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#743341 - 05/16/12 06:53 AM Re: Appraisals / Insured [Re: LORRISSEY]
Bryan Cavitt Online   content
Fiend

Registered: 02/17/12
Posts: 100
Loc: Elkhart, Indiana
Originally Posted By: LORRISSEY
Because of rising costs -- how often should we be getting appraisals and adjusting insurance policies? Annually or every 5 years? every 3 years?


Our store recommends every 5 years, unless we have sudden substantial increases in the price of precious metals or diamonds.
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#743345 - 05/16/12 07:05 AM Re: Appraisals / Insured [Re: LORRISSEY]
lisa-rimar Offline
Fiend

Registered: 03/20/12
Posts: 186
Loc: Ohio
Where and/or who can do appraisals?
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#743349 - 05/16/12 07:15 AM Re: Appraisals / Insured [Re: LORRISSEY]
poppyseed Offline
The Florentine Diamond

Registered: 12/16/08
Posts: 5549
Loc: USA
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#743355 - 05/16/12 07:44 AM Re: Appraisals / Insured [Re: LORRISSEY]
LORRISSEY Offline
Connoisseur

Registered: 04/19/12
Posts: 2482
Loc: CA
I thought that it was better to use an independent appraiser. One who doesn't buy or sell jewelry. Is this not true?

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#743368 - 05/16/12 08:35 AM Re: Appraisals / Insured [Re: LORRISSEY]
Bryan Cavitt Online   content
Fiend

Registered: 02/17/12
Posts: 100
Loc: Elkhart, Indiana
Originally Posted By: LORRISSEY
I thought that it was better to use an independent appraiser. One who doesn't buy or sell jewelry. Is this not true?


That is the ideal situation, but there aren't that many independents, especially in smaller cities/towns, so a trusted local jeweler may be your best alternative.
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#743369 - 05/16/12 08:38 AM Re: Appraisals / Insured [Re: LORRISSEY]
lisa-rimar Offline
Fiend

Registered: 03/20/12
Posts: 186
Loc: Ohio
A girl I worked with used a local. I'll check with her.
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#743389 - 05/16/12 09:35 AM Re: Appraisals / Insured [Re: Bryan Cavitt]
LORRISSEY Offline
Connoisseur

Registered: 04/19/12
Posts: 2482
Loc: CA
Thanks, Bryan and labelo and Kangaroocrazy! I have all the info I need to get my stuff appraised and to figure out which ones of my jewels I should get appraised and every 5 years is doable.

So thanks!!

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#743433 - 05/16/12 11:42 AM Re: Appraisals / Insured [Re: LORRISSEY]
Bryan Cavitt Online   content
Fiend

Registered: 02/17/12
Posts: 100
Loc: Elkhart, Indiana
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