Jewellery Valuation For Home Insurance. For example, if you have a policy that covers £50,000 worth of contents, you could claim up to £15,000 for lost or stolen valuables. Now we are offering you a unique opportunity to have one of our valuation experts visit you in your own home to provide valuations of jewellery and other precious items you possess.
But if you make a claim for loss, theft or damage, you usually have to provide a valuation or receipt. So if an intruder nicks your $500 watch (or you lose it in any other insured event in the home), you’ll be covered even if it isn’t listed specifically on your policy. For example, if you have a policy that covers £50,000 worth of contents, you could claim up to £15,000 for lost or stolen valuables.
Whichever Level Of Cover You Choose, Your Jewellery And Watches Worth Less Than £2,000 Each Are Covered In The Home As Standard Up To The Contents Limit.
But remember, there’s a $2,000 limit, so a watch worth $5,000. This, rather than the dollar value, is your real protection. Ask for a report on damage and general condition.
As You Would Expect, The More Expensive The Items The More You’ll Need To Pay For Cover.
You may need a valuation to insure your jewellery against loss or theft, or to help calculate the inheritance tax payable on a deceased person’s estate; Homeowners insurance costs depend on many factors, but average home insurance cost. Following the visit you will receive a complete “valuation for insurance” document, containing the description, the photograph and the value of each item.
Do I Need To Add My Jewellery To My Home Insurance Policy?
Get a jewellery valuation done every 2 to 5 years. If you purchase our fine art insurance, we will pay up to £5,000,000. Gemlab’s professional gemologists and valuers will document your precious items to make it easier for you to get a fast and fair settlement from your insurance company.
The Most Important Aspect Of Any Jewellery Valuation For Insurance Is The Detail And Accuracy Of The Description (And The Colour Photo).
When you buy a home insurance policy, your goal should be to have enough coverage to replace your dwelling and its contents if they are damaged or destroyed. Maximum value for an item of jewellery online. You’ll need to add them separately to the policy or find an insurance policy with a higher single item limit.
If Underinsurance Is Discovered At The Time Of A Covered Loss And You Have Valuation (S) No More Than 2 Years Old We Will Pay Up To The Total Value Of The Jewellery Covered On Your Policy.
31 august 2010 at 6:09pm. It may be needed to help agree settlement in divorce proceedings, or to negotiate the security against a loan. This will help in a claim where an item is lost or destroyed.