Appraisal Types

AdaMark Jewelers and Silversmiths offers 4 types of appraisals

Insurance Jewelry Appraisal
(An Appraisal to submit to your Insurance Company)

A jewelry appraisal tells you the approximate price at which you could replace your items with comparable merchandise at a retail jewelry establishment that sells jewelry and items of like quality. This appraisal is used to schedule these items with your insurance provider. Such an appraisal will serve as your written assurance of the quality of the item and value. This figure takes into account the proper sizes, amounts, types of metal, etc. and description of the items. The accuracy and detail included in this report makes it possible to identify or have almost exact duplicates recreated of these precious items should they ever be lost or stolen. There may be additional charges from your insurance provider for your scheduled items. This appraisal is different from the Estimate to Replace Appraisal.

One copy of the appraisal must be submitted to your insurance provider in order to be insured, you retain the other copy for your records.

Estimate to Replace Appraisal
(An Appraisal to cover lost or stolen pieces)

The Estimate to Replace Appraisal provides you with the price at which the insurance company should replace your item today. This figure takes into account the proper sizes, amounts, types of metal, etc. and description of the items. This appraisal is not the same as the Jewelry Appraisal. The accuracy and detail included in this report makes it possible to identify or have exact duplicates recreated of these precious items should they ever be lost or stolen. An Estimate to Replace Appraisal is used when you do not have a Jewelry Appraisal, which is scheduled with your insurance company. It would be used for unscheduled items in the event of loss, theft, burglary, or mysterious disappearance.

One copy of the appraisal must be submitted to your insurance provider in order to be insured, you retain the other copy for your records.

Estate Appraisal
(An Appraisal for Inherited Items)

This kind of appraisal is recommended if you have an antique or unique piece of fine jewelry. You may want to get an appraisal to learn more about the history of that type of jewelry and its value. This is often described as an Estate Appraisal, which assigns value to a piece of jewelry that is more in line with current pricing conditions and liquidity potential. Estate jewelry is often appraised to facilitate a quick sale, or to help divide property for an Estate. An Estate Appraisal is based on fair market value, that is, the price an item can bring from a willing buyer and seller without a forced sale and where time is not of the essence.

One copy of the appraisal must be submitted to your insurance provider in order to be insured, you retain the other copy for your records.

Verbal Appraisal
(A Quick Verbal Non Written Appraisal)

We offer FREE verbal appraisals before purchasing anything. We will tell you the approximate value of your items. We will tell you the metal content and inform you as much information as possible. We do not charge anything, until we put it in writing. This kind of appraisal is an approximate amount you may receive for sale, trade in or amount to be appraised for, No Charge, but this is not in writing. This tells you all the important facts you should need to know.

For Your Information
If you do not insure the item with your insurance company; the insurance company will pay you for the items lost or stolen.
In your home owners policy there is a section called "Unscheduled Merchandise" or like this. The amount paid by your insurance company is listed to a specific amount. These items include Jewelry, silver, crystal, china, rugs, anything collectible. If you think it is worth more than a flat rate, it has to be appraised and submitted to your insurance company. They charge additional for this service.

If you provide a bill of sale, the insurance company usually takes the date of the receipt and depreciates the item before figuring the value.