Apart from your home and car diamond jewelry is your next big investment. So considering its value you should think about insuring it. However insurances on your diamond can be a bit confusing but the three important things that you should look for while purchasing your policy are theft, accidental loss, and damage coverage.
There are three basic types of insurance that you can settle for. In the Actual Cash Value insurance your diamonds are replaced regardless of its initial value that you paid. If you own a large or an heirloom diamond piece this is the most recommended. Another kind of insurance that is available is Replacement Value. This is an affordable option but you may not receive the actual value of your diamonds in case of its loss. And a rare but the best kind of policy is the Agreed Value. Here the owner of the diamond along with the insurance agent agrees on the value of the diamond through careful negotiations. So shop around and browse the market carefully to get the most suitable policy for your diamonds.