Insurance appraisals
Intended Use:
Insurance appraisals are for Retail Replacement Value. They are intended to represent the value it would take to replace the item in the event of a loss. Sales tax is not included in our valuation.
Who hires the appraiser?
Most often the owner of the property hires the appraiser, but insurance brokers, insurance carriers and financial advisors can also take on this role.
The appraisal process:
Once an agreed upon time and location have been set, our appraisers inspect the jewelry in-person and then return to our office to complete the necessary research and produce the report. Sometimes it is possible to complete an appraisal without the onsite inspection, if proper images, documentation and descriptions are provided.
The appraisal report:
Our appraisals adhere to the Uniform Standards of Professional Appraisal Practice (USPAP) and the National Association of Jewelry Appraisers (NAJA) standards. All appraisal reports include images, detailed descriptions and accurate valuations in the appropriate market. Reports are available in both digital and hard copy formats & we proudly use eco-friendly recycled paper for our appraisal reports & business stationary.
Pricing:
Appraisals are billed on an hourly basis with a 2-hour minimum, or a per-item flat fee. Contact us to learn what option best fits your needs.
What we need from you:
To provide an accurate estimate for an appraisal, we need to know the number of pieces and types of jewelry. Photographs are excellent, because we will have a better sense of how much valuation time will be needed.
While onsite, our appraisers need a small workspace or table, access to an electrical outlet for their equipment and running water in the event the jewelry needs a cleaning prior to inspection. Any applicable gem-certificates, watch certificates, receipts, insurance schedules or previous documentation is helpful to view while onsite.