2013-10-29 20:24:33 - Kim is wearing a new multi-million dollar ring these days following a proposal from Kanye West. Expensive jewelry such as this usually has an insurance policy to protect the investment.
Earlier this week, news of the engagement between Kanye West and Kim Kardashian flooded the media. The 33 year-old reality show star was surprised on her birthday with a ring that costs much more than most people’s houses. The 15-carat ring presented to Kim from Kanye is estimated to cost somewhere in the ballpark of $5 million. The event occurred on Kims birthday when Kanye rented out San Francisco's AT&T field that included a 50-piece orchestra for the occasion. If you have not already seen pictures of the incredibly large diamond Kim is rocking, you will probably soon find it hard to avoid. Since the question was popped, it seems the media is solely focused on the price of the
rock Kanye presented to Kim.
It has long been said that diamonds are a girls best friend. Today, the diamond industry alone is worth an estimated $29 billion per year. This number does not even include other popular gems and precious stones. The majority of precious stones are often sought after for extravagant jewelry such as Kim Kardashians engagement ring. The industry prides itself on quality over quantity meaning that even the smaller pieces of jewelry could be worth a tiny fortune. With so much money put into something so small, how does one protect their investment?
Like many aspects of life, some insurance companies offer jewelry insurance to their clients. Many jewelry connoisseurs are covered by hefty insurance policies to protect their jewelry containing gems and precious stones. These insurance policies are put into place to ensure people are completely covered and safe from financial losses when it comes to expensive jewelry.
Due to factors including fake stones and jewelry, the physically small size of jewelry, and the expensive price of jewelry itself, this insurance industry can get very complicated. Sometimes insurance companies do not compensate valid claims. Jewelry Insurance Bad Faith occurs when an insurance company engages in fraudulent actions that negatively affect their clients. “If you have been involved in a jewelry insurance bad faith case, finding an experienced Jewelry insurance claims lawyer could make all of the difference.” says COO of RepresentYou, Gabe Dominocielo. RepresentYou is a State Bar of California-certified lawyer referral service that may be able to help connect you to a competent jewelry insurance lawyer in your area today.
Although you may not have a multi-million dollar engagement ring from Kanye West, you may still be covered for your jewelry investments. Kim and Kanye are said to be entering their engagement with a prenup in mind in order to protect each of their financial aspects. It is always a good idea to be protected by an insurance company, but if you are wronged by one, you may want to seek knowledgeable legal help.
With panel members who have over one billion dollars in verdicts and settlements, RepresentYou has insurance bad faith attorneys with 20 years of experience in jewelry claims law and vetted to asset you with your legal matter.
Please visit the website at www.RepresentYou.com or call toll free 1-888-973-7968 days a week, 24 hours a day. For additional inquiries please contact firstname.lastname@example.org