Your local jeweler may offer appraisals as part of their services. In addition, there are dedicated resources that provide access to individuals that specialize in appraisals. These resources are:
To make sure that you are getting a qualified appraisal, consider asking the following questions of your appraiser:
For how many years have you been providing appraisals?
You may have jewelry that you consider to be too inexpensive to appraise and schedule for coverage. For those items, we have the Unscheduled Jewelry Endorsement. In order to qualify for this, you must have at least one scheduled piece of jewelry. Additional coverage is available on an “unscheduled” basis for jewelry you own that is worth up to $1,000 per item. Unscheduled items do not need to be specifically listed on the policy. Unscheduled items are subject to $100 per occurrence deductible. Mysterious disappearance is not covered on unscheduled items.
Due to a recent increase in loss activity, coverage may not be available for Men’s or Ladies’ watches on a stand-alone scheduled basis. Determination will be subject to underwriting review. However, these items may be considered for coverage as part of a schedule.
$150,000, however exceptions may be granted subject to underwriting review.
$50,000 on any single item, however exceptions may be granted subject to underwriting review.
Appraisals are required for all items $5,000 or greater. An acceptable appraisal will include the following:
If under $5,000, a detailed sales receipt may submitted provided it includes the metal, types of gemstones or diamonds, carat weight, and quality.
That’s a very personal decision. Since you’re here, we assume you value your jewelry enough to worry about something happening to it. We think that’s prudent – that very mindset is why we created Lavalier. For most people, purchasing insurance through Lavalier will cost only 1-2% of the value of the their insured jewelry, though we do have a minimum premium of $50. Because the decision to insure jewelry is such a personal one, coverage through Lavalier can be personalized to your needs, with flexible deductibles and numerous discounts based on how you wear and care for your jewelry. Most importantly, besides being financially prudent, we think the peace of mind that comes with knowing your jewelry is protected is priceless. If you’d like to discuss any of this further, please contact us.
Our policy is an “all risk” policy, meaning that everything is covered unless it is expressly excluded. There aren’t many exclusions. Any form of loss, damage, theft, or ‘mysterious disappearance’ is covered anywhere in the world. (‘Mysterious disappearance’ is simply unexplained loss.) Our policy even covers newly purchased jewelry until you have a chance to add it to your policy, and jewelry in transit for inspection, repair or sale until the point that the buyer receives it (though not if you are not paid).
What is not covered are things like manufacturer’s defects, intentional loss or damage, and some highly unusual situations like nuclear hazard or war. We’ve designed our coverage to be comprehensive since we know we are protecting some of your most precious possessions…and the moments in life that they symbolize. .
Yes. In your application, please be sure to tell us whom the gift is to. As long as the policy remains in force and that person owns the gift, it is insured. Should they ever give it to another person or sell it, however, coverage would stop.