Valuation Service

Insurance Replacement Value

Suppose you had the misfortune to lose some of your jewellery. Would the description in your valuation schedule (assuming of course that you have a recent appraisal) be sufficiently detailed to be used for the following purpose? To:

1. provide a checklist, so that everything missing can be claimed for.
2. prove ownership if the item is recovered by the police.
3. enable a very similar item to be purchased or manufactured.
4. show that on the date stated, the item existed and was examined by the signatory.
5. ensure that in the event of any disagreement with the insurance company or loss adjusters you have a firm foundation on which to base your case.
6. check that the replacement is of comparable quality and value to the original.

A competently prepared insurance valuation schedule should contain information on the size, shape, materials, age, weight, etc. and the monetary value of an item. Such work should only be entrusted to specialists in the appraisal and valuation of jewellery.

Here at Forum Jewellers we use the On-Line Appraiser system. A quality valuation is prepared by an experienced Valuer working to the National Association of Goldsmith’s code of practice and is independently regulated to ensure that established high standards are maintained.

• Please check with your insurers for the ‘lowest value’ they require to be listed on your schedule, before you bring in your precious items for valuation.
• Generally items under £1,000.00 are not required to be listed; therefore our Valuer will show these as a total value and in abbreviated form.
• Due to past litigation problems our Valuer will not handle jewellery purchased from TV shopping channels, i.e. Gems TV.

CHARGES

Please contact us for the current charges.

Our charges are below the current recommended retail charges issued by the Guild of Valuers. Considering you are receiving a legal document, and due to the detailed work involved in preparing a Valuation, we feel these charges represent value for money.

Valuation for Probate

A valuation for probate is done to establish the value of a person’s estate.

The value is based on the price, which the jewellery is likely to realise if it were sold at auction at the time of death of the owner.

The sum will be considerably less than a valuation for insurance as current labour, materials and taxation costs are not taken into consideration, but only the current market situation.

The Valuer will require the following information:

• Date of death
• Name of the deceased

CHARGES

Please contact us for the current charges.