Jewelry Insurance 101 C: How do I get my jewelry insured and what happens if I lose my jewelry?

April 28th, 2009 by James L. Sweaney, CGA, FGA. GG

Getting your jewelry insured begins by establishing a description and value for the jewelry to be insured. You are entering into a contractual agreement with whomever you choose as your insurer, so you and the company must agree on what it is being insured and for how much. A current retail replacement value appraisal from a qualified jewelry appraiser works best to provide both parties in the contract with the same specific and detailed information.

A good replacement value appraisal includes accurate measurements, weights, identity and grades, a narrative description of the item and a digital photograph, as well as the appraiser

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