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So you’ve just inherited your grandmother’s vintage diamond ring, only to find out it’s not covered by your insurancepolicy because its value wasn’t properly appraised. Insurance valuation refers to the process of determining the monetary value of an asset, property, or item for insurancecoverage.
Typically, this involves analysis of comparable sales in the appropriate market. Reasons to Seek and Antique Appraisal There are various reasons that someone might need or want an appraisal: Insurancecoverage. Insurance and bonding. Market value determination. Transparent Fees.
Without a proper evaluation of your jewelry’s worth, you can’t get insurancecoverage for it. Jewelry appraisals are required for most insurancepolicies. These generic estimates lack the in-depth analysis necessary for accurate valuation. The evaluation is conducted by a certified and qualified appraiser.
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