A jewelry appraisal is a report created by a professionally trained jewelry expert. In addition to providing an estimate of the current retail replacement cost (i.e. its appraised value, including any applicable sales taxes), an appraisal includes a detailed description of the jewelry. This can be helpful if you ever experience loss, theft, or damage to your jewelry as it provides a guide on what a proper repair or replacement would include.
An appraisal is required when applying for coverage for this reason and because it allows us to confirm the details and value of your jewelry. It also helps you ensure that you are purchasing the right level of coverage. Because the value of jewelry materials such as precious metals and gems change over time, it is important that the appraisal you provide to us when applying is no more than 18 months old. For items valued under $5,000 a sales receipt with a detailed description of the jewelry may be used in place of an appraisal.
Good jewelry appraisals include the following:
A sales receipt may be used in place of an appraisal for items valued under $5,000, as long as the receipt includes a detailed description of the jewelry. For items valued at $5,000 or more an appraisal is required.
We offer discounts if you have a home alarm, a home safe, gem identification (such as Gemprint or Forevermark), or if you store your jewelry in a bank vault or safety deposit box. Another way to reduce your premium is a higher deductible. Lavalier offers deductibles as low as $0 and as high as $25,000.
Yes. The discount for a home safe is 5%.
Yes. The discount for a home alarm system is 2% for a local alarm, 3% for an alarm that alerts a local police station, and 5% for an alarm that alerts a central station (i.e. private security company).
Yes. A substantial discount applies to jewelry kept in a safety deposit box. Please contact us for full details on the amount of discount and applicable rules. Any jewelry receiving this discount may only be taken out of its safety deposit box occasionally and after you provide us advance notice that it will be.