To adequately insure your collectables...
jewelry and other appreciable personal property, you must first find out what you actually own. In other words, an item needs to be properly identified to be valued correctly. Insurance agents are educated in insurance procedures, not in the evaluation of personal property.
Or how - can we be sure that what we are buying is worth the price we are paying for it, and in fact, it's what it is represented to be? A near guarantee is to have an independent appraisal done by a Gemologist who has the experience, expertise, and well-equipped laboratory to perform identifications and is willing to sign the appraisal.
When do you need to insure your items?
Before a loss!
- Standard insurance policies usually cover 50 - 75% of the value of the dwelling for total personal contents. Adding up all your general "depreciable" contents such as general household. electric equipment, appliances, clothing, furniture, dishes, rugs, linens, etc., usually leaves very little left over for "appreciables" such as antiques, fine art, or jewelry.
A formal written appraisal will help insure proper coverage. It is up to the insured to keep the value updated. Are you adequately covered overall? Are your valuables included fully, limited or excluded? A qualified appraiser is an individual who has had formal education consisting of appraisal theory, methodology, ethics, reasoning, experience in the field and who keeps up with the current market trends, synthetic development, and availibility of materials, all of which are essential to placing a dollar value on stones and jewelry. Note: A reputable Appraiser/Gemologist should charge by the number of pieces, not a percentage of the VALUE
Is your jewelry protected - by an up-to-date- accurate appraisal?
Call FACETS today at (541) 265-2514 for an appointment, with Richard Petrovic our GIA Gemologist. He brings to you over 30 years experience in fine jewelry, diamonds and colored stones. He can also provide you with instant life-size detailed full-color Docu-Photos of your valuable jewelry for personal records, estate planning or insurance verification (in the event of theft, loss or damage). This is a professional service that we offer separately or in addition to full service gem identification, precious metals testing and jewelry appraisal service.
FACETS
