ST Alpha - "yep - but if you keep the jewelry in a vault - you can get a really low rate on it - and they only pro-rate the high charge for the days you have it " (Reading a Post)

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In response to "also, rates vary on the liquidity of the object insured. jewelry's rates are many times the cost of art, and both when worth the same amount -- nm" by peglegpete

yep - but if you keep the jewelry in a vault - you can get a really low rate on it - and they only pro-rate the high charge for the days you have it

Posted by JenBro Apr 6 '11, 17:46

out of vault to wear. Lots of people don't realize that - and pay the full rate when the risk isn't there. When I saw Tom Hank's got mad at his agent for "over charging" - I wondered if that might not have been one of the things they failed to discover he could do to lower his cost - and the new agent pointed it out and saved a TON of premium for them.

Responses:

saving huge $$ like this is a subplot of The Young Philidelphians with Paul N& Robert Vaughn -- nm - peglegpete Apr 6, 17:52 4
- Newman -- nm - peglegpete Apr 6, 17:52 3
  - not familiar with it - will check it out -- nm - JenBro Apr 6, 17:56 2
    - 4/11 on TCM it's a very good film -- nm - peglegpete Apr 6, 17:57 1
      - Thanks :D -- nm - JenBro Apr 6, 18:17

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yep - but if you keep the jewelry in a vault - you can get a really low rate on it - and they only pro-rate the high charge for the days you have it

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