Re: Insurance Fraud
There are a number of factors that come into play (I work for a homeowners insurer).
1) They won't necessarily pay the full value that you have it insured to - just what it would take to replace it from a jeweler that they can work with.
2) If there are red flags, they'll have fraud divisions investigate the claim very closely. These are typically ex-cops or fire fighters who get off on catching fraud.
3) Depending on the company, if you file multiple claims your policy can be non-renewed or have the rates increased. The thought being that someone who is turning in multiple claims (especially in claims like this that are difficult to prove) are more prone to insurance fraud. It's also much more difficult to switch insurance companies if you have a claim on stolen jewelry.
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