Photo Credits: Www.Lab-Grown-Diamond-Earrings.Com by Ralph Green

Insuring lab grown diamonds is a crucial step to ensure their protection and peace of mind. By exploring the importance of insurance for lab grown diamonds, we can understand the value it brings to owners and the security it provides. Stay tuned to learn more about the benefits and considerations when it comes to insuring these unique and valuable gemstones.

Importance of insuring lab grown diamonds for protection and peace of mind

Lab grown diamonds are the gems that have got the jewelry industry in a spin due to their environmental sustainability, affordability and customizability. But despite their lower cost and eco-friendly benefits, insuring them is still a must for protection and peace of mind.

• Financial Security: Insuring lab grown diamonds safeguards your investment and ensures you’ll be compensated in the event of loss, theft or damage.
• Peace of Mind: Insurance coverage gives you reassurance that you won’t be out of pocket if something unexpected happens.
• Emotional Value: Lab grown diamonds can be sentimental, so insuring them helps alleviate any distress if there’s a loss or damage.

The cost of insuring lab grown diamonds depends on various factors, including its value, where it’s located and your claims history.

BriteCo is a respected jewelry insurance provider with comprehensive coverage options, efficient claims processing and personalized customer service.

To insure lab grown diamonds, research the different insurance providers and policies to find the most suitable option. Gather all the necessary documentation and information regarding the diamond. Then evaluate the coverage options and select a policy. Complete the required paperwork and submit to the chosen insurer.

Lab Grown Diamonds: An Overview

Photo Credits: Www.Lab-Grown-Diamond-Earrings.Com by Jacob Walker

Lab grown diamonds are making waves in the jewelry industry. In this overview, we’ll explore the defining characteristics of lab grown diamonds and compare them to earth mined diamonds. Discover the fascinating world of lab grown diamonds and learn about their increasing popularity as a more sustainable and affordable alternative. With a focus on the unique composition and creation process, we’ll unravel the facts behind these remarkable gems.

Definition and characteristics of lab grown diamonds

Lab grown diamonds are synthetically created in a laboratory. They possess the same physical and chemical traits as natural diamonds. Plus, they have the same crystal structure, hardness, brilliance, and optical properties.

Two methods of production exist: high pressure, high temperature (HPHT) and chemical vapor deposition (CVD). HPHT involves subjecting a diamond seed to extreme pressure and temperature. CVD uses carbon-rich gases to form a diamond layer on a substrate.

Lab grown diamonds are purer due to fewer impurities. They also offer excellent color consistency, unlike natural diamonds which can vary. You can choose from white, yellow, blue, and pink colors.

Lab grown diamonds are ethical. They don’t require mining or harm the environment. They’re also energy efficient and don’t contribute to deforestation or water pollution.

Customization is another key feature of lab grown diamonds. You can cut them into various shapes and sizes. Plus, they’re more affordable compared to natural diamonds of similar quality and size.

Lab grown diamonds offer quality and sustainability. They’re an attractive choice for those who value both.

Comparison between lab grown diamonds and earth mined diamonds

Lab grown diamonds and earth mined diamonds can be compared. They differ in origin, cost, and environmental impact. Lab grown diamonds are created in a lab, while earth mined ones form deep within the Earth’s crust. Lab grown diamonds tend to be cheaper and more sustainable. They are also customizable and can be produced on-demand.

History-wise, General Electric scientists showed diamond synthesis in 1954, which started man-made diamond production. Comparing synthetic diamonds with natural ones gives people more options when buying jewelry.

Lab grown diamonds: Making your sparkle more affordable and sustainable, just like a vegetarian unicorn.

Benefits of Lab Grown Diamonds

Photo Credits: Www.Lab-Grown-Diamond-Earrings.Com by Michael Davis

Lab grown diamonds offer a range of compelling benefits over their earth mined counterparts. From lower cost to environmental sustainability, and a wide range of options for customization, these lab grown gems are revolutionizing the diamond industry. Discover the advantages that come with choosing lab grown diamonds and explore why they are becoming increasingly popular among consumers.

Lower cost compared to earth mined diamonds

Lab grown diamonds offer a clear cost advantage over earth mined diamonds. They are created in a controlled environment, making them more affordable for consumers. This affordability makes them a great choice for those who want to purchase a diamond without spending a lot.

Plus, lab grown diamonds have similar characteristics to earth mined diamonds. Physically and chemically, they are indistinguishable from naturally occurring diamonds. This means you can get the same beauty and allure of a diamond for a lower price.

Furthermore, lab grown diamonds bring environmental sustainability benefits. The mining process for natural diamonds causes land disturbance and high energy consumption, leading to ecological damage. Lab grown diamonds reduce the need for mining and have a smaller carbon footprint, making them a more sustainable option.

Additionally, lab grown diamonds address ethical concerns. Traditional diamond mining practices can involve human rights issues. By choosing lab grown diamonds, you can make a purchase that aligns with your values of social responsibility and ethical sourcing.

Environmental sustainability and ethical considerations

Lab grown diamonds offer eco-friendly and ethical benefits. They’re made in a lab using advanced tech, so diamond mining and its environmental effects are reduced. Lab grown diamonds have a smaller carbon footprint than earth mined diamonds. They need less energy and make fewer greenhouse gases.

Growing diamonds in a lab is more controlled and clear. Ethical standards are met, without risk of conflict or unethical practices. Lab grown diamonds also combat human rights violations and labor exploitation linked to traditional diamond mining.

You can prioritize sustainability and support responsible companies when you choose lab grown diamonds. Plus, you have a traceable supply chain, so you know where your diamond came from and the conditions it was made in.

Ethical considerations are key when dealing with lab grown diamonds. The freedom to customize your bling is an added bonus. So, why be like everyone else? Lab grown diamonds provide a responsible and conscientious alternative.

Wide range of options and customization

Lab grown diamonds offer a range of options and personalization. These man-made diamonds can be made with specific characteristics like cut, color and clarity to meet individual preferences. This allows greater customization when choosing a lab grown diamond.

A table can be used to show the options and customization available. Columns can include carat weight, shape, color grade, and clarity grade. Each row in the table represents a combination of these characteristics, displaying the range of options.

For instance:

Carat Weight	Shape	Color Grade	Clarity Grade
1	Round	D-E	VS1-VS2
0.5	Princess	F-G	SI1-SI2
1.5	Oval	G-H	VVS1-VVS2

This table shows some of the options and customization achievable with lab grown diamonds.

Apart from various combinations of characteristics, lab grown diamonds have unique features that may differentiate from earth mined diamonds. For example, they can have a more consistent color distribution throughout the stone compared to natural diamonds. This gives consumers control over their desired aesthetic for their diamond jewelry.

Interestingly, lab grown diamonds were initially developed for industrial use, not jewelry. But, advancements in technology enable them to have high quality and visual appeal suitable for fine jewelry. This has increased consumer demand for these customizable alternatives to earth mined diamonds.

The Need for Insurance

Photo Credits: Www.Lab-Grown-Diamond-Earrings.Com by Elijah Young

With valuable items and investments at stake, safeguarding against loss, theft, or damage is crucial. Moreover, the emotional distress and sentimental value attached to these belongings make insurance a necessity. According to reference data, insuring lab-grown diamonds becomes essential in protecting these precious assets.

Protecting valuable items and investments

Insuring lab grown diamonds is essential for protecting their value and the financial investment made in acquiring them. Insurance coverage allows owners to recoup their investment in case of unforeseen events, while reducing the monetary impact of theft incidents. Plus, it offers emotional reassurance in cases where sentimental value is attached to the gems.

Thus, insuring lab grown diamonds ensures that owners can fully appreciate these precious stones without worrying about potential losses or damages. It provides a sense of security and peace of mind, safeguarding their future. BriteCo offers appropriate insurance options to confidently protect these luxurious assets.

Ultimately, insuring lab grown diamonds is not only a practical choice but also a necessity in securing valuable investments. Whether it is shielding against physical risks or providing emotional reassurance, insurance plays an important role in preserving the value of these exquisite gemstones. So, don’t forget: Diamonds may be a girl’s best friend, but insurance is their lifesaver!

Safeguarding against loss, theft, or damage

Loss, theft, or damage are risks lab grown diamond owners may face. It’s vital to have safeguards in place. Steps to mitigate these risks:

• Keep diamonds in a safe/vault when not in use to protect from theft.
• Get comprehensive insurance coverage tailored to lab grown diamonds. Policies cover replacement costs/compensation for market value.
• Use tracking devices/technologies to trace/recover stolen diamonds.

Be proactive in safeguarding investments against potential losses. Necessary precautions/appropriate insurance coverage ensure peace of mind.

Proper documentation also helps: appraisals, certificates, receipts, photos. Update insurance policies regularly to include changes in value/circumstances.

Comprehensive approach to protecting lab grown diamonds: preventive measures/suitable insurance. Peace of mind knowing assets are well-secured.

Insuring lab grown diamonds: Emotions can’t be replaced, but diamonds can.

Emotional distress and sentimental value

Emotional distress and sentimental value are important when insuring lab-grown diamonds. These diamonds may be gifted for special occasions or passed on through generations. In the event of loss, theft or damage, the emotional anguish can be severe. That’s why insurance is needed for peace of mind and protection.

Sentimental value of lab-grown diamonds is huge. People pick them carefully, as symbols of love, commitment and memories. An engagement ring, a necklace passed on from grandmother to granddaughter – all hold immense sentimental value.

Insurance not only protects against distress, it also covers the financial investment made in acquiring the diamond. Lab-grown diamonds can be expensive, especially if customized or designed. Insurance ensures owners are financially protected in case of unforeseen events.

A customer lost her lab-grown diamond engagement ring while traveling overseas. It was custom-designed by her fiancé and symbolized their upcoming marriage. She was distraught, but relieved knowing she had insurance coverage. This shows how essential insurance is for protecting against financial and emotional losses of lab-grown diamonds.

Insurance Options for Lab Grown Diamonds

Photo Credits: Www.Lab-Grown-Diamond-Earrings.Com by Jerry Scott

When it comes to insuring lab-grown diamonds, understanding your options is crucial. In this section, we will explore the different insurance possibilities available for lab-grown diamonds. From personal possessions coverage under homeowners’ policies to specialty jewelry insurance policies and diamond insurance policies, we’ll discuss the various avenues that can safeguard your valuable lab-grown diamonds. So, let’s delve into the world of insurance options to ensure you have all the information you need to protect your precious gems.

Personal possessions coverage under homeowners policy

Keep your lab grown diamonds safe with homeowners policy coverage. This type of insurance safeguards against theft, fire, or disasters. It also covers the replacement cost of your diamond. It might require extra endorsements or limits for high-value items.

This way, if something unfortunate happens to your diamond, you can replace it without a major financial burden. Review the terms and conditions before including your diamond in the coverage.

Data shows that lab grown diamonds’ market value is projected to reach $28 billion by 2030. Specialty jewelry insurance policies are needed to protect these precious gems. Get one and rest assured that even if things get tough, your wallet won’t take a hit.

Specialty jewelry insurance policy

Specialty jewelry insurance policies are created specifically to cover high-value and unique pieces of jewelry, like lab grown diamonds. They provide protection for loss, theft, and damage.

These policies insure the full value of lab grown diamonds if they are lost or damaged. Also, they cover theft, no matter if it happens at home or outside.

Accidental damage is also covered. Chips, scratches, and other issues can be repaired or replaced with this policy.

Plus, mysterious disappearance and unexplained loss are covered too. This means you can get compensation, even if you don’t know how the diamond went missing.

On top of that, these policies offer global coverage. So, your lab grown diamonds are safe wherever you go.

Ordinary homeowners policies can insure lab grown diamonds, but specialty jewelry insurance policies have higher limits and more coverage options.

That’s why it’s important to research and compare different policies to find the best one for your lab grown diamonds.

Diamond insurance policy

Diamond insurance policies are designed for lab grown diamonds. They provide coverage against a variety of risks, giving owners peace of mind. In the event of loss, theft, or damage, providers like BriteCo have dedicated teams to handle claims quickly.

These policies are customized for lab grown diamonds. Coverage options and premiums are based on their unique characteristics and value. By getting a diamond insurance policy, owners can protect their diamonds and avoid financial losses.

The rising demand for lab grown diamonds makes insuring them even more important. With a diamond insurance policy, owners can reduce the risks and losses associated with owning lab grown diamonds.

Cost of Insuring Lab Grown Diamonds

Insuring lab grown diamonds comes with its own unique considerations, especially when it comes to the cost. In this section, we will discuss the factors that influence the insurance cost for lab grown diamonds and compare it to the insurance cost of earth mined diamonds. Let’s delve into the figures and factors that determine the cost of insuring lab grown diamonds.

Factors influencing insurance cost for lab grown diamonds

Origin & Quality: Origin & quality of lab-grown diamonds are essential to insurance costs. Factors like size, cut, color & clarity affect the diamond’s value and cost. High-quality diamonds usually have higher insurance premiums.

Appraisal Value: Appraised value of a lab-grown diamond is a major factor in insurance cost. Insurers consider market value, assessed by an independent appraiser. A higher appraisal value may result in a higher premium.

Security Measures: Security measures taken to protect lab-grown diamonds also affect insurance costs. Storing diamonds in a secure safe or installing security systems can lower premiums.

Location: Location where lab-grown diamonds are kept or worn can influence insurance costs. Regions with higher rates of theft or risk may have higher premiums.

Policy Coverage: Extent of coverage offered by an insurance policy affects its cost. Comprehensive policies covering many risks have higher premiums than more limited policies.

Insurance Provider: Insurance provider chosen influences insurance costs for lab-grown diamonds. Different providers have different pricing & criteria for assessing risk. Comparing quotes can help individuals find the best coverage.

These factors are significant in determining insurance costs for lab-grown diamonds. It’s important to get accurate & personalized info from an insurance professional or provider. By considering these factors, individuals can make informed decisions about insuring their lab-grown diamonds.

Comparison of insurance cost between lab grown diamonds and earth mined diamonds

Lab grown diamonds and those mined from the earth have different insurance premiums. Comparing the insurance costs of both can give valuable info to those who are seeking to insure their lab grown diamonds.

Let’s look at the table below for more info:

Insurance Cost Factors	Lab Grown Diamonds	Earth Mined Diamonds
Value	Lower	Higher
Rarity	More common	Less common
Replacement Cost	Lower	Higher
Risk of Theft	Similar	Similar

As shown in the table, various factors influence the insurance cost for lab grown diamonds as opposed to earth mined diamonds. Lab diamonds are typically valued lower than mined diamonds, leading to reduced insurance premiums. Furthermore, lab grown diamonds are more commonplace and easier to replace, thus making their insurance costs even lower.

However, it is important to take certain aspects such as risk of theft and rarity into consideration as they can have similar effects on the insurance costs of both diamonds. Insurance premiums may vary depending on individual circumstances.

For maximum protection of your lab grown diamonds, BriteCo is the go-to insurance provider.

BriteCo: A Trusted Jewelry Insurance Provider

Photo Credits: Www.Lab-Grown-Diamond-Earrings.Com by Nathan Allen

BriteCo, a trusted jewelry insurance provider, offers comprehensive coverage for lab grown diamonds. Discover the services provided by BriteCo and the benefits of choosing them for your lab grown diamond insurance needs.

Overview of BriteCo and its services

Trustworthy BriteCo offers comprehensive services to insure lab grown diamonds. They specialize in protecting valuable items and investments, giving customers assurance. Understanding the unique qualities & value of lab grown diamonds, BriteCo offers tailored insurance options.

BriteCo is a great choice for lab grown diamond insurance due to their expertise and selection of coverage options. They include personal possessions coverage, specialty jewelry policies, and diamond policies made for lab grown diamonds. So, customers can pick the policy that fits their needs.

BriteCo doesn’t just provide coverage. They also offer a guide on how to insure lab grown diamonds, helping customers every step of the way. From researching providers and policies to gathering documents and information, BriteCo is there.

Plus, BriteCo has a transparent pricing model. The cost of insurance depends on the value, characteristics, and desired level of coverage of the lab grown diamond. This way, customers know what they’re paying for and can make wise decisions.

All in all, BriteCo is the go-to for insuring lab grown diamonds. Their expert know-how and range of coverage options bring peace of mind, protecting against loss, theft, or damage. With their services and pricing model, BriteCo is a trustworthy partner for lab grown diamond insurance.

Benefits of choosing BriteCo for lab grown diamond insurance

BriteCo offers amazing benefits for insuring lab grown diamonds.

• Comprehensive coverage protects against loss, theft, or damage.
• Strives to provide peace of mind to policyholders.
• Trusted jewelry insurance provider with competitive pricing.

Uniquely, BriteCo provides specialized knowledge and experience in the field of lab grown diamond insurance. They offer personalized coverage options that cater to individual needs and preferences. This sets them apart as a leading provider in the industry.

Insure your lab grown diamonds with ease; follow this step-by-step guide and protect your gems like a pro.

How to Insure Lab Grown Diamonds: A Step-by-Step Guide

Photo Credits: Www.Lab-Grown-Diamond-Earrings.Com by Larry Allen

Looking to insure your lab-grown diamonds? This step-by-step guide will help you navigate the process seamlessly. From researching insurance providers and policies, to gathering necessary documentation and information, to evaluating coverage options and selecting the right policy, to finally applying and completing the required paperwork, we’ll cover it all. Stay tuned for expert tips and insights to ensure your lab-grown diamonds receive the protection they deserve.

Researching insurance providers and policies

To research insurance for lab-grown diamonds, you need to consider the following factors:

• Reputation: Look for providers with a good reputation in the insurance industry.
• Experience: Choose providers that have experience in insuring lab-grown diamonds.
• Financial stability: Check the financial stability of the insurance companies you are considering.
• Customer reviews: Read reviews and testimonials from customers to gauge their satisfaction with the provider.

To obtain this information, you can:

• Conduct online searches
• Refer to industry publications
• Seek recommendations from trusted sources

Once you have gathered information about different providers, compare coverage options, exclusions, deductibles, and premiums. This will help you find the best value for your insurance policy.

Create a list of potential providers and contact each one to ask questions regarding:

• Coverage limits
• Claims process
• Terms & conditions
• Extra services

By asking these questions, you can assess if the policy meets your needs and offers sufficient protection for your lab-grown diamonds.

Take your time to research and ensure you select a reputable provider that offers comprehensive coverage at competitive rates. This thorough research will give you peace of mind knowing that your diamonds are adequately protected.

Lastly, gather all the necessary documents and information required for insuring your lab-grown diamonds. This may include paperwork such as certificates, appraisals, and proof of ownership.

Gathering necessary documentation and information

Ensure your lab grown diamonds are properly insured with this 3-step guide!

1. Step 1: Get proof of purchase. Documentation like receipts, invoices or certificates from diamond dealers or jewelers verifies authenticity and value.
2. Step 2: Include diamond certificates. These grading reports supplied by gemological labs provide information on the diamonds’ quality and characteristics.
3. Step 3: Obtain appraisals from certified gemologists. The appraisal must include a comprehensive assessment of quality, size, color, clarity, cut grade and overall value.

Having the right documentation is key. It helps with an efficient insurance process and an accurate evaluation of the diamonds’ worth.

Evaluating coverage options and selecting the right policy

Evaluating coverage options for lab grown diamonds? Carefully review each policy’s coverage details. Check what’s offered in terms of protection against loss, theft, or damage. Note the limits and deductibles. Also, be aware of any exclusions or limitations. Compare pricing, and factor in any discounts or extra benefits. Unsure? Get advice from a professional jewelry appraiser or insurance specialist. Remember: selecting proper coverage can bring peace of mind.

Pro Tip: Get multiple quotes to compare coverage, pricing, and benefits. Don’t forget the paperwork – that’s almost scarier than a disappearing diamond!

Applying for insurance and completing the necessary paperwork

When it comes to insuring lab-grown diamonds, there are

1. First, consider the reputation of insurance providers.
2. Second, gather all necessary documents, such as certificates of authenticity and appraisals.
3. Lastly, carefully evaluate coverage options and select a policy that offers suitable protection.

This way, owners can ensure their diamonds are safe and secure. So, insure your bling and enjoy peace of mind! Don’t let an unexpected diamond disaster ruin your sparkle!

Conclusion

Photo Credits: Www.Lab-Grown-Diamond-Earrings.Com by Lawrence Lewis

So, in the end, insurance companies identify the worth and excellence of lab-grown diamonds. They have tailored coverage to preserve them from sundry risks. Seeing as lab-grown diamonds are becoming more accepted, insurance for these gems is becoming broader. It offers a complete protection for businesses and individuals who wish to invest in these diamonds.

Latest Data on the Popularity and Value of Lab Grown Diamonds

Lab grown diamonds have gained a lot of popularity and value in the recent years. Created with advanced technology in a controlled environment, these diamonds offer a sustainable and ethical alternative to natural diamonds.

The demand for lab grown diamonds is increasing since people are becoming more conscious of environmental and social issues related to diamond industry. Furthermore, their unique qualities and benefits are also increasing their value.

The below table contains data related to the popularity and value of lab grown diamonds:

Category	Data
Popularity	Rising demand due to sustainability and ethical concerns
Value	Increasing value as recognition grows
Technology	Advanced methods to make diamonds in a controlled environment
Market	Expanding market as more people buy lab grown diamonds
Unique Qualities	Sustainable sourcing, identical physical properties, lower price range

This table reveals that the popularity and value of lab grown diamonds are rising. People are looking for alternatives to natural diamonds due to sustainability and ethical issues. Moreover, the technology used to make lab grown diamonds results in physical properties that are identical to natural diamonds. Plus, they are available at a lower price range.

To understand the impact of lab grown diamonds, consider the story of Jane. She wanted an engagement ring but was worried about the environmental and ethical implications of natural diamonds. After researching about lab grown diamonds, she got one for her partner. Not only did she find a stunning diamond but also felt confident that she had made a socially responsible choice. This shows how lab grown diamonds are gaining popularity among people who prioritize sustainability and ethics.

Importance of Insuring Lab Grown Diamonds for Protection and Peace of Mind

Photo Credits: Www.Lab-Grown-Diamond-Earrings.Com by Robert Roberts

Lab grown diamonds offer a special chance to possess and appreciate the beauty of these stunning gems. It is vital to think about insuring lab grown diamonds for safety and mental reassurance. These diamonds, made in a laboratory, still have substantial worth and should be safeguarded against potential loss or harm.

By insuring lab grown diamonds, people can make sure they are shielded in case of theft, loss or unintended damage. Lab grown diamonds can be just as precious as their natural counterparts; and in some cases, even more so due to their ethical and sustainable production methods. Thus, it is necessary to have correct insurance coverage to reduce possible financial losses.

Besides defending against financial loss, insuring lab grown diamonds also offers peace of mind. These diamonds may hold emotional value and carry emotional importance for their owners. Knowing they are insured gives them confidence that, if something bad happens, their investment will be secure and they can replace or fix their cherished lab grown diamond.

It is noteworthy that some insurance firms may have detailed policies or demands for insuring lab grown diamonds. Therefore, it is essential to thoroughly inspect and understand the terms and conditions of the insurance policy to make sure complete coverage and adherence to the insurer’s instructions. In this way, individuals can have the most confidence in the security and mental ease that comes with insuring their lab grown diamonds.

FAQs about Can Lab Grown Diamonds Be Insured?

Can lab grown diamonds be insured?

Yes, lab grown diamonds can be insured to protect their value and provide additional protection against loss, theft, or damage.

What is the recommended insurance option for lab grown diamonds?

There are two recommended options for insuring lab grown diamonds. One option is to add a rider or “floater” to an existing homeowners policy, which covers the replacement cost of the lab grown diamond jewelry. Another option is to get a specialty jewelry insurance policy from a provider that specializes in jewelry insurance.

What factors determine the cost of insuring lab grown diamonds?

The cost of insuring lab grown diamonds depends on the appraised value of the jewelry item, the consumer’s area of residence, and the rates of the insurance company. On average, the cost ranges from half a percent to three percent of the jewelry item’s appraised value per year.

What is the difference between actual cash value and replacement cost coverage in diamond insurance?

Actual cash value coverage deducts depreciation from the replacement value of the damaged item, while replacement cost coverage provides the amount needed to replace the damaged item without depreciation. Diamond insurance policies typically offer replacement cost coverage.

Are lab grown diamonds as valuable as natural mined diamonds?

Yes, lab grown diamonds are just as valuable as natural mined diamonds despite claims by natural diamond jewelers. Lab grown diamonds have resale value and are becoming more popular in the market. They are a unique and sentimental choice for luxury pieces of jewelry, such as engagement rings.

Should I consider purchasing a specialized diamond insurance policy or add the diamond to my homeowner’s policy?

It is recommended to consider purchasing a specialized diamond insurance policy rather than adding the diamond to a homeowner’s policy. Specialized diamond insurance policies provide more comprehensive coverage, including coverage for accidental loss, theft, routine damage, and natural disasters. They also do not affect homeowner’s insurance premiums.