article thumbnail

The Role of Jewelry Appraisers in Insurance Valuation

Buckhead Jewelry Appraisers

Or maybe you’ve decided to insure your jewelry collection, but without accurate appraisals, you’re left vulnerable to inadequate coverage and potential financial loss in case of unforeseen circumstances. These scenarios reflect the all-too-common struggles encountered in jewelry valuation. What do Jewelry Appraisers Do?

article thumbnail

What is the Difference Between Antique Appraisal and Valuation?

Antique Appraisers Auctioneers

We will show you the step-by-step process to ensure you find a reliable assessor and understand the difference between assessment and valuation. Antique Valuation: What You Need to Know An antique valuation is a more comprehensive process than a formal appraisal. It involves a different level of research and detail.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why Accurate Appraisals Matter in the New Year

Penrose Appraisals

Below that number, you can do the valuation yourself, but may have greater peace of mind if you hire an appraiser. Appraisals can help ensure adequate insurance coverage. And this valuation should be routinely updated as markets can change rendering items more, or less, valuable than they once were.

article thumbnail

Why do you need to have extra insurance coverage for fine art & jewelry?

International Society of Appraisers

” Specifically, many people may not realize that traditional homeowners insurance policies typically have coverage limits that may not be sufficient to adequately protect high-valued property such as fine art, jewelry, or luxury items. Their expertise ensures that the valuation is accurate.

article thumbnail

What Are the Different Types of Jewelry Appraisals

Buckhead Jewelry Appraisers

Whether it's a family heirloom passed down through generations or a recent acquisition, knowing it's worth not only provides peace of mind but also serves practical purposes such as insurance coverage, resale considerations, and estate planning. This is where jewelry appraisals come into play.

article thumbnail

Insuring and Valuation Updates in more Dynamic Markets

ValuePros Appraisal Services

By Ray Nugent Fine Art Insurers require more frequent valuation updates for Fine Art items than other less dynamic markets. Insurers are keenly aware of this phenomenon and therefore, require regular valuations updates, typically, every 2-3 years. Coverage is relatively affordable.

article thumbnail

What Documentation Do I Need for a Jewelry Appraisal

Buckhead Jewelry Appraisers

Insurance Purposes: Insurance companies often require detailed documentation for jewelry appraisals to determine coverage amounts and premiums accurately. One of the primary purposes of a written jewelry appraisal is to facilitate insurance coverage. This includes information about the materials used (e.g.,