why do i need a jewelry appraisal

Why do I need a Jewelry Appraisal? Your Questions Answered

Jewelry Appraisal Services in San Luis Obispo

Serengeti West Fine Jewelers has been serving the San Luis Obispo area since 1985. As part of that service, we are honored to provide jewelry appraisal for your insurance needs.

Why do I Need a Jewelry Appraisal?

When you own fine jewelry, it’s important to make sure you have proper insurance. Because your treasure could become lost, stolen, or incur damage over the years, your insurance agency needs to know the details of your pieces. Without a current appraisal, your agency will have no way of knowing the current replacement value of your piece. That is, what it would cost to recreate your piece of jewelry.

How often should I have my jewelry appraised?

Every insurance agency will require appraisal at different intervals. Some may ask for updated paperwork every five years. Others will need new documentation every 10 years. You should check with your insurance agency to verify their policies to ensure you are compliant.

Why is it important to have an accurate Jewelry Appraisal?

Some jewelers may offer an inflated value of your purchase. We often hear “I only paid __________ dollars, but they said it was worth ______________.” It’s very important that you know the exact value of your jewelry. Because you wouldn’t want to over pay for insurance and you also wouldn’t want to be under covered, it’s very important to have a real replacement value.

How Can Serengeti West Help with my Appraisal?

Call us at (805) 546-8706 to schedule time for your appraisal. We offer appraisals beginning at a minimum of two items, with an ability to handle appraisals for estate purposes, insurance purposes, and more. Or, visit our store at 951 Monterey Street, San Luis Obispo and see for yourself! We’re happy to answer your jewelry appraisal questions.