How long for jewelry appraisal

Your own word about the history and description of an item is great to have, but will only get you so far; written, detailed, and photographic information from an appraiser are needed to collaborate efficiently with your insurance company. Photographs taken of your items during an appraisal are especially helpful in the event of theft, for both insurance and police reports.

Jewelry appraisals are an investment for many reasons, for insurance purposes, and your own peace of mind, as they provide you with everything from an accurate, professionally determined value, to photographic documentation of your items.

Make sure to have your items professionally appraised on a regular basis to ensure that the value is the most accurate and up to date as it can be. About Geolat Applause. Retailers Sell Your Jewelry Appraisals. Why You Should Appraise Your Jewelry Whether it is because of divorce, equitable distribution, filing for bankruptcy, charitable or insurance purposes, there are many reasons to get an initial jewelry appraisal.

Jewelry Appraisals Are a Worthwhile Investment Jewelry appraisals are an investment for many reasons, for insurance purposes, and your own peace of mind, as they provide you with everything from an accurate, professionally determined value, to photographic documentation of your items.

About Us. Expect it to typically take anywhere from a few days to about a week depending on how many items need to be appraised. Sometimes we offer same-day appraisals, but usually only during special events or by appointment only. As previously mentioned, jewelry values fluctuate.

Additionally, if your appraisal is for insurance purposes, the insurance company may require you to update your appraisal periodically. Contact us with your questions or schedule an appointment with our gemologist to review your coverage and update your appraisals. Close Thin Icon. Your cart Close Alternative Icon. View all results. Hundreds more items available in our store. Now that you know if and when you need an appraisal, let's dive into what your appraisal needs to contain.

Your insurance company uses your appraisal to set the coverage limit on your policy. Basically, it helps them decide how much they'll pay out in the event of a claim which also decides how much your premium is.

When you have a repair or replacement policy, rather than a traditional cash-payout , you definitely need all these details:. If your insurer doesn't know exactly what your ring looked like before, how can they replace it with same kind and quality? Ask your jeweler for an appraisal, insurance evaluation or detailed receipt right away — it will save you the trouble of having to go back and ask for one later. Make sure the jeweler or appraiser uses official business letterhead with their contact information in case your insurer has questions.

Ask your jeweler or appraiser for their credentials. Not just anyone is qualified to give appraisals. Don't know where to start? Since jewelry insurance premiums the amount you pay annually to maintain your coverage are typically based on the value of the jewelry, what would happen if that value was incorrect?

Insuring your jewelry for its current retail replacement value is vital to repair or replacement.