Jewelry Insurance - Hints and Tips
(c)David Foard - All Rights reserved
As crime and drug use increases, the risks involved in having
Antique and Estate Jewelry just lying around your home seem to
treble. It becomes a nightmare and you find you are just not
sure what to do.
Here are some timely pieces of advice, but by no means
comprehensive. If you have special circumstances, it may pay you
to go one step further and get some professional advice.
BALANCE AND COMMON SENSE...
If you collect Antique Jewelry and your collection has grown to
more than 'Just a couple of Rings' you will have a double edged
sword to handle. In the first place you have two problems.
* You are an active buyer, so people know who you are.
* Insurance has put 'Premiums' through the roof.
Personally, we just Hate to see items collected and never worn.
Jewelry was made to adorn, so if you can, wear them. But
remember this is an open advert to the whole world that you have
'Got some Jewelry' at Home. It pays to be just a little aware!
YOUR INSURANCE POLICY...
Your Home and Contents policy 'GENERALLY' does NOT cover your
personal Jewelry over a certain amount (this varies from company
to company). Plus if you had to claim, the Insurance company may
take a 'premium' from you (say $100) which they would DEDUCT
from the final payout.
The remaining value may not cover one item in your collection,
yet alone the 'sentimental' value associated with your personal
So you will have to list all of the items individually and get
an Insurance Valuation Appraisal Certificate as well.
Because 'Sentimental' value does not apply, only the replacement
costs, you will have to ensure your qualified
gemologist/jeweler/valuer understands why you are having an
appraisal done in the first place.
This can get expensive as professional appraisals typically cost
a flat 'Take-in' price of around $20 to $30 dollars plus a
sliding scale fee of approximately one percent of the final
In an item is valued around $1000 dollars, that fee is $10 + $20
take-in or $30 plus (sometimes much higher).
This is just for ONE item. Valuation Appraisals can cost up to
$60 dollars or more so if you have a small collection, you may
need a small fortune just to keep up with current prices.
The BIGGER your collection - The B I G G E R your cost!
But if you don't want a great outlay, you might just take
advantage of the useful 'Do-it-Yourself' Online Jewelry Self
Appraisal Kit at the Online Jewelry Appraisal Center at the
address shown below, which is a great alternative.
This ONLINE database system calculates everything for you and
prints out a descriptive Certificate and is hundreds of times
more accurate and thorough than your local high street jewelers'
At such a low fee it's money well spent. Indeed, if you just
purchased something on eBay or Yahoo auctions, for example, you
might wish to just confirm an approximate value by using this
easy to use DIY Jewelry Valuation Appraisal Kit. Suppose you
recently bought something from a local Dealer, on the Market or
Antique Fair, why not get it checked. What's the worst that
could happen? For less than the price of a Big Mac and Coke it's
a Bargain, plus there are many other advantages to having your
Jewelry done at the Online Jewelry Appraisal Center.
Your appraisal valuations should be re-done every couple of
years as the price of Gold and Silver changes, as does the price
of Diamonds and Gemstones and Antiques in particular.
We do offer an excellent reminder service to anyone who
completes a 'Do-it-Yourself' Online Jewelry Self Appraisal Kit
with us. This alone is worth the small fee as it relieves you of
But remember that if your Jewelry is lost or stolen, the
insurance cover will only help replace your treasure with
something of 'COMPARABLE' value.
It can't buy you 'sentiment' and it can't buy you another
Georgian Chatelaine to exactly replace the one you had. You may
be able to get another 'Similar' item though, and that is better
than the few dollars or so, you may have received from the
It pays to have an up-to-date Certificate. I can't stress that
If in doubt, talk with your trusted Insurance Company.
But even if it's just for 'Peace of mind', the small price (less
than a Cinema Ticket) is well worth the effort.
It's a No-Brainer really.
There are several other SPECIAL REPORTS available through our
eMail-on-Demand subscription box at the website, so please take
some time to visit.
There is a timely warning on Security issues. It's good advice,
plus there is some great tips on Investing in Jewelry, Insurance
guidelines and other notes on selling, Hallmarking tips etc, and
they are being added to all the time.
And the best bit is they are FREE....
Thank you for taking the time to read this special report. If
you thought it interesting, useful or found it helped you in any
way I would appreciate your comments via email at the address
This is my personal email address and I read every comment -
good or bad.
Alternatively: why not pass it on to a friend. I'm sure you can
think of someone who might benefit from this useful information.
Treat it as doing me a big favor. I will certainly appreciate it.
Thank you. As usual.... Take care and watch the road.
kind regards. David Foard F.G.A.A.
resident gemologist/valuer at the Online Jewelry Appraisal
P.S. There are many other complimentary Reports available to you
at our website, or if you haven't yet done so, you may like to
subscribe to our email-on-demand Newsletters - the Antique
Jewelry Guide - full of Hints - Tips - Secrets and Articles in
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