When to Get Your Jewelry Appraised
When to Get Your Jewelry Appraised
You should consider getting your jewelry appraised in several situations:
- Insurance Purposes: If you want to insure your jewelry, it's wise to get it appraised to determine its value accurately. This ensures you have the right coverage in case of loss, theft, or damage.
- Estate Planning: If you're including jewelry in your estate planning, having it appraised can help with asset valuation and distribution among heirs.
- Resale or Liquidation: If you're considering selling your jewelry, knowing its appraised value can help you determine a fair selling price.
- Legal Proceedings: In situations like divorce, inheritance disputes, or bankruptcy, jewelry may need to be appraised to settle matters fairly.
- Periodic Updates: Over time, the value of jewelry can change due to market fluctuations or changes in quality. It's a good idea to periodically appraise your valuable jewelry to ensure you have up-to-date information for insurance and other purposes.
- After Major Events: Major life events like significant changes in your financial situation, inheritance, or acquiring new pieces of jewelry may warrant a reevaluation of your jewelry's worth.
In general, it's a good practice to get valuable jewelry appraised every few years to ensure your insurance coverage remains adequate and your records are up to date.
At Legacy Jewelry, we offer appraisal services. We provide SAME DAY SERVICE for your insurance & estate documentation. In business for over 40 years, we have been appraising jewelry for Orange County residents for decades. For same day service or to make an appointment, give us a call at 949-230-1069.
