Ring Insurance vs Appraisal vs Warranty: What Each One Does
A customer came in last spring holding a folder. Inside was a detailed appraisal for her engagement ring, dated six years earlier, plus a care plan card from the store that sold it. She had lost the ring on a beach. She believed she was covered. She was not. The appraisal described the ring, the care plan covered manufacturing defects, and nobody had ever added the ring to her home insurance policy. Three documents, and none of them paid out. These three things get used as if they mean the same thing. They do not, and the gaps between them...
