Jewelry Insurance – Hints and Tips So You Don't Get Ripped Off

As crime and drug use increases, the risks involved in having Antique and Estate Jewelry just lying around your home seem to treble. It becomes a nightmare and you find you are just not sure what to do.

Here are some timely pieces of advice, but by no no comprehensive. If you have special circumstances, it may pay you to go one step further and get some professional advice.

BALANCE AND COMMON SENSE …

If you collect Antique Jewelry and your collection has grown to more than 'Just a couple of Rings' you will have a double edged sword to handle.

In the first place you have two problems.

* You are an active buyer, so people know who you are.

* Insurance has put 'Premiums' through the roof.

Personally, we just Hate to see items collected and never worn.
Jewelry was made to adorn, so if you can, wear them.

But remember this is an open advert to the whole world that you have 'Got some Jewelry' at Home. It pays to be just a little aware!

YOUR INSURANCE POLICY …

Your Home and Contents policy 'GENERALLY' does NOT cover your personal Jewelry over a certain amount (this varies from company to company). Plus if you had to claim, the Insurance company may take a 'premium' from you (say $ 100) which they would DEDUCT from the final payout.

The remaining value may not cover one item in your collection, yet alone the 'sentimental' value associated with your personal favorites.

So you will have to list all of the items individually and get an Insurance Valuation certificate as well. Because 'Sentimental' value does not apply, only the replacement costs, you will have to ensure your qualified gemologist / jeweler / valuer understands why you are having an appraisal done in the first place.

This can get expensive as professional appraisals typically cost a flat 'Take-in' price of around $ 20 plus a sliding scale fee of approximately one percent of the final value.

In an item is valued around $ 1000 dollars, that fee is $ 10 + $ 20 take-in or $ 30 total. This is just for ONE item. Valuation Appraisals can cost up to $ 60 dollars or more so if you have a small collection, you may need a small fortune just to keep up with current prices.

The BIGGER your collection – The BIGGER your cost!

But if you don't want a great outlay, you might just take advantage of the useful 'Do-it-Yourself' Online Jewelry Self Appraisal Kit at the Online Jewelry Appraisal Center at the address shown below, which is a great alternative.

This ONLINE database system calculates everything for you and prints out a descriptive Certificate and is hundreds of times more accurate and thorough than your local high street jewelers' scribbled letterhead.

At such a low fee it's money well spent. Indeed, if you just purchased something on eBay or Yahoo auctions, for example, you might wish to just confirm an …