There should be no difference between a “jewelry appraisal for insurance” and any other type of jewelry appraisal.
Consumers are often reaction, I don’t want to Spend too much money to buy too much evaluation, I just want to buy insurance for my jewelry.
If you spend their hard-earned money to buy some invisible things, don’t you want to use it. However, If there is no sense to pay your insurance, you have not thought about whether you really need him, or you don’t want to pay more than the minimum to get an accurate comprehensive evaluation.
The jewelry appraisal is very important
Any time you insure something, You need to replace it with the value of the goods, whether with a same kind and quality equivalent or cash.
In the case of jewelry, you may not recover enough funds from an insurance claim to actually replace your piece at fair market prices if you have an inaccurate appraisal.
If you have an incomplete appraisal, And this assessment is not the insurance company tell you what is the precious jewelry.
No matter what, you can wind up without an equal replacement for the jewelry you’ve been paying premiums to insure year after year. Kind of defeats the purpose, right?
Typical Jewelry Appraisal Costs
Start with the structure of the fee. Most people would think the jewelry price is very high . Appraisal fees should never be based on a percentage of the jewelry’s value. This is an ethical violation since the appraiser will make more money by valuing a piece higher, leaving incentive to over-inflate. Appraisal services should always be charged by the hour or a flat fee per piece.
Hourly rates range from $50 to $150, depending on the complexity of the jewelry . A beautiful wedding with a cost even only three yuan engagement ring,there’s simply more to appraise with the latter.