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Jewelry Insurance - Hints and Tips So You Don't Get Ripped
Off
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
favorites.
So you will have to list all of the items individually and get
an Insurance Valuation 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 plus a sliding scale
fee of approximately one percent of the final value.
In an item is valued around $1000 dollars, that fee is $10 +
$20 take-in or $30 total. 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'
scribbled letterhead.
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 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
the problem.
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
Homeowners policy.
It pays to have an up-to-date Certificate. I can't stress that
enough.
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
shown below.
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.
President gemologist/valuer at the Online Jewelry Appraisal
Center.
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
every issue.
About The Author
David Foard is retired ("Ha..." he laughs). He is working
harder now than at any time in his life, especially over the 30
years he spent in the Antique Jewelry Trade as a qualified
gemologist and member of the Valuers Council. Now he concentrates
on the three 'R's of 'Reading' Ritin' and re-ritin articles,
courses and producing free reports and information at his
website.
Get all the info now by going to http://www.online-jewelry-appraisals.com
and follow the links at the Online Jewelry Appraisal Center.
[email protected]
 MORE RESOURCES updated Wed. September / 27 / 2023
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