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Jewelry appraisal for insurance is the most essential requirement for getting jewelry insurance. Standard homeowners' or renters' insurance may provide some coverage for your personal belongings, including jewelry. However, your insurance may have lower coverage limits and exclusions for certain types of losses.
A qualified jewelry appraiser can accurately determine the worth of your jewelry. Whether you are looking to sell your jewelry, ascertain the worth of a family heirloom, or seek insurance coverage, the expertise of a qualified jewelry appraiser near me is indispensable. What is a Jewelry Appraisal?
If you’re not a jewelry expert yourself, you need to get a professional appraisal to put a dollar figure on your most treasured pieces. A jewelry appraisal is a professional examination of one or more pieces of jewelry by an expert. Ideally, your appraisal will result in a reliable price estimate for insurance, tax or resale value.
My latest article for Worthwhile Magazine™ tackles a tricky area of appraising: understanding the different levels of value. This is one of the most confusing elements of appraising that I spend a lot of time discussing with clients, so I wanted to cover the subject in an article that could reach and help a much broader audience.
Some policies specifically cover transportation risks and will not only compensate for the loss in value, but often the substantial cost of restoring the piece is also covered. Since Homeowners and Renters policies typically have dollar limits, specialized policies for coverage of art, antiques, or luxury goods (like that new Birkin bag!)
Understanding the Difference in Value for Different Jewelry Appraisal Purposes In my daily conversations with clients, I often hear the question, “I want to know how much this diamond ring/watch/bracelet is worth.” My response is always the same: “What do you need the jewelry appraisal for?”
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