WHAT DO YOU NEED FOR INSURANCE?
Scheduling your jewelry requires a Replacement Value Appraisal Report. This report should be carried out by a qualified gemologist who is experienced with jewelry valuations.
The official appraisal document will include an unbiased opinion as to the identity, composition, qualities and values of your items delivered in an official Appraisal Report.
Your insurance company uses your appraisal to set the coverage limit on your policy. Basically, it helps them decide how much they’ll pay out in the event of a claim (which also decides how much your premium is).
When seeking insurance you definitely need all these details:
Description of the item
Type of metal the stone is set in
Stone information – think 4 C’s: cut, color, clarity and carat weight
Side stone information
Value of the jewelry