Insurance Jewellery Valuations
Insurance valuations are prepared to determine replacement value for the purpose of obtaining or renewing insurance cover.
Reports are structured to reflect appropriate replacement value and are suitable for submission to insurers.
Insurance valuations differ from open market or resale valuations and are based on current retail replacement costs for comparable items.
Replacement Value
Replacement value reflects the estimated cost of replacing an item with one of comparable specification in the current retail market.
This differs from resale or auction value and is commonly used for setting and updating insurance cover.
Valuation Validity and Market Conditions
Valuation figures are accurate as at the date of inspection.
Precious metals, gemstones and watches are traded internationally and may be affected by global market and currency fluctuations. As a result, the stated replacement value may vary over time.
Insurers may request updated valuations following significant market movement or policy renewal.
Report Structure
A complete insurance valuation report typically includes:
• Detailed item descriptions
• Assessment of materials and gemstones
• Digital imagery
• Professional narrative and clarifications
• Notes and definitions relevant to the report
Each valuation report is prepared independently and without bias.
Revaluation Recommendations
Valuations should be reviewed periodically to ensure insurance cover remains appropriate.
For most items, a review every 2–3 years is recommended. Certain watches or high-value collectible pieces may benefit from more frequent review due to market scarcity or volatility.
Professional Standards
Insurance valuations are prepared with reference to recognised professional guidance.
The appraiser has no present or prospective interest in the items being valued and no contingent fee arrangement exists.
Data Retention
A copy of your valuation report and supporting documentation is retained securely for professional record purposes and updating where required.
Enquiries
For insurance valuation appointments or review enquiries, please contact directly:
rachel@devonvaluations.co.uk
Telephone: 07391 263410