Everyone dreads losing a valuable piece of jewellery, especially if it’s a special gift or a family heirloom.
It’s a personal nightmare that can get even worse if you aren’t adequately insured or have no proof of ownership.
Check the fine print
When taking out insurance for valuables such as fine arts, watches and jewellery, it is important to understand what you are insured for.
The policy disclosure statement outlines what your insurance company requires to help you understand your level of insurance and the terms and conditions in the event of a claim.
Remember, if you can’t prove the true, current value of your jewellery and other valuables, it is unlikely your insurance company will provide full compensation in the event of loss or theft.
The NCJV difference
Insurance companies are familiar with the high standards set by NCJV for its members and the extensive training to become an NCJV Registered Valuer™.
Make sure you keep the valuation up to date because values do change according to trends and pieces can become worn or damaged over time.
A valuation by an NCJV Registered Valuer™ includes a detailed description with an image of your item.
Ensuring you get what you pay for
A valuation by an NCJV member gives for newly acquired valuables such as jewellery and fine arts, particularly if you are unsure about its quality. You may have purchased at auction or privately and want to verify the quality and condition of the item. If you've watched Antiques Roadshow you would know, sometimes this will be a pleasant surprise.
To find your local NCJV Registered Valuer™ click on find a valuer.
There are many benefits:
- If your lost or stolen item is recovered, your valuation certificate provides proof of ownership.
- When you want to sell your jewellery or fine arts, an assessment based on a specific market value can be an effective means of ensuring you receive a fair price.
- An expert inspection can help prove if the piece you have bought is genuine or as valuable as the seller claimed. Deceived jewellery buyers have managed to recoup significant amounts after seeking early advice from an NCJV valuer.