Houston Jewelry Appraisals

How much is this worth?

We get asked that question every day. Most people don’t realize that a single piece of jewelry can have several different values depending on what the intended purpose of that value is. Maybe someone wants to sell an item and needs to know what a piece of jewelry sells for or maybe they just need to insure it. Maybe they just want to know if they “got a good deal.”

Bring in all of the items you have questions about. Our graduate gemologist appraiser will go over with you what is the best way to value your items. She can give you a written report for the insurance company or, if you plan on selling the item on eBay, jpeg pictures and documentation for your stones and metal. Even estate appraisals are done for your convenience.

If you intend to insure your jewelry, following here are the “25 questions to ask your insurance agent.” We recommend you print it and use it when you are talking to your agent about insuring your valuables. Most people believe the myth that a homeowner’s policy automatically covers your jewelry. You must schedule it separately or you will be very disappointed if you have a loss.

25 questions you should ask your agent before you buy insurance:

  1. Is an appraisal necessary for full coverage?
  2. Will I have an easier time if the appraisal is done by an independent appraiser rather than the jeweler who sold the piece?
  3. What is the difference between scheduled and non-scheduled coverage?
  4. What is the deductible? Will the price of the policy go down with a larger deductible?
  5. Does my policy cover me for all risks? (Robbery, mysterious disappearance or damage).
  6. Am I still covered if there is negligence or carelessness on my part?
  7. Is it covered when in the possession of someone else?
  8. What if only the center stone falls out or is damaged?
  9. If there is a loss, do I have a choice of cash or replacement?
  10. Can I use my personal jeweler or do I have to use a jeweler designated by the insurance company?
  11. If I use an insurance-designated jeweler, will I be allowed to verify the replacement with an independent source?
  12. If I decide to take cash, will I get the full appraised amount?
  13. Is there a difference in limitation between jewelry and sterling flatware?
  14. What happens if I lose my jewelry while I am out of the state or country?
  15. Can I purchase “partial” insurance and how much will it cost if I can?
  16. Is depreciation or inflation taken into consideration when there is a loss?
  17. How often should I have a valuation update?
  18. Do I get a discount on my premium if I keep my jewelry in a safe?
  19. If I lose the center stone, do I have to turn in the whole ring to settle the claim?
  20. What if the lost item is antique or one-of-a-kind?
  21. If I elect to take a cash settlement, will I receive enough replacement cash if my jewelry has increased significantly in replacement value?
  22. What proof is needed to justify a claim?
  23. What are the different types of coverage?
  24. Are there any exclusions?
  25. What is the pair and set clause?

Still not sure about jewelry insurance appraisal? Contact us at Fast-Fix Jewelry and Watch Repairs at the Baybrook Mall to have all your questions answered by the experts.