JRS Replacement vs. Cash-out

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Why is Replacement Better Than Cashing Out?

Your company maintains a customer when they reschedule their jewelry after the claims process has been completed. Replacement helps reduce fraud and abuse by preventing the policy from being used as an easy way to obtain cash. Replacement helps underinsured customers become whole again. Your buying power often allows replacement that otherwise would be impossible for the insured. You can avoid addressing the cost savings issue with the insured, which can often turn into an awkward situation during a cash-out.