Unfortunately, I've met too many people who assumed their jewelry was covered under their homeowner's policy. after a loss. Now is the perfect time to call your insurance agent to ask how much insurance you have on your jewelry.
Take a moment to check your jewelry appraisals. Somewhere on the appraisal there should be a note that states the precious metal price on the date that appraisal was completed. Now, search current precious metal prices. Is there a significant difference? If so, it's time to have your jewelry appraisal updated.
When you visit my office, you will see the following designations on my wall: Graduate Gemologist, Fellow Of Gemmological Association Of Great Britain and member: National Association of Jewelry Appraisers. To achieve the designations I not only had to take classes, I had to pass tests to confirm I was proficient. I invite encourage you to confirm not only my designations; but that of all persons you use to appraise your jewelry.
Does your appraisal include the measurement, estimated weight, clarity and color of each stone. Precious metal weight of the jewelry item. Current precious metal price. Retail replacement price. Images of the jewelry that are sufficient for another person to replace the jewelry? I see some appraisals that simply state the total carat weight and number of stones. That is not sufficient. Is there proper wording required for the insurance company to properly insure the item for replacement? Different wording is required based on if the jewelry is custom, estate, vintage or mass produced. . It is crucial the jewelry appraiser know the name of your insurance company and what that company requires. .
Make an appointment with us to bring the receipt from your recent purchase to receive a second opinion about the quality of the jewelry and the price you paid.