Not only is a jewelry appraisal important for your insurance company, it is important for you as well. A detailed and accurate appraisal of your engagement ring will provide you and your insurance company with the necessary information in the event that you need to file a claim. This diamond ring appraisal will help to settle the claim more quickly and fairly so it is also important to find a qualified jewelry appraiser.
There are a few different types of jewelry appraisals that are done for different reasons. There is an estate appraisal, a fair market value appraisal and a replacement cost appraisal. To secure an engagement ring insurance policy you will need a replacement cost appraisal.
A replacement cost appraisal is done by a certified gemologist. It should verify quality, authenticity, design and value of the jewelry appraised.