Questions you may ask to your insurance agent

About the Jewelry Appraisal Report...

• What kind of appraisal report would your insurance company need? full report, retail or wholesale replacement value?, full description of items, verbal estimate, invoices only, what kind of documentation would be needed in case I submit an insurance claim?
• Considering the inflation rate and the changes in the jewelry market conditions, how often should I have this appraisal report updated?

In regards to your policy...

• What items should I have appraised?
  Your homeowner insurance policy may offer a general and limited protection for your jewelry. Please read these restrictions in your policy.
• What kind of coverage do I have for jewelry valued under $300.00, $500.00 etc.
• If I only appraise and buy coverage for the most expensive jewelry ( over $300 to $500.00 ), what would happen to the rest if in a break-in I loose everything? How do I prove ownership, description, quality and values for those lower price articles? What kind of limiting condition my policy will have for these articles?
• What is the difference between schedule and unscheduled coverage?
• Is there a deductible? If so, how much? How does it work in case of a claim? Do I have the option to increase the deductible to reduce the premium cost?
  Is my policy all-risk? (Par loss, damage, mysterious disappearance, negligence or carelessness etc.) ?
• Is the item covered if lost (total or partial lost), stolen or damaged while in the possession of someone else?
• Are there any geographical limitations to my coverage?
• Is depreciation ever imposed?
• What exactly does it means to have replacement value on my jewelry. Am I limited to the appraised replacement cost?

In case of a loss...

• If there is a loss, do I have a choice of a full cash-out or will I have to accept less?
• Can I go to whomever I wish for the replacement of my jewelry? If not, why?
• If a loss has been replaced through an insurance company source, will I be allowed to verify proper replacement of quality and value by an independent firm or accredited appraiser?
• What if the lost item is irreplaceable, like an antique or custom made jewelry?
  What proof, documentation is needed by your adjustor to document a claim?