Because True Worth Deserves True Expertise 01253 449441 / 07305 823675
Frequently Asked Questions
Why do I need a jewellery valuation?
Some people get their jewellery valued just to find out "how much is my diamond ring worth". But most people do it because their insurance company requires it.
The Insurance company make you responsible to make sure your jewellery and watches are valued correctly.
If you ever need to make a claim because something is lost or stolen, the insurance company will ask if you have proof it existed, like receipts, photos, or a valuation report.
If you don’t have any proof, it can be harder to make a claim. In some cases, your jewellery might not be covered at all.
Without documentation it may place your claim at risk.
As dependant upon your policy, without proof of ownership you may not be covered or even worse, underinsured.
Do I Need A Valuation For Insurance?
This is an often asked question.
If you ever had to make an insurance claim, could you replace your lost items within your cover?
Most policies cover individual items at £2,500.00 each with a limit of £12,500.00 total, so if you have more than 5 items worth £2,500.00 each or more, then you cant replace them.
The retail value of Gold has skyrocketed in the last 5 years.
That beautiful 9ct gold necklace, bought for Christmas in 2020 costing £1,000.00, Would now cost over £2,000.00 to replace!
Diamond and gemstone values also change, sometimes they drop but mostly they increase as the years go by, only look in a jewellers window to see how your engagment ring costs so much more than it did 10 years ago!
Can you replace your jewellery with the insurance cover that you have, 70% of households are under-insured and lose out in a claim.
What do I do if I lose my valuation?
Accidents happen from time to time and paperwork does get mislaid very easily.
As we hold your information on our database, you need only contact us. In the event of losing your report and with confirmation of your identity and security precautions taken, we would re-issue your report as a courtesy and free of charge.
As time goes by you may purchase or inherit additional items which you would like to add to your portfolio, this is not a problem and a comtinuation of your report can be sent to you in its entirety.
