What is Jewellery Appraisal
The appraisal provides updated information for most insurance companies. The companies need to use the information to offer coverage for the jewellery piece. The update value with details description provided by an appraiser, will help smooth the settlement process for the loss.
If you are looking to sell a piece of jewellery, an appraisal can help you to determine its current market value and ensure both parties get what they are looking for.
What is the different between appraised value vs retail value
Retail value is set by the retailer, and an appraiser's work is to take the retail value of the jewelry and then establish the maximum possible value.
Why you should get an appraisal every couple of year?
Just like your house, the market price fluctuate as time goes by. It can go up or go down and to insurance the item properly, appraisal is recommended every 3 to 5 years.
More questions? Leave comment and we will reply as soon as we can.
Add comment
Comments