Ronnie Mervis: Hello! This is Ronnie Mervis from Mervis Diamond Importers and we are going to talk about insurance.

You bought your jewelry, you have paid a lot of money for it, you love it and she wears it. What happens if you lose it? Well, most people insure their jewelry and make sure that it is covered under a separate policy with a floater; floater means a description of what you have.

When you buy jewelry, ensure that you get a certificate for insurance purposes which states all the detail, the color, the weight, the clarity, the dollars, the retail value, etcetera and send that on to your insurance company. If you have insurance on your house and on your car, your boat, your apartment or anything else, you probably have insurance which will cover your jewelry as well. But just let your agent or your insurance company have an appraisal, it's quote evaluation or an appraisal and they will add that to your policy. It's very important because if you do have any kind of a loss, either theft or loss or breakage or damage or anything of that sort, your insurance company will either replace it for you or pay you out the realistic value of that item. But only if you have the relevant documentation in place.

We will always provide you with a certificate of insurance, and if you buy it from us you can expect it, if you buy it anywhere else, that's fine, it's your choice. Just make sure that you get that certificate for its insurance value and submit it to your broker. Whatever you do, remember that things can go wrong and when that happens, you don't want to take the loss. Make sure that you have it adequately insured. It's going to cost you a small amount per year in terms of premium but it's well worth it. And if we can help you, we are glad to do so. Thank you.