Free Appraisals- the Truth
A “free” jewelry appraisal may sound great; but “free” is not free. Read this article to learn about what to ask of your potential Jewelry Appraiser.
Jewelry Insurance
Diamond Damage and the # 1 best repair
[sc_fs_multi_faq headline-0=”h2″ question-0=”1. If diamonds are the “hardest substance on earth,” how can they actually be damaged?” answer-0=”While diamonds are incredibly hard (resistant to scratching), they are not indestructible. They have a property called cleavage, meaning they can chip or crack if struck at the right angle or with enough force. Both natural and lab-grown … Read more
What is Jewelry?
Jew·el·ry /ˈjo͞o(ə)lrē/ noun This may seem like a terribly stupid question, especially in a jewelry blog, but it turns out to be important. The issue has to do with insurance. Jewelry vs. Diamonds and Other Loose Gemstones Much modern jewelry, especially engagement rings, are usually made up of a single primary diamond with a ring … Read more
Vendor Appraisal bad insurance 2024
Vendor Appraisal: Don’t Be Fooled by Free Estimates Many jewelry buyers are tempted by the offer of a “free appraisal” included with their purchase. While it might seem like a generous perk, is it truly a valuable asset, especially when it comes to insurance claims? Let’s delve into the world of vendor appraisals and uncover … Read more
What is Like Kind and Quality 2024
[sc_fs_multi_faq headline-0=”h2″ question-0=”1. What does “Like Kind and Quality” actually mean in a jewelry policy?” answer-0=”It means that if your jewelry is lost or stolen, the insurance company is committed to replacing the item with a piece of similar nature and value rather than simply giving you a cash payout. The insurer uses the specifications … Read more
Jewelry Insurance
[sc_fs_multi_faq headline-0=”h2″ question-0=”1. Why do I need a professional appraisal to get jewelry insurance? I” answer-0=”Insurance companies require a detailed appraisal because it defines exactly what they are insuring. Without a professional description, the insurer wouldn’t have the necessary specifications to provide accurate coverage or replace the item correctly in the event of a loss.” … Read more
What Does Appraised Value Mean for Jewelry Appraisals?
[sc_fs_multi_faq headline-0=”h2″ question-0=”1. Why isn’t an “appraised value” just the amount of money I can get if I sell my jewelry today?” answer-0=”An appraisal for insurance is not the same as a “bid” to buy. When you sell jewelry, the price depends on who is buying, their current inventory, and even their local popularity. An … Read more