When are you allowed to collect insurance on a peice of jewelry?

Question

I plan on giving a very expensive diamond bracelet back to the person who gave it to me. I have paid insurance on this piece for about four years now, and I want to claim insurance on it.

Answer 1

I hope you get caught....its called insurance fraud....jail time.

Answer 2

You have not suffered a loss.  What do you think insurance is for?

Answer 3

That would be fraud.

Answer 4

The bracelet was neither stolen nor lost.  Where is the claim?  Instead of commiting fraud, why don't you just keep the piece of jewelry.  It was a gift.  You do not have to give it back.  Sell it if it brings back unhappy memories, and buy something you will enjoy!

Answer 5

For what? A bad relationship?

Uh....no coverage for bad taste.

Answer 6

You can't - giving the bracelet back to the gift-er is not a covered loss.

To give the bracelet back and make a claim that is based on falsehoods - would be insurance fraud - a felony.  Don't recommend that.

Answer 7

LOL...thats a good one!  you haven't had a loss on the piece, how do you presume to file a claim?