Insurance Appraisals

Each custom piece of jewelry that you design and purchase comes with an appraisal so that you can insure it through your renters or homeowners policy.

 

Here are some great resources to help you understand the jewelry insurance appraisal process, what to expect, and other info. 

How much should a jewelry appraisal for insurance cost?

Here is an excerpt from JewelrsMutual.com: 

Any time you insure something, you need proof of the item’s value and characteristics in order to replace it, whether with a same kind and quality equivalent or cash.

In the case of jewelry, if you have an inaccurate appraisal, you may not recover enough funds from an insurance claim to actually replace your piece at fair market prices.

If you have an incomplete appraisal, what you know to be your cherished jewelry may not be how the insurer interprets the brief description of your piece.

Either way, you can wind up without an equal replacement for the jewelry you’ve been paying premiums to insure year after year. Kind of defeats the purpose, right?
— https://info.jewelersmutual.com/the-jewelry-box/how-much-should-a-jewelry-appraisal-for-insurance-cost

The Knot shares that you should expect a fee for the appraisal. Here is what they say: 

Why get an appraisal?
Think of an appraisal as a souped-up receipt in case anything happens to your ring. You’ll need it in order to get ring insurance or if you’re adding a rider to cover your ring and bands on your homeowners insurance policy. It will also give you proof you can use to claim your ring if it’s stolen and recovered by police.
— https://www.theknot.com/content/engagement-ring-appraisals-101