Susan owns a valuable diamond ring that has been in her family for generations. She is told

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Susan 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 purchased a Homeowners 3 (special form) policy. Is Susan correct in her thinking? If not, what would you advise her concerning proper protection of the ring?
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Principles of Risk Management and Insurance

ISBN: 978-0134082578

13th edition

Authors: George E. Rejda, Michael McNamara

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