Theft vs. Mysterious Disappearance

Q

Our homeowners insured recently reported the loss of a diamond ring. She had stayed overnight in a motel and left it in the room when she departed the next day. She did not discover that it was missing until she got home. A call to the motel revealed that the ring had not been turned in to lost-and-found. Upon the advice of her agent, the insured notified the police “for insurance purposes” and submitted a claim to us for theft of the ring.

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