Insurance

INSURANCE VALUATIONS

We understand that jewellery and other valuable belongings can be of great sentimental value and may even have been passed down through many generations.

Our thorough valuations are supported by our modern gemmological laboratory, operating in accordance with local and international standards. JVL’s laboratory equipment allows for precise and scientific gemstone testing and grading.

An insurance valuation provides a current fair replacement value, a detailed and accurate description of the item, and high-resolution photographs, making it possible to identify, replace, or recreate an exact duplicate in the event of loss.

Ideal for items you wish to specify individually on your insurance schedule, JVL certificates include a detailed examination and description of the jewellery, a clear photograph, and a current replacement cost. If the item is lost, damaged, or stolen, all the information is there, ensuring that a jeweller can replace or repair the item.

It is important to realise that not all insurance valuations are created equal. An effective insurance valuation is a document that contains.

Insurance Valuation Reports include

• A comprehensive description and photo.
• A covering letter explaining the work that has been carried out.
• Detailed descriptions of the individual items of jewellery, their measurements, details of any gemstones and their assessed grades, details of any hallmarks, stamps, or engravings and of the method of manufacture. Each individual description concludes with our assessment of its replacement value.
• Each valuation comes in its own presentation folder for safe keeping.

The report you will receive is a complete record of your jewellery with all of the information you need to qualify for full insurance cover. We will provide you with two copies of this report – one for you and one for your insurance company or other third party.

All this information is kept in our secure database for future reference for at least five years and is also available online with your personal log-in.

People get their jewellery and gemstones valuated for a number of purposes – primarily to provide evidence of ownership in the event of loss, theft or accident. Unfortunately, without a jewellery valuation certificate and photograph, most insurance companies will only compensate a small percentage of the item.

Documentation provided by a jewellery valuation service is used as evidence to ensure that the accurate financial value of the item is protected.

Other reasons why people choose to get their precious items valued include:

• To validate the authenticity of an item, through identification of stones and metals. This service is particularly useful if you have two items of jewellery that look the same, or if you have purchased an item online and are unsure of how genuine it is;
• To determine the market value of an item. If you are considering buying or selling, and want a fair market price for your items, JVL can assist you with their expert market knowledge. You should properly understand the value of precious items such as diamonds and gemstones before deciding how much money to accept for them.
• To obtain an unbiased valuation not influenced by buyers, sellers, insurance agents.
• To protect and find out the value of family heirlooms, which may hold both sentimental and financial value.

WHY JVL

Engage our services to provide a ‘validated’ description of your Jewellery, watches and other fine valuable personal assets.

Expert independent jewellery valuation (similar info to about us not sure where it goes)

• Detail-oriented
• Guaranteed quality
• Friendly customer service
• Quick turn-around time;
• Competitive Fixed Price
• Safe secure premises
• Private appointments;
• Free quote

Keeping  the value of your jewellery up to date is easy

A proficient Valuer will ensure that all of the necessary information is recorded for each individual item when the valuation is carried out. This means that in the event of a loss or theft, the item can be reproduced exactly.

It also means that with this information to hand it should be possible to revalue the item.

I suggest that valuations should take place every two to three years and with the aid of technology it is so easy to do.

The value of jewellery after it has been lost or stolen, so that a fair settlement can be agreed between the client and insurer. A majority of clients do not have adequate cover due to not having kept the value of their items up to date and lack the necessary supporting documentation.

Making sure that your prized possessions are insured for the correct value will give you and your family peace of mind. I have seen so many cases where limits have been applied to policies and items specified for values that bear no relation to current prices, often because the valuation of the item was very out of date

New client

Once you get your Jewellery Valuation from us, you automatically on our program. This includes:

• As we have already recorded the information of your jewellery article; reduced fee is charged for all future valuation of the same pieces valued within 3 years.
• Free Condition Inspection
• It is always advisable to get you jewellery checked from a every six months to a year especially rings for wear, annual free inspection is available for our clients