You lost your wedding ring. Luckily, it was insured, you paid the deductible and received reimbursement from it. Except now, you found your wedding ring. What do you do?

By law, the insurance company now owns that piece of jewelry. Most insurance companies will allow the ring to be bought back for the amount received. Contact your insurance provider and let them know you found it!

An inland marine insurance policy gets its name from a ocean marine insurance policy. Precious cargo needed to be insured against damage, sinking ships and pirates when traveling across dangerous waters as early as the 13th century. It wasn’t until the 18th century when the demand for inland marine insurance came about due to railroads.

Businesses can use the policy when transporting products, materials and equipment. Homeowners can use it for jewelry, furs, firearms and rare collections. Either of them can use it for specific items of value that are movable property.

Get a quote from Gallagher Financial Services

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