Insurance Valuations

We offer insurance valuations for all purposes.

What is a valuation?

A valuation is an informed opinion based upon many years’ experience and training and it includes detailed descriptions and assessments of stones,
hallmarking information and visual images where possible.

Jewellery Insurance

We offer a full insurance indemnity for your jewellery requirements and offer competitive prices for a first rate fully comprehensive policy.

Why should you insure your jewellery separately?

So often, what we think is covered within our home insurance is not. We use specialist jewellery brokers, T H March who have been in the trade since 1887.They are appointed to the National Association of Goldsmiths.With March Guard Insurance you are covered for every eventuality both in and out of the home anywhere in the UK and up to 30 consecutive days elsewhere in any one period of insurance.There is no excess to be paid on any one claim.You will be able to replace your jewellery through us.

Jewellery Insurance Claims

We belong to a professional panel of jewellers and are able to assist you with any claim and any replacement requirements.

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Why do you need a valuation?

Insurance

When insuring your goods, the onus is on you to ensure that the correct valuations are submitted and proof will be necessary following a loss. Insurers are not duty bound to accept old or scant evidence of values. It is therefore vital that your treasured belongings are listed and valued at current market prices. We recommend that you have a full inventory of all items of value owned and where you have lost or never had receipts for the original purchase, it is crucial to establishing the replacement goods in the event of loss.

Where the jewellery is antique, an ‘open market’ value is provided and you should ensure with your insurers that cash settlements will be considered where goods are irreplaceable. We recommend that you insure for all risks and losses both in and out of the home. It is more expensive but all insurance is expensive until you need it! By doing this, your insurers cannot argue that under small print sections, you are not covered.

Do remember that you have the right to insist that the choice of jeweller to supply replacement goods is your perogative, not theirs. Check your policy before you sign and do not be bullied into accepting vouchers or catalogues provided by Third Parties.

Repair

If you are claiming accidental damage or replacement for your jewellery, you will be required to obtain estimates for the work to be carried out. You may be asked for more than one in order that the insurers can decide. A lot of insurance companies use a company called LMG who are contracted in by the insurers to carry out work or replacment. You have no legal obligation to use them as you indemnified your goods with the insurer. By using a reputable jeweller such as ourselves, we can help you make your claim and indeed do the repair in-house.

Probate

You may be asked for a probate valuation in the event of a death in the family. The purpose is to ascertain the value of the jewellery for possible liability for death duties. Probate valuations are much lower assessments than for insurance purposes and are based upon their worth at the time of death. The schedule does not need to be as detailed as an insurance valuation.

Fees

We charge 1% plus VAT for valuations

If you feel there is something that we haven’t covered or would like further information please do not hesitate to contact us HERE. We are happy to offer advice and can be contacted by phone or email.