You must know-Appraisal of Jewelry insurance

If you want to secure and protect your precious jewelry? The most expensive and ever green worth valued item of our lives. You know that there is always fluctuation in the value of Dollar, Euro and other all currencies, but the most growing and valued thing if there is in market then it is surely gold and precious jewels. And at least for me I never ever want to lose my wedding ring and same like gifts and jewelry which had gifted to me by my husband.

I never want to lose any of my jewelry, but beside that I had insured all my jewelry because I know that the there is nothing any replacement the same items but I never want to take only sighs.

Yes surely insurance of my jewelry, only compensates the loss of the worth but my emotions which I’d fixed with those memorable jewels can’t be return. But it is good to make yourself at safe side and make the replacement or repairing of these items.

So before the insurance it is necessary that the jewelry should be appraised through appraisal or some sort of way we can that evaluate the worth. Every insurance company needs the appraisal of your jewelry which is going to be insured.

Mind that jewelry insurance is compensating you when your lovely and expensive jewelry has been lost, theft or broken in any misshaping. So before insurance you must know that in appraisal of insurance what things are to be evaluated. Because when you claim of your jewelry loss then insurance company only relies on the appraisal which you have provided and any registered jeweler attest it.

In appraisal following things are checked thoroughly.

• How many gemstones and what type of the stones are fixed.
• If there are pearls then which type of these pearls are, the size of pearls, shape as well as luster too.
• Which type of gold, platinum or simply say that material and mounting is in it.
• The size and clarity of diamond, its carat weight and color, and same criteria is also with gemstones too.
• If your jewelry is in shape of your watch then its company, model number, serial number of manufacturer is also checked and written.
• If your jewelry is in neck chain or wrist chain, then carat of gold, weight length and look style is mentioned.
• The current market rate, value and if you are paying tax then you must provide its detail.

Mostly cases of theft or broken cases are rejected due to unawareness and any lack of above mentioned documentation. So here I’ve shared with you because you must know about the appraisal of your jewelry.

How to insure Jewelry -Tips and warning

You might be surprised to learn that your homeowner's or renter's insurance policy probably does not offer full coverage for your engagement ring and other fine jewelry. Your insurance policy probably covers jewelry theft, but not loss that occurs for other reasons.

1.Have all of your fine jewelry appraised by an independent appraiser. Make sure each item is listed, described and valued on paper.

2.Read your home owner's or renter's insurance policy to find out the amount of coverage it provides for items such as jewelry. The best insurance will cover loss, theft and damage.

3.Keep in mind that rates for personal jewelry insurance may vary according to your state or country, and you can select coverage with or without a deductible.

4.Speak to your insurance agent about adding a rider to your home owner's policy to cover jewelry that goes beyond the value of personal property covered in the basic policy. You can also ask about taking out a separate policy on your valuables.