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Passion Assets: A True Love of Collecting

Art Peritus

These assets reflect an owners personal interests or hobbies and span diverse categories, including fine wine, classic cars, rare watches, couture clothing and accessories, jewelry, rare stamps, coins, and, of course, art and antiques. This makes it critical to secure proper coverage.

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

International Society of Appraisers

One question you should ask yourself is “am I properly insured if something catastrophic happens?” ” Insurance companies often require an appraisal before providing coverage for fine art and jewelry. Their expertise ensures that the valuation is accurate.

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Office Hours Information from March 2025

International Society of Appraisers

Q: In a damage claim, what's the most common marketplace for determining the fair market value of diamond jewelry? You can replace “diamond jewelry” with other types of property and ask yourself similar questions. For example: Where does pre-owned diamond jewelry sell to the public?

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Decoding Jewelry Appraisals: A Comprehensive Guide

John Thomas Jewelers

Jewelry appraisals protect your valuable pieces in the event of damage, loss, or theft. Without a proper evaluation of your jewelry’s worth, you can’t get insurance coverage for it. Some of the questions we answer include: What is a jewelry appraisal? Who performs jewelry appraisals? What is a jewelry appraisal?

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The Collector

Penrose Appraisals

A standard insurance policy written to provide replacement value for losses would perhaps go into the market to find out what the dress costs to buy new. Also, standard homeowners insurance policies may have maximum amount of coverage for certain categories. Jewelry is perhaps the most common example.

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Protecting Your Collection and Your Wallet: What You Could Lose If You Suffer a Loss Without an Appraisal

McAllister Fossum Appraisal Services

Understand Your Homeowner’s Insurance Policy The biggest problem I see after a devastating loss is underinsurance, meaning that homeowners suffer a loss yet fail to recover tens of thousands of dollars just at the time when they have lost everything they hold dear. Keep a copy of the insurance policy handy too.