When you buy loose diamonds, just as when you buy diamond jewelry, it's really important to get them insured. Loose diamonds can be difficult to identify if stolen, so they're often more vulnerable than jewelry. They're also easier to lose. But how should you go about finding the right kind of insurance for your loose diamonds?

Insuring loose diamonds can be done in several ways. The most common option is a policy which offers to pay out a set amount of money, established at the point of signing, for each of your loose diamonds. Policies like these are usually cheapest but can leave you vulnerable if there's any considerable shift in the market value of your loose diamonds. An alternative is a more expensive policy which pays out the established market value of your loose diamonds at the time of loss, enabling you to replace them immediately. But some precious things can't really be replaced, and loose diamonds are no exception. If you have a sentimental attachment to your loose diamonds - for instance, if you've inherited them from a beloved relative - it may be worth your while negotiating a special policy which will reflect that. This is usually the most expensive option of all, but it will give you flexibility and the option of something more closely approaching real compensation.

Even if you're negotiating you insurance policy, you won't be able to obtain any cover for your loose diamonds unless you have certificates for them. This is one of the many reasons why, if you agree to buy loose diamonds without certificates, you should get them professionally appraised. You can also reduce the cost of your insurance policy by getting your loose diamonds scanned, enabling them to be identified by computer at a later date.

Insurance for loose diamonds may seem complicated and expensive, but it's something you can't afford to be without, so make sure you get it right.


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* Consider protective devices (smoke alarms, fire extinguishers, deadbolts on all exterior doors etc) – and save up to 15%.

* Consider building house from Fire Resistive material – it could bring you up to 15% discount depending on the materials.

* The newer the house – the cheaper insurance (< 10 years old => 25% reduction).

* The older you are – the less insurance price (you might qualify for as much as a 10 percent discount).

* Always take inventory – it will help you to claim property worth.

* Keep pace with inflation – follow the coverage amount when renewing your policy.

* Consider your deductible – the higher the deductible, the bigger the discount (it could produce savings of 15 percent to 30 percent or more).

* Insure your car and home in the same place – and get the discount.

* If you modernized your heating, plumbing or electrical systems – let the insurer know about it, you could get the discount.

* Stop smoking - some insurers offer to reduce premiums if no one in the home smokes.

* Insure your house, not the land – do not consider the value of the land when buying house insurance policy.

* Do not loose the chance to inform insurer about your past insurance history – no claims history could get you a discount.

* Consider safe installation - high cash rating attributed to the safe could result in cheaper rates.

* Do not exclude joining local neighborhood watch scheme – sometimes you could save money on the insurance cost.

* Do not save money on low quality locks – install quality locks and qualify for the discount.

* Hidden cashback - some insurers pay out cashback if you sign up to them via the specialist cashback shopping sites.

* Increase your voluntary excess - the higher the excess you are willing to pay, the lower your premium.

* The fewer the claims, the higher your no claims discount.




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I don't care if I buy a new home or a used home I will always buy title insurance. I can't believe how many people don't buy title insurance when buying a home. The downside to not having a clear title to the home is tremendous and the cost of preventing this problem is only a few hundred dollars.

When you borrow money from a lender to buy a new home you will be required to pay for title insurance. This title insurance is for the lender and covers them only. You will be given the option to purchase your own title insurance at the closing. Typically the cost is two or three hundred dollars. This insurance, should you decide to buy it, will protect you from any defects in the title. Before the closing the attorney will order a title search which looks for liens against the home and to make sure the property has a clear title.

The purpose of title insurance is to protect you against any unforeseen problems or claims against the property. You will be charged a one time fee for this protection. If you don't buy title insurance and your attorney did not do a good job with the title search you could be held liable for existing liens against the home. You could owe someone thousands of dollars for work done on the house before you bought the home or because there is another property owner that you did not know about.

The bottom line is for only a couple hundred dollars you can protect you from the unexpected title problems and gain a little piece of mind.


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