Question: Sarah owns a valuable diamond ring that has been in her family for generations. She is told by an appraiser that the ring has a

Sarah owns a valuable diamond ring that has been in her family for generations. She is told by an appraiser that the ring has a current market value of $50,000. She feels that the ring is adequately insured because she owns a Homeowners 3 (special form) policy. Is Sarah correct in her thinking? If not, how would you advise her concerning proper protection of the ring?

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