Jewelry Appraisals for Insurance: Everything You Need to Know

Whether you’ve just gotten a beautiful new piece of fine jewelry or you are the caretaker of a family heirloom you hope to pass down to your descendants, jewelry insurance appraisal is part of giving yourself peace of mind. Jewelry is often small and can be easy to lose. It’s also possible to break jewelry, and naturally, valuable jewelry is always a target for thieves. With insurance, you can get your pieces replaced or fixed if something happens. If you’ve been putting off getting an appraisal and insurance, now is the time to find out what it’s all about.

Jewelry Insurance Appraisal: What You Need to Know

You Decide What’s Valuable

Value isn’t just measured in money. Emotional value is important too, and if you have wedding jewelry, family heirlooms, or custom-made pieces that need to be repaired or replaced, you’ll feel better knowing you have insurance to cover them.

If you’re having trouble deciding what you should get insured, consider what pieces you might be able to easily replace and which would put you in a financial bind if they were lost or damaged.

It Doesn’t Take Long

Jewelry appraisal does not have to take days. For most pieces of jewelry, it can all be done while you wait. A reputable jewelry appraiser will examine and test your piece with you present so you’re involved at every step.


You Have Guaranteed Recognition

Don’t take your jewelry to the nearest pawnshop to get a layperson’s general estimate. When you visit a master gemologist or anyone else certified by the American Society of Appraisers and the Canadian Jewelers Association, you will get a professional guarantee that makes it easy to get accepted by insurance companies. Your appraisal will include a report that gives you all of the following:

  • A description of the piece
  • The kind of value being determined (fair market, liquidation, replacement, etc)
  • Details about what procedures were used to estimate the value
  • The personal qualifications of the appraiser
  • The signature of the appraiser


You Have Choices for Insurance

Many household insurance policies cover jewelry theft, but the amounts are limited and bundled with everything else in your home. Additionally, your home insurance will probably not cover your jewelry if it is stolen while it’s outside your house.

If you have valuable pieces, get specific insurance for those pieces. Then your jewelry will be covered to its proper value and under all circumstances, whether something happens to it at home or away.

The Warranty Isn’t Enough

Some people forgo getting insurance for their jewelry because the jewelry is under warranty. What many fail to understand is that these warranties really only cover a manufacturing defect. They are not insurance policies and won’t cover your piece if it’s damaged under extraordinary circumstances, lost, or stolen. If you are relying on a warranty, be sure to read the fine print and then decide if you need something more.

Get Your Jewelry Appraised Today

Getting insurance for your jewelry will give you peace of mind that your valuables are safe. For reliable, quick, and certified jewelry insurance appraisal, contact Imperial Gem Lab today. Our certified professionals will get you everything you need to secure a good insurance policy for your valuable jewelry.