In the event of a death in the family, you may be asked for a probate valuation. This is to ascertain the value of the jewellery for possible liabilities against death duties. Probate valuations are much lower assessments than insurance purposes and are based upon the goods worth at the time of the deceased’s passing. The schedule ….need to be as detailed as insurance valuations.
If you are claiming accidental damage or replacement for your jewellery, you must obtain estimates for the work to be carried out. You may be asked for more than one. Many insurance companies use a company called LMG you have no legal obligation to use them as you indemnified your good with the insurer. By using a reputable jeweller such as ourselves, we can help you make your claim and do any repairs in-house.