So let me get this straight.
You have $20k in coverage and $15k is for the ring? You are under-insured.
Second, what is probably jacking your rate up is accident/damage liability coverage.
I bet it is high because the quote is for $20k in personal property coverage coupled with $1million(or more) accident/damage liability coverage. Your rates will also be higher than people in other states because is you are in MA.
Personally, I have $35k in personal property coverage and $500k in accident/damage liability and my yearly premium is $250. But I have a separate policy for jewelry which is $60/year.
You have $20k in coverage and $15k is for the ring? You are under-insured.
Second, what is probably jacking your rate up is accident/damage liability coverage.
I bet it is high because the quote is for $20k in personal property coverage coupled with $1million(or more) accident/damage liability coverage. Your rates will also be higher than people in other states because is you are in MA.
Personally, I have $35k in personal property coverage and $500k in accident/damage liability and my yearly premium is $250. But I have a separate policy for jewelry which is $60/year.
Last edited: