Have Your Jewellery Reassessed Often |
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Too often you hear stories about people who have lost jewellery, much of it very sentimental, through burglary, high-jacking or loss only to discover that the insurance replacement values are way under the items' current market value. The reason for this is usually because people do not have their jewellery revalued or reassessed often enough. Higher cost items are particularly at risk because insurance companies may want to see some form of proof of ownership or an evaluation from a jeweller. By having your jewellery reassessed often, you will ensure that you have a recent document that one proves you are indeed the owner of a particularly piece of jewellery and two what it is valued at. These type of documents are very useful to insurance companies when jewellery insurance claims are made and facilitate the quicker and more efficient settling of claims. Always remember that most reputable jewellers can issue you with a valuation certificate whenever you purchase high-quality jewellery. Just remember to keep it somewhere safe so that you can produce it if and when required. Another reason to have your jewellery regularly revalued is due to the fluctuating Rand. An item that cost you R20 000 a few years ago may cost something entirely different to replace today, so you may find that you're paying too much or too little on your monthly insurance premiums. The idea is that your monthly insurance premiums are in line with the replacement value of your insured items today. In addition, a side benefit of having your jewellery reassessed often, is that you can use the opportunity to have your jeweller repair any damaged clasps or settings at the same time, as well as clean your jewellery. Related Insurance Articles: * Insurance and Building or Renovations * Never Penny Pinch with Insurance * Your Age Can Mean Lower Insurance Premiums * Insurance and Marriage * Check Your Cover First Time Insurer * Lloyds TSB Insurance * Insurance Tips * South African Vehicle Insurance 
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| 2/22/2011 3:54:31 PM | |||||||||||||||||||||
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