So why would you need an appraisal to begin with? Most insurance companies require one before they issue a policy, you might need one for tax purposes, or maybe you’ve always wondered what that old family heirloom of yours would fetch.
- Insurance to cover loss, damage or theft.
- Estate tax evaluation.
Metal prices can fluctuate quite dramatically. We recommend getting your jewelry appraised every three to five years either to update your insurance policy so you don’t get burned in case of a loss, or just to get a measurement on your investment.