Insurance and Replacement Value Appraisals:
A jewelry appraisal that offers an estimated retail value is called an Insurance or Replacement Value Appraisal. It is one of the most frequently requested jewelry appraisal types, and offers the most extensive description of your article of jewelry. This is the type of jewelry appraisal used when you wish to obtain insurance coverage for loss or damage. An appraisal provides you with protection for proper reimbursement. If you are interested in retail price to replace your item, you will request Replacement or Insurance Value appraisal. Replacement value and insurance value are synonymous.
Your jewelry appraisal will be your document that describes your jewelry items in exact and extensive detail. It will document metal content, stone measurements, clarity and color. The estimated values assigned to any item will be thoroughly researched.
Your appraisal validates the existence and condition of your jewelry, and can assist with proper insurance coverage and premiums should you decide to obtain an insurance. Depending on how the policy is written, these appraisals are then consulted at the time of loss, theft or damage, to assist in replacement. The replacement value appraisal reflects the price that the client would most likely pay for an item of the same or similar description on the date of the appraisal.