TYPES OF APPRAISALS

Depending upon your needs, we offer two types of jewelry appraisals. Insurance and Estate appraisals each require a different type of appraisal report. For both appraisal types, you will be present with your jewelry in your home or office, or in our secure office.

insurance appraisals

An insurance appraisal is done so the client can obtain specific scheduled insurance on an item. The most common insurance appraisal is a replacement type policy. Basically, this policy protects for most perils and allows for the item to be replaced with a similar item of jewelry.

estate appraisals

When doing an estate appraisal the value to be used for equitable distribution or tax reporting is most commonly the fair market value. This is defined as the price that a willing buyer and willing seller would agree upon. An example of fair market value might be the price that an item sells for at a local auction. Rarely is this price a full retail price. Depending on the condition of the item and the desirability of the item, the fair market value might be as low as “scrap” value or rarely, as high as retail value.