Why you should have your jewellery valued
Having your jewellery and other precious belongings valued is vital in making sure you are adequately covered by your insurance company.
Valuation for insurance is the most common type of valuation we carry out.
Without an accurate up to date valuation you run the risk of being under insured in the event of loss or theft. Many insurance companies even insist that you have items over a certain value specified individually on your policy and regularly valued to ensure the limits are adequate. Please check your individual policy details for further information
At McCulloch jewellers provide full details valuation report. This includes the size and qualities of your items, each individual item is described with every stone graded, ages of the item etc. should your insurance company require it in the event of a claim. Without this proof you may find that replacement is based on an item of “average” quality rather than what you have actually lost. Having your jewellery valued every 5 years will ensure any information about market values is up to date.
- A detailed description of each item including stone measurements, colour and clarity of stones, metal types and weight
- Insurance replacement values
- Colour images of each piece
- Explanatory notes on terms and abbreviations
- An Insurer Notice to pass to your insurance company
- Condition report where necessary.
Other forms of valuation include probate, family division, sale between parties and open market valuations. Please contact us for explanations and advice on which valuation you require.
Should you decide to have the valuation done by us please bring any Supporting Documentation
Please make sure that you bring with you any previous documents, reports, certificates enabling the valuer to record relevant information in your new valuation document. Often stones are weighed before setting and reports/certificates will have this information recorded. Any watch purchase receipts or previous repair information will also assist the valuer on the day.
We are very conscious of our environmental footprint and in a bid to become more “green” we are now emailing valuations to our customers where possible.
If you require a printed copy of your valuation please let the store know when you book your items in.