As award season kicks off, the world looks to the United States as the stars walk the red carpets decked out in the very finest in fashion and highly insured jewelry. This should come as a reminder that even if your own jewels aren’t worth millions, you may still be wise to give them adequate insurance coverage. According to Allstate Insurance Company’s vice president of consumer household, Keith Rutman, many people actually hesitate to wear their good jewelry in the fear that these precious items could go missing. He explained…
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Insurance company files lawsuit against celebrity
Allianz SE insurance company is filing a lawsuit against celebrity and heiress, Paris Hilton. The insurer paid Damiani’s claim for jewels that were stolen from Ms. Hilton. Allianz says the police recovered part of the jewels, and she should return them to the owner; a Manhattan jeweler. But according to Ms. Hilton’s spokeswoman, the suit isn’t based on the facts. In December 2008, a burglary ring that was targeting celebrity homes, robbed Paris Hilton’s mansion. They stole over 2.5 million dollars worth of jewelry; including jewels that were on loan…
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