What is a Jewelry Appraisal?
A jewelry appraisal is a signed document which gives a monetary value to the item after it’s thorrough evaluation. The final monetary value depends on the purpose of the appraisal, which could vary from Insurance, Retail Replacement, Divorce, Estate, Liquidation, etc. The most common appraisal is the one used for insurance purposes. When a consumer makes a jewelry purchase, they would want to insure it with their homeowner’s insurance company such as State Farm, Allstate, Geico, etc. The insurance company will most likely require a separate writers insurance on your new jewelry purchase. They are usually not covered under the umbrella policy.
