Why is the insurance valuation for my gold higher than the price offered based on smelting the gold?
A. The gold content is not the foremost, fundamental factor your insurance valuation is based on. Insurance valuations are based on the cost of replacing your jewellery with an identical or equivalent piece of jewellery. Thomas Watt Jewellers & Bullion Dealers quotation for your gold is based on the pure gold or precious metal content within each individual item received.
Related Questions
- After I filed a claim, the insurance company offered me a ridiculously low settlement that won come close to covering the necessary repairs. Should I accept the offer?
- I have seen many services that design based on templates, at a lower price. Why should I still choose SK Advertising+Design Small Business?
- What kind of insurance is included in service price?
