Every piece of jewelry and every diamond purchased from Ken K Thompson comes with an appraisal for insurance purposes upon request (with a minimum retail value of $800). Having qualified for a jewelry appraisal is essential when adding your new pieces of jewelry to your new or exciting insurance policy. No matter whether it is strictly for insurance purposes or peace of mind, here at Ken K Thompson Jewelers, our on-site jewelry appraisers are trained and experienced to evaluate the true value of your new piece.
Some important distinguishments to make is the difference between insurance replacement value and estate value. Insurance replacement value is essential when adding your jewelry to an existing insurance policy or creating a new one. Your insurance representative will request an insurance replacement appraisal as documentation for your new piece.
Estate value is different than “insurance replacement value,” and estate value should be used during the following scenarios:
- If you intend to pass down your jewelry to another generation
- If you are dividing up an estate
- If you are interested in selling some of your jewelry
To learn more about your policy, contact your agent about all of your insurance options for your new or existing pieces of jewelry.
No matter if it is a new ring, necklace, earrings, or anything else, at Ken K Thompson, we want you to go home in love with your new jewelry and feeling safe with the knowledge of how much your piece is worth and the next steps to keeping it safe forever.
Come visit us soon at Ken K Thompson to help us find the jewelry of your dreams!