honesty will carry you far in life, fraud or theft will have to be dragged with you forever.