It is important to avoid valuers who also sell or trade the items they appraise, as this creates a conflict of interest that can compromise the objectivity of the valuation. This figure is critical because standard household policies often have sub-limits for jewellery, meaning a basic policy might only cover up to $1,500 or $2,000 per item.
Professional Jewellery Appraisal Insurance Submission Guide
Information to Provide to Your Valuer To facilitate an efficient and accurate assessment, gather relevant documentation and information about your jewellery beforehand. If you have recently inherited a collection or acquired an antique, a valuation is necessary to understand its true worth.
Designer jewellery from brands such as Cartier, Tiffany, or Van Cleef & Arpels. Fine watches from renowned manufacturers.
Professional Jewellery Appraisal Insurance Submission Guide
It is also essential to update valuations every few years or following major life events, as market values for precious metals and gemstones can fluctuate significantly. High-karat gold or platinum items.
More About Valuing jewellery for insurance
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More perspective on Valuing jewellery for insurance can make the topic easier to follow by connecting earlier points with a few simple takeaways.
