A jewelry appraisal is a document from an expert, called an “appraiser”, that provides an estimated value of a piece of jewelry. ; Jewelry appraisals are often used for insurance purposes, but can also come in handy if you’re selling your jewelry, or estate planning. ; Factors like the gemstones and metals used, the condition, and current market demand can all impact the value of your jewelry.
Automatic Coverage for New Items · If you already have jewelry itemized on your policy, any newly acquired pieces will be covered for up to 90 days (25 percent of itemized coverage). ; Liberal Appraisal Requirements · We only require appraisals for individual jewelry pieces valued at $100,000 or more. Otherwise, we just need a detailed description and estimated value. ; Paying Market Value · If the market value of an item before a loss exceeds the amount of coverage, we'll pay up to 150 percent of the amount, itemized on your policy to account for increases in market value.
The value of your jewelry may exceed your homeowners policy limits. Find out how a jewelry appraisal for insurance helps you get enough coverage.
Jewelry insurance helps protect your valuables from loss, theft, damage and disappearance. Get a jewelry insurance quote, find the right coverage for you and more.
Insurance for high-value jewelry with replacement coverage of up to 125%.
Engagement and wedding rings · Earrings · Heirloom Jewelry · Watches · Loose stones while being set
Insurance Appraisal ; Estate Appraisal ; Collateral Appraisal ; Expert Witness ; Estate Brokerage ; Jewelry Liquidation
GemLab offers accurate, unbiased diamond appraisal, diamond certification, lab reports, jewelry appraisal, watch appraisal in New York City and Long Island.
Nerdy takeaways ; Jewelry insurance pays to replace or repair your jewelry if it’s stolen or damaged. ; You can get jewelry insurance through your homeowners or renters insurance company or from stand-alone jewelry insurers. ; Insurance for jewelry generally costs 1% or 2% of the item’s value per year.
BriteCo, Jewelers Mutual and Gemshield are the best jewelry insurance companies, according to Forbes Advisor's Analysis.