Why Jewellery Valuation for Insurance Essential?

Jewellery valuation for insurance is crucial if you want to receive the precise amount of insurance claim that you deserve. In case of loss, theft or damage, your insurance company will require a certified valuation document to prove your ownership and the true worth of your valuable items.

You Need Valuation For The Insurance Company

As mentioned earlier, if you somehow lose your coveted items or they are damaged, your insurance company before settling the insurance claim would ask you for a valuation document from a reputed jewellery valuation service.

A certified jewellery valuation document prepared by an experienced valuer includes all the required details about the items appraised. It will have a picture of items along with its condition details; say if there are any scratches then it would be mentioned in the document. If it’s a studded ring then the metal, its weight, the count of all the diamonds or any other precious or semi-precious stones, carat, colour and every minute detail will be mentioned. The document reveals the true replacement value of the jewellery items at the time of appraisal. 

At times insurers don’t require a valuation document. It only happens for items costing pretty low. But experts suggest that one should always get the valuation done, whatever is the worth of your jewellery items. In fact, trivial items can be grouped. This can ensure that you are never at loss. 

Jewellery Valuation Service

If you are wondering from where to get your jewellery valued, then no need to worry! Prestige Valuations, a leading valuation company in the UK is your trustworthy one-stop destination for all types of appraisals, including jewellery valuation, watch valuation, bags valuation and antique valuation. 

You can even get your jewellery valued online, a hassle-free option. With just three steps and a mouse click, your precious items can be valued accurately. 

 A professional valuation service will ensure that you are accurately insured for all your jewellery pieces. An expert valuer knows his job, he will mention every minute detail in the document so that in case of any untoward event, you can get the exact amount of insurance that you deserve. 

What type of insurance you require is also important. Appraisals can be based on new replacement value or second-hand replacement value, or as per the requirement. 

Jewellery valuation for insurance is essential to ensure that you are not under insured. In case of loss, theft or damage, your insurance company will require a certified valuation document to prove your ownership and the true worth of your valuable items. So, it’s always better to have the valuation document with you.