|Posted on May 19, 2012 at 6:55 PM|
We all insure our cars with auto insurance and our houses or apartments home owners insurance but what about your jewelry? Many people think that a homeowner’s insurance policy will cover your watches or jewelry. You will need to talk to your adjustor about what the policy will cover; many will only pay up to a certain amount. For this reason, you will need to get your pieces appraised and have them itemized on your insurance policy. To do this, take the pieces that you would like to be appraised to your jeweler who will have them professionally appraised.
A professional appraisal, which is done be a certified gemologist, includes pictures of the jewelry as well as a very detailed description of it. In this document you will find a description of every stone (if there are any) including the color, size and quality, the weight of the metal and replacement value. When you receive the document, make sure to make a copy for yourself and the original goes to your insurance adjustor. Also one copy stays with the jeweler in case it is needed. This will insure that your jewelry and watches are covered in case they are lost, stolen or damaged.
If you may have any questions, we are at your service.