Jewelry Insurance - Hints and Tips So You Dont Get Ripped Off

As crime and drug use increases, the risks involved in having Antique and Estate Jewelry just lying around your home seem to treble. It becomes a nightmare and you find you are just not sure what to do.

Here are some timely pieces of advice, but by no means comprehensive. If you have special circumstances, it may pay you to go one step further and get some professional advice.

BALANCE AND COMMON SENSE...

If you collect Antique Jewelry and your collection has grown to more than 'Just a couple of Rings' you will have a double edged sword to handle.

In the first place you have two problems.

* You are an active buyer, so people know who you are.

* Insurance has put 'Premiums' through the roof.

Personally, we just Hate to see items collected and never worn. Jewelry was made to adorn, so if you can, wear them.

But remember this is an open advert to the whole world that you have 'Got some Jewelry' at Home. It pays to be just a little aware!

YOUR INSURANCE POLICY...

Your Home and Contents policy 'GENERALLY' does NOT cover your personal Jewelry over a certain amount (this varies from company to company). Plus if you had to claim, the Insurance company may take a 'premium' from you (say $100) which they would DEDUCT from the final payout.

The remaining value may not cover one item in your collection, yet alone the 'sentimental' value associated with your personal favorites.

So you will have to list all of the items individually and get an Insurance Valuation certificate as well. Because 'Sentimental' value does not apply, only the replacement costs, you will have to ensure your qualified gemologist/jeweler/valuer understands why you are having an appraisal done in the first place.

This can get expensive as professional appraisals typically cost a flat 'Take-in' price of around $20 plus a sliding scale fee of approximately one percent of the final value.

In an item is valued around $1000 dollars, that fee is $10 + $20 take-in or $30 total. This is just for ONE item. Valuation Appraisals can cost up to $60 dollars or more so if you have a small collection, you may need a small fortune just to keep up with current prices.

The BIGGER your collection - The B I G G E R your cost!

But if you don't want a great outlay, you might just take advantage of the useful 'Do-it-Yourself' Online Jewelry Self Appraisal Kit at the Online Jewelry Appraisal Center at the address shown below, which is a great alternative.

This ONLINE database system calculates everything for you and prints out a descriptive Certificate and is hundreds of times more accurate and thorough than your local high street jewelers' scribbled letterhead.

At such a low fee it's money well spent. Indeed, if you just purchased something on eBay or Yahoo auctions, for example, you might wish to just confirm an approximate value by using this easy to use DIY Valuation Appraisal Kit.

Suppose you recently bought something from a local Dealer, on the Market or Antique Fair, why not get it checked. What's the worst that could happen? For less than the price of a Big Mac and Coke it's a Bargain, plus there are many other advantages to having your Jewelry done at the Online Jewelry Appraisal Center.

Your appraisal valuations should be re-done every couple of years as the price of Gold and Silver changes, as does the price of Diamonds and Gemstones and Antiques in particular.

We do offer an excellent reminder service to anyone who completes a 'Do-it-Yourself' Online Jewelry Self Appraisal Kit with us. This alone is worth the small fee as it relieves you of the problem.

But remember that if your Jewelry is lost or stolen, the insurance cover will only help replace your treasure with something of 'COMPARABLE' value.

It can't buy you 'sentiment' and it can't buy you another Georgian Chatelaine to exactly replace the one you had. You may be able to get another 'Similar' item though, and that is better than the few dollars or so, you may have received from the Homeowners policy.

It pays to have an up-to-date Certificate. I can't stress that enough.

If in doubt, talk with your trusted Insurance Company.

But even if it's just for 'Peace of mind', the small price (less than a Cinema Ticket) is well worth the effort.

It's a No-Brainer really.

There are several other SPECIAL REPORTS available through our eMail-on-Demand subscription box at the website, so please take some time to visit.

There is a timely warning on Security issues. It's good advice, plus there is some great tips on Investing in Jewelry, Insurance guidelines and other notes on selling, Hallmarking tips etc, and they are being added to all the time.

And the best bit is they are FREE....

Thank you for taking the time to read this special report. If you thought it interesting, useful or found it helped you in any way I would appreciate your comments via email at the address shown below.

This is my personal email address and I read every comment - good or bad.

Alternatively: why not pass it on to a friend. I'm sure you can think of someone who might benefit from this useful information. Treat it as doing me a big favor. I will certainly appreciate it.

Thank you. As usual....
Take care and watch the road.
Kind regards.
David Foard F.G.A.A.
President gemologist/valuer at the Online Jewelry Appraisal Center.

P.S. There are many other complimentary Reports available to you at our website, or if you haven't yet done so, you may like to subscribe to our email-on-demand Newsletters - the Antique Jewelry Guide - full of Hints - Tips - Secrets and Articles in every issue.

About The Author

David Foard is retired ("Ha..." he laughs). He is working harder now than at any time in his life, especially over the 30 years he spent in the Antique Jewelry Trade as a qualified gemologist and member of the Valuers Council. Now he concentrates on the three 'R's of 'Reading' Ritin' and re-ritin articles, courses and producing free reports and information at his website.

Get all the info now by going to http://www.online-jewelry-appraisals.com and follow the links at the Online Jewelry Appraisal Center.

gemmo1@jewellery-antiques.com

More Resources

Unable to open RSS Feed $XMLfilename with error HTTP ERROR: 404, exiting

More Crafts-Hobbies Information:

Related Articles

A Look at Cabinet Humidors
Cabinet humidors are specially designed for the serious cigar aficionado. Much more of an investment than a small desktop humidor that can hold 100 to 200 cigars, cabinet humidors can be as small as a standing chest, can hold up to 8000 cigars or more, can measure as much as four feet wide by 20 inches deep and over six feet in height or larger and resemble a large bookcase, and can cost from the high hundreds of dollars to thousands of dollars.
Turn An Arts And Crafts Hobby Into A Business
Are you searching for a quick way to make an extra income?Why not turn that Cooking Interest, Comic Book Collecting, or Your Retro Clothing Collection Into A Home Based Business Venture!Most people enjoy hobbies they have pursued with great enthusiasm for years. Even though they may find their leisure activities fulfilling and enjoyable they never imagined making money with a fun hobby!The world is packed with amazingly talented people.
Where Antiques Originate and How You Can Find Them
It's important to understand where antiques originate. Many antique buyers make the mistake of mis-understanding the process by which antique items are found.
Getting Rid of Messes and Mistakes in Your Scrapbooks
No matter how careful you are, you will undoubtedly find a mistake, mark, or mess on your finished scrapbook page. This is just part of the process of making a scrapbook.
Lighted Holiday Potpourri Jars
Lighted potpourri jars are a festive addition to any holiday decor. They are inexpensive, easy to make, and make great hostess gifts.
Fun with Origami!
Storing origamiThis is a great question. Many people want to hold on to their special crafts for years to come.
Step-By-Step Guide For Creating Collages and Other Unique Picture Frames
So you want to make a collage or perhaps you are interested in creating a unique shadow box to hold your valuable photographs and memorabilia. No problem! Whether you want to create lasting memories using cheap picture frames, discount picture frames or even wholesale picture frames, here are some pointers for creating lasting memories right the first time every time.
Jar Lid and Jar Candle Decoration
Supplies Needed:Most items can be found around the house or in a craft store.Jar Candle with lid - with removable plastic bottomCraft GluePaintScissorsDecorating Candle Jars and Lids is a fun and easy project for all ages.
Discover the Truth about Comic Book Collection; Nerdy Geeks or Shrewd Investors?
It is unbelievable when one says, yeah, I collect comicbooks, what the general public response might be? Oh no, aslightly off the wall geek. Here is someone who has losttouch with reality.
How to Use Textured Paper and Book Jacket Backgrounds to Give Your Scrapbook Dimension
Textured paper can add extra dimension to your scrapbooking page. Textured paper can be used to highlight focus items on your scrapbook page.
Collecting Depression Glass - Where to Start
Okay, so you've been bitten by the Depression Glass bug, andthose pretty patterns and pastel colors beckon you from theshelves of an antique dealer's shop, a friend's home, ormaybe you've even discovered this special glassware on theInternet. How ever it's come about that you've developed ayen for Depression Glass, you need to know where and how tostart collecting it - unless you're made of money, haveoodles of time on your hands, and don't care whether youget the real thing or not.
Is There Money To Be Made In Depression Glass
You've seen the shows on television. You've watched theauctions online.
Genealogy - Why You Should Get Involved in Your Family History
A few years ago I read a statistic that said that genealogy was the second largest hobby in the United States - second only to gardening. It was no surprise to me as I have been finding and documenting my family tree for almost 30 years.
Preservation and Making Copies of Your Scrapbook
You put a great deal of time, thought, and effort into your scrapbook pages. Scrapbooks often are very personalized creative works that are very meaningful to the creator.
Aromatherapy Candles - How to Select the Right Scent
Feel sad, tired, or a little bit stressed? Something as simple as an aromatherapy candle could help you relax and feel happier. But not all scented candles have this effect.
An Easy Way to Understand Your Collectibles
What kind of gifts you often receive? Is it toy dolls, animal figurine, antique, pottery, game, memorabilia or something you consider as a collectables? Well, what ever it is, as long as it pleases you, those entire gifts are full with memory which you then consider as a collectibles. Gifts and collectibles are not contradicting each other; instead they are supplementing each other.
Are Your Collectibles Valuable? Heres How to Find Out
The first thing you will need to do is check out the condition of your item, be it a train, collectible Barbie doll, Disney collectible, or some other collectible item. Is it scratched, torn, clean, dirty, new, in a box, without a box? You get the idea.
Scrapbook Photos -- Getting Adventurous With Your Layouts
When you have selected the photos for your scrapbook, you'll need to decide how best to lay them out on the pages. Don't feel obliged to follow any principles that don't suit your own design.
Sewing A Button On By Hand
I have so many people come into my shop saying something like - I can't even sew on a button. How sad it is that a whole generation has lost out on learning how to do just the basic skills of sewing.
Woodworking Tools: Right Selection And Care Will Save You Money, Part 5
Woodworking: Tools Of The Trade, Part 5 - Tools For AssemblyA civilization's maturity and intelligence is judged, in part, by the diversity and sophistication of its tools. When it comes to woodworking, the human race is quite advanced.
>