Posts Tagged ‘ Insurance ’

Jewelry Appraisal- Appraise! Appraise, and Re-Appraise!

Jewelry Appraisal – Appraise! Appraise! and Re-Appraise!

Have your jewelry appraised! Theft is on the rise and if your jewelry hasn’t been recently appraised, it needs to be! Diamonds, gold and platinum have made huge gains over the last couple of years and if you haven’t had your jewelry updated with your insurance, you could be potentially loosing more than  your jewelry if stolen!

jewelry appraisal

Have You Appraised Your Jewelry Lately?

Diamonds have increased in value almost 50% while platinum and silver have seen historical jumps in value as well.  Once you have had your appraisal, you need to call your insurance agent right way to update and validate the new value of your precious jewelry.  For example, if you paid $5,000 for a diamond necklace more than 5 years ago, it could cost you $10-$15,000 today if you had to replace it!  Of course non of us want to think about our homes being broken into, but it is a common occurrence and we can never be too careful.

Where can you find a reputable appraiser that you can trust?  One suggestion is to go through either THE NATIONAL ASSOCIATION OF JEWELRY APPRAISERS or THE AMERICAN SOCIETY OF APPRAISERS. These professionals are considered ethical and are required to be continuously educated.  Or you can go to your Boca Raton, FL own Raymond Lee Jewelers to meet with their own in-house expert and can help guide you to ensure protection and appraisal accuracy.


jewelry appraisal 

Also, please remember to contact your insurance agent to be aware of your insurance policies and making updates to policy to be ensure you are most protected.

By Raymond Lee Jewelers. For information regarding jewelry appraisal!

Know your worth! : An Experts guide to jewelry appraisals in Boca Raton

LONDON, ENGLAND - APRIL 24:  A gallery technic...

Visit the Jewelry Appraisal Experts

One of my responsibilities here at Raymond Lee Jewelers is working with insurance companies to assist their clients when filing a claim in the event their jewelry is lost or stolen.  Most people only provide their insurance company with the proper appraisals when they initially purchase the item or are changing companies.  What happens after that?  In most cases nothing.  The insurance companies over time increase the coverage amount accounting for inflation and the client continues to pay for the additional coverage.  What happens when the stock market plummets and gold prices soar, or a new diamond mine is discovered in Canada, and how about when there is no more tanzanite left in the mine.  The insurance companies have no idea how to account for these fluctuations, and that’s where I come in.

Recently, I have had an influx in claims and because these factors were not accounted for each and every client was under-insured for their merchandise.  Try telling a woman of 65 years old that her precious wedding ring bought for her by her late husband cannot be replaced without an additional five thousand dollars because her coverage was based on a jewelry appraisal from 1982.  It is far from the highlight of my day.  So what can we do about this epidemic of insurance companies getting rich off of your premiums and then in your hour of need when you need them the most they fall short.  You should have your appraisals updated every few years.  Our state-of-the-art jewelry appraisal software assists me in making your appraisals as accurate as possible.  My informational database compiles pricing guidelines from across the country and accounts for fluctuations in the market such as changes in precious metal prices, colored stone pricing and availability.  To schedule an appointment feel free to call us at 561-750-7808.

Raymond Lee Jewelers

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